Equitable distribution states allow divorce courts a lot of discretion in dividing marital assets in an equitable, or fair, manner.Courts can consider any relevant factor in achieving an equitable distribution.
"Every family's financial picture is comprised of a variety of assets, each of which may need to be valued differently if a liquidation is necessary," said Mott, who is also a certified financial planner and a divorce specialist."Each party in the divorce needs to understand how the liquidation may affect not only the next tax return but also their long-term financial future," she said."Mistakes are costly, like liquidating a 401(k), which means next year you have an enormous tax bill that you didn't plan on and may not have the cash to cover," Mott added.Based on the quantity available, the mix of products and the desired recovery, it can be worthwhile to sell the liquidation lot in small quantities to many buyers until it sells out.You ship the goods to the Via Trading facility where they are processed into small lots and sold by the case or pallet to hundreds of buyers. Certain types of products may be most appropriate for liquidation through Via Trading’s monthly live auctions.