Property Asset Division
Asset and Property Division Lawyers
Equitable Division of Marital Property
With regards to property division, Oklahoma is an “equitable distribution” state. This is not the same thing as “equal distribution.” If the two parties cannot come to an agreement beforehand, the court will follow a procedure which will determine how to leave each party in a divorce on a relatively equal standing. The first consideration is what constitutes “marital” and “non-marital” property. This involves a legal process known as discovery and may include depositions and requests for documents, records, etc. The court also considers the contribution of each party to the accumulation of assets, which can include time spent providing stability in the home and contributions to education or training. The court will also take market and emotional value of assets into account, as well as future earning potential. The court then assigns monetary value to both the property and the debt, after which the assets are distributed in a fair, equitable manner.
Property division is an arduous and complicated process, far more involved than simply splitting assets in half. An experienced property division lawyer is necessary to evaluate your assets and aggressively develop a settlement that is fair for you.
Whether you are the primary wage earner in a household or have been completely dependent on your spouse for financial support, you may be entitled to more than you might initially think. The divorce lawyers offer expert legal advice while guiding you through this process as well as common sense guidance on preparing for negotiations in and out of court during the divorce and beyond. Our Tulsa family attorneys are dedicated to making sure you can start your new life on the right foot.
Ensure Your Fair Share of the Property Settlement. Contact Us Today.
Going through a divorce is undoubtedly difficult, but sometimes it needs to be done. That does not mean you should lose everything that you have worked for during your marriage. You may be starting over from a personal standpoint, but you do not have to start from scratch financially.