Till divorce do us part: How to manage your assets when you split

It isn't just the assets you should be concerned about when you part ways. Even liabilities such as car or home loans, and credit card outstandings must be dealt with

Abhishek and Joyeeta were a typical young urban couple – double income, no kids, or a DINK couple. But when they decided to part ways after five years, there were uncomfortable questions. How to split assets? And there were quite a few – an apartment, a joint account and few joint investments. More and more couples are facing this question. According to reports, the divorce rate in India has risen from 5 per cent in the 1980s to 14 per cent in recent years.  

Division of property: Since in Abhishek and Joyeeta’s case the apartment is co-owned and both were