“Asset selection at the time that you are negotiating the divorce becomes really critical,” Hook says. “You have to be very careful which assets you select to give and which assets you select to keep.”
A spouse can be getting a fair share of the assets, Hook explains, but could actually be hurting himself or herself in the process.
“Let’s say you are 52, and you get the house. But if you need assets to live on, a house doesn’t always work as a liquid asset if you’re the spouse who doesn’t always have the earned income,” Hook says.