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Couples may argue about property values during divorce

Couples may end up arguing about a lot of things during a divorce, from child custody arrangements to whose fault the divorce is. One of the key points of any case, though, may be some of their high-value assets. When they don't agree, it can make splitting up property more complicated.

For instance, one man said that he bought a boat -- he didn't state what he paid, but he said that he knew other people who purchased boats for around $500,000 -- and he wanted to live on it after he and his ex got divorced. He wound up spending anywhere from three to four years on it.

The problem was that his ex thought that the boat was worth a lot more than he did. She may have been looking at that purchase price. What he was looking at, though, was the way that values fell during the recession.

After all, he noted that boats were non-essential items. They're expensive to own and maintain. When the economy dipped, those were exactly the types of things that people stopped buying, so he knew he couldn't get much -- if anything -- for that boat. He claimed that his friends with the half-million dollar boats couldn't "give them away" in that economic climate.

As you can imagine, this type of disagreement can get contentious and complicated. Both people feel like they are right and the other person is trying to take advantage of them.

It is very important for you to know about all of the legal options that you have to come to a resolution quickly when you're faced with a complicated divorce.

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