While every divorce has its own focus and follows its own path, each divorce must address the matter of property division, and it is often the most hotly contested concern. If you’re facing a divorce, the division of your marital property is pivotal, and the best property division lawyer in Troy is standing by to help protect your financial rights in support of your post-divorce future.
Your marital property refers to anything of value that you, your spouse, or both of you together acquired while you were married. The matter of who paid for the asset in question or whose name is on it has no bearing on your collective ownership. If you came to own it while you were married, it belongs to both of you – with very few exceptions, including:
This marital property must be split between the two of you fairly – given a range of applicable variables – in the event of divorce, and coming to a mutually acceptable division can prove exceptionally difficult.
Any property or assets that you or your divorcing spouse owns separately – and keeps separate throughout the marriage – will remain your own and will not be addressed in your property division. It’s important to note, however, that the line distinguishing separate property from marital property can be fuzzy. Consider the following:
The court is motivated to effect a fair division of property between you and your spouse, and as a result, takes many factors into consideration, including:
In other words, the division of your marital property will be utterly unique to the circumstances involved, and working with a dedicated property division lawyer is well advised.
The trusted property division lawyers at the Law Offices of Robbins & Licavoli in Troy focus their impressive practice on skillfully advocating for the property rights of clients like you. Don’t wait to learn more by contacting us today.
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