When married couples in Rhode Island consider their major assets and property, they should be able to establish the ownership of it. During dissolution, this task is rather daunting, and the complexity of property division could lead to a very complicated and lengthy divorce. While the divorcing couple battles over whether an asset is considered marital property or separate property, they could lose focus on other details of the divorce process. This is why it is important that each spouse takes the time to get a full financial picture of their marriage, so they can reach a fair and timely divorce settlement.
During dissolution, it is not only important to establish who needs what property or asset, but it is also crucial to establish what rightfully belongs to each spouse. With regards to gifts and inheritances, it is important to determine whether these items are in fact separate property and will remain with the spouse they were given.