Property division is one of the most critical and time-consuming aspects of a divorce. At the Evan Taylor Law Office, we understand that dividing your assets and debts can be a daunting task, often fraught with contention. Our goal is to guide you through this complex process with clarity and support, ensuring that your interests are protected every step of the way.
Identifying and Valuing Assets and Debts
The first step in property division is to identify what you own and what you owe. This includes all assets such as real estate, vehicles, bank accounts, retirement accounts, investments, and personal belongings. Equally important is identifying any debts, such as mortgages, credit card debts, loans, and other financial obligations. Accurately identifying and valuing these assets and debts is crucial in reaching a fair division.
Assigning Value – A Common Source of Contention
Assigning a value to each asset and debt can be one of the most contentious parts of the property division process. Differences in opinions on the value of property, particularly real estate or personal items, can lead to disputes. At our firm, we work diligently to provide a realistic and fair assessment of all assets and debts, aiming to minimize conflict and reach an agreeable resolution.
Fair and Just Division – Not Necessarily Equal
In Oklahoma, the goal of a divorce judge is to divide the property in a way that is fair and just. This does not necessarily mean a 50/50 split. The court considers various factors to determine what is fair, starting with an equal division but adjusting based on each party’s circumstances. Factors may include the length of the marriage, the contribution of each party to the marital estate, the economic circumstances of each spouse, and any agreements made between the parties.
Experienced Guidance Through Every Step
At the Evan Taylor Law Office, we have extensive experience in handling property division in divorce cases. Our approach is thorough and strategic, ensuring that all aspects of your financial situation are considered. We provide honest, straightforward advice to help you make informed decisions and work tirelessly to achieve a fair outcome.
