Untangle The Mess That Is Property Division In Divorce
Property division is the area of divorce that quickly becomes the most heated. Spouses have a lot of personal memories attached to a lot of their possessions, and when it comes to decide who gets what, things commonly turn ugly. Here at Hoffman Law Office, LLC, we have years of experience in helping clients divide their estate in a calm and efficient manner.
There is a lot to consider when it comes to property division, since these cases are rarely uncontested by the other spouse. Things are not as simple as placing assets into one of two piles. There are a lot of circumstances to each piece of property, and we know how to get to the bottom of it.
Understanding Separate And Marital Property
Believe it or not, there are several types of categories that your property falls into: marital property and separate property. Marital property are assets that are earned by both spouses during the duration of the marriage. Examples of this include:
- Your house
- Automobiles
- Recreational vehicles
- Retirement benefits
- Business holdings
- Stocks
Separate property are assets that you have earned individually. The property you have earned before your marriage is easier to sort than the assets you earned by yourself during a marriage.
For example, if you have been contributing to a pension since before your marriage, the division of your pension becomes complicated. Typically, you would still deserve the portion you accrued before your marriage, but the portion during your marriage would need to be divided between you and your spouse.
Keep Things Simple In Your Division
Asset division is complicated for those who have never done it before. We have critical experience in these cases, and we know how to find the best possible course of action for your specific needs. If you are in the Canton area, and need an experienced Ohio attorney, contact us today. Call 330-451-2144 or email us here to schedule your initial consultation today.
