Deciding who gets what in your divorce, a process also known as asset division, is typically one of the most contentious aspects of ending a marriage. Both spouses tend to have their own ideas about what is fair and reasonable, and there is often very little overlap. Whether you find yourself squabbling over a particular asset or trying to minimize how much your spouse takes in the divorce, careful planning ahead of time can do a lot to protect your assets.
Ideally, the modern marriage should have financial transparency and an understanding between spouses regarding what is fair and reasonable in the event of a divorce. In order to protect themselves, more marriages these days involve prenuptial agreements than in the past. However, even if you married without a prenuptial agreement, it is still possible to protect your own finances in the event of a divorce.