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Divorce Asset Split Formula:
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The Divorce Asset Split Calculator helps determine how marital assets should be divided between parties during a divorce based on a specified percentage allocation.
The calculator uses the following simple formula:
Where:
Explanation: The formula calculates the dollar amount corresponding to a specified percentage of the total marital assets.
Details: Equitable division of assets is a critical aspect of divorce proceedings. This calculator provides a quick estimate of asset distribution based on predetermined percentages, which may be established by law or mutual agreement.
Tips: Enter the total value of marital assets in dollars and the percentage share one party is entitled to receive. Both values must be positive numbers, with the percentage between 0 and 100.
Q1: What counts as marital assets?
A: Marital assets typically include all property acquired during the marriage, regardless of which spouse holds title, with some exceptions for inheritances or gifts to one spouse.
Q2: Is the split always 50/50?
A: No, division varies by jurisdiction and circumstances. Some states follow equitable distribution (fair but not necessarily equal), while others follow community property rules (presumed 50/50 split).
Q3: Are debts included in this calculation?
A: This calculator focuses on assets. Debt division is typically handled separately, though some couples choose to net assets against debts before division.
Q4: Should I use this calculator for legal purposes?
A: This provides estimates only. Consult with a divorce attorney for legally binding asset division agreements.
Q5: How should I value complex assets like businesses?
A: Professional valuation is recommended for complex assets. This calculator assumes all assets have been properly valued in dollar terms.