Divorce often brings financial anxiety as well
as the loss of your lifestyle as you knew it. This anxiety is completely
understandable. Divorce often results in the loss of significant wealth, as
well as an increase in responsibility for the marital debt, which perhaps you
did not incur. If you face divorce, a visit to a divorce law office can provide
effective legal help in protecting your assets.
In looking at the marital property division,
increasing your share of marital property and limiting your portion of the
marital debt will be key to what your future looks like. Your Property Division
Lawyer will help to obtain the best possible property and asset division
arrangements. You want a Property Division Lawyer who has handled numerous
divorce cases involving both small and large amounts of marital property.
In addition to casework experience, you want
your Property Division Lawyer to be able to provide strategic counsel regarding
your rights in divorce. Your Property Division Lawyer should be skilled in
coordinating home appraisals and business valuations as well. Depending on your
case, you want a divorce attorney experienced in handling both low- and
high-asset divorces. Make sure they can manage the division-of-asset process
for things such as:
● Homes & second
houses
● 401k & pension
accounts
● Businesses &
related goodwill
Ultimately, your property division process
will depend largely on determining:
1) The date of separation,
2) Who contributed to what assets during the
marriage.
Your Property Division Lawyer can skillfully
conduct a full investigation to protect your full property rights. So ensure
you have the best Property Division Lawyer by your side as you go through this
life-changing process of divorce.
Family law disputes can be distressing &
daunting. However, before taking on divorce, order modification, child custody,
or all other important legal matters, it would be smart & helpful to get
the best legal advice. Contact the office of Fizer Law, the finestDivorce
Lawyer in Long Beach, at 1~562~270~9944.
A Marital Division of Property Agreement is
very similar to a prenuptial agreement. However, this type of agreement can be
signed both before and during a divorce. This legally binding agreement
establishes the division of marital property in the event a couple decides to
divorce or after the death of one of the spouses.
The assets that this arrangement refers to
include both joint possessions and financial assets. The legal definition of
"property" will include real estate, automobiles, and investments. If
a couple does want to divide property equally, it may make the situation
easier. However, it is difficult to split it right down the middle. This is one
good reason to speak to a Property Division Lawyer about who gets what after a
divorce or a death.
This agreement can be signed both before and
during a marriage. Couples who choose to take this route typically hire an
attorney. Property Division Lawyers are available to help draw up the terms of
the arrangement and address the desires of their clients. Each party should
find its own representation. It is an extreme conflict of interest if the
attorney is working for both sides.
The regulations governing this sort of document
might be more complex than they appear. People are deciding on the split to
guarantee that they get the marital property they desire and need in the case
of divorce or death. This is why legal representation is critical in these
cases, and you must not try to make such crucial choices without the assistance
of a competent Property Division Lawyer.
Family law disputes can be distressing &
daunting. However, before taking on divorce, order modification, child custody,
or all other important legal matters, it would be smart & helpful to get
the best legal advice. Contact the office of Fizer Law, the topProperty Division Lawyer in Long Beach, at 1(562)-270-9944.
Property division is among the most intricate
parts of a divorce because of the sheer number of items that must be
distributed between spouses. It may take a long time to come to an agreement
that both people feel is fair and equitable, the two guidelines that property
division arrangements hinge on. With that in mind, it can be beneficial to
understand the basics of dividing property, be familiar with the rules, and
know what it takes to finalize your divorce with the terms you want.
"Equitable
Division"
When dividing property, it is necessary to
ensure that both partners are getting an equitable share. This means that each
spouse walks away from the marriage with a roughly equivalent share of the
property. For instance, if you plan on taking the car following your divorce,
you'll likely have to give up your claim to something equally valuable, like
market investments or cash. The doctrine of equitable division protects spouses
from being left with nothing if the marriage ends.
It's essential & vital to understand that
there is a distinction between "equitable" and "equal."
Some states, like California, require that property be equally split 50-50
between both spouses, while other states, like Florida, merely require an
equitable arrangement in which both spouses leave with roughly comparable
amounts of property.
Understanding
Pre-Marital Property
Pre-marital property is usually exempted from
division, meaning you'll probably want to be familiar with what you're
protected from parting with. Generally speaking, items you owned before your
marriage are not considered marital property, nor is property acquired as a
gift or inheritance. Some spouses attempt to hide items by giving them to
friends as "gifts" to get them back as a gift at a later date. If you
fear your spouse is attempting to conceal information in this manner, it may be
good to consult with a Property Division Lawyer.
Family law disputes can be distressing &
daunting. However, before taking on divorce, order modification, child custody,
or all other important legal matters, it would be smart & helpful to get
the best legal advice. Contact the office of Fizer Law, the topProperty Division Lawyer in Long Beach, at 1(562)-270-9944.