Protecting Your Right To A Fair Property Division Settlement
Dividing marital property can be one of the biggest sources of stress in divorce. Many people are justifiably concerned about supporting themselves after a divorce. The Law Office of Cliff Collins can help you seek a fair division of marital property. While based in Cabot, the firm has represented clients throughout Lonoke County.
With a skilled lawyer on your side, you can give yourself the best opportunity to reach a positive resolution in marital property disputes.
Your Financial Security Is Top Priority
Your property can be divided in one of two ways. You and your spouse can agree to divide your marital property through a negotiated resolution, or the judge can decide in litigation. Under Arkansas law, judges are required to distribute all marital property equitably. Typically, judges will divide marital property 50-50, but they are not always required to do so. Judges will look at many factors when dividing marital property, including the length of the marriage, each spouse’s earning capacity, age and health, among other factors.
In most cases, negotiations are the more efficient, economical way to resolve these issues. Of course, there are times when a negotiated settlement simply is not reasonable. Attorney Cliff Collins is fully invested in your success and will be prepared to present a strong case in litigation, if necessary.
In any divorce, you and your spouse must resolve two issues. First: Spouses must determine what is marital property and what is nonmarital property. Nonmarital property consists of gifts, inheritances and property brought by each party into the marriage. Second: Spouses must reach an agreement on dividing marital property. This can be simple or complex, depending on the assets involved. Dividing pensions, retirement accounts, real estate and other assets can be difficult, and there may be significant tax consequences involved. We will look at your property and help you reach a sensible arrangement.