Property Division
In any divorce proceeding, one of the greatest concerns is the division of property. Many couples acquire numerous assets and debts during their marriages that must then be divided upon divorce. Because it is one of the most important considerations, property division can also be one of the most contentious. A divorcing couple may struggle to come to an agreement on how property should be divided, especially when items with great personal or financial value are involved.
Types of Property
When most people hear the word “property”, they may think of a house or a parcel of land. In legal terms, however, property refers to anything that a person or couple owns. While this includes physical property such as a home or vehicle, it also includes income and other financial instruments. Our attorneys can help to defend your rightful share of property in a divorce and can assist with negotiation or litigation involving:
- Joint real estate, houses, or other buildings
- Vehicles
- Pets
- Investments
- Debts
- Wages and bonuses
Any property that is considered marital property is jointly owned by both spouses and must be divided equitably in a divorce. This typically includes all assets and debts that have been acquired during the marriage, with very few exceptions to the rule. Because property division decided in a divorce proceeding is legally binding, it is important to ensure that your interests are protected by an experienced, knowledgeable lawyer.
Contact Us
If you are considering or anticipating divorce, don’t hesitate to contact our attorneys at Hull & Zimmerman, P.C., today at 303-423-1770 for a free consultation regarding your case.
