Making The Complex
UNDERSTANDABLE

PLEASE NOTE: To protect your safety in response to the threats of COVID-19, we are offering our clients the ability to meet with us in person, via telephone or through video conferencing. Please call our office to discuss your options.

Breaking up? It’s time to find your assets

| Apr 2, 2020 | Uncategorized

You and your boyfriend were together for a few years, and over that time collected many assets. You have furniture, cars, gaming systems, computers and many other items.

The biggest issue you have now is deciding how to divide this property when you break up. You want to move out, because you feel like you’ve grown apart. You are willing to be reasonable.

Your boyfriend is not as reasonable as you. His unhappiness with your decision is apparent as he tries to claim that items you bought are actually his or that he deserves half of everything you have in the apartment.

The truth is that property division is different for people who aren’t married. How your property is divided may come down to what you agree to, but there are some good ways to prove that you own items in case you need to go to court.

How can you prove which assets you own?

One of the best ways to show that you own an asset is by providing a receipt. Did you buy a large sofa for your living room? Look up the receipt in your bank account or pull the receipt from anywhere you’ve saved it. Did you buy a car that you share with your partner? If the loan is in your name and you’re making the payments, the vehicle is yours.

If you don’t have receipts or a recollection of who purchased certain items, make a list. You and your ex-boyfriend can come up with that list and discuss which items you or they should keep. If he is not being reasonable, doesn’t want to communicate or continues insisting on keeping as much as possible, then you may want to turn to mediation, arbitration or the court for assistance.

It’s important to remember that splitting up is different than getting a divorce, even if you’ve been together a long time. If property is established in your name, it generally stays your personal property. There are exceptions, such as if you can prove that a piece of property was meant to be shared or was a gift, but on the whole, property remains in the name of the person who bought it.

Your attorney can talk to you more about your situation if you’re having trouble splitting your assets when separating. If you can both be reasonable and provide proof of your possessions, it will help move your case forward quickly.

Archives

FindLaw Network
As Heard on All Things Legal | WWL | AM870 | FM 105.3 | News | Talk | Sports
Sophisticated Woman Badge jpg