The division of assets typically begins with a discussion of the New Mexico Statute on separate or community property and an in-depth review of your Financial Summary to determine the status of each asset or liability owned by you and/or your spouse. Other factors that play into a division of property are your own sense of fairness, relationship history factors, non-legal needs of you and your spouse, prior understandings or agreements, personal beliefs, and practical realities that might make some options work better than others.

We will look at the marital house and the financial and tax implications of sole or continued joint ownership and possible options for current or future sale or buy-out.

All other assets are discussed, such as retirement plans, brokerage accounts, stocks and bonds, vehicles, business valuations, and house contents. The mediator will help identify tax planning issues to minimize or eliminate tax upon transfer of assets.

Liability decisions include responsibility for mortgage notes, equity lines, car loans, promissory notes, life insurance, pension loans, credit card and all other debt.