The real estate crisis of a few years ago continues to influence divorce decisions, particularly regarding property division. Before the crisis hit, it was often not that difficult for one of the partners to move out of the family home and get another house almost right away. Or the house could be sold fairly easily and the proceeds divided among the spouses.
Divorce does more than finalize the end of a marriage. Divorce divides all of the property that each couple has amassed and comingled together during the period of their marriage. Many people are surprised or even shocked when an attorney explains to them that their beloved dog, cat or other household pet is considered property under the law. Animals are an asset on the list for property division even though it is a living, breathing companion.