Division of assets and debts is complicated. The date of separation is key. Assets are generally valued at the time of trial, settlement conference or other hearing where the judge orders the division. Debts are valued at the time of separation, but since they are generally split later either party can seek credits for principal payments.
I sincerely hope you can come to an agreement without going to court. My property settlement has dragged on and I haven't been happy with the court's view of who should be assigned what.
Most people told me to divide things quickly since I was likely to end up with a better settlement. They were right. The more this has dragged on the more I will have to pay to end it.
