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Things To Know About Divorce And Property

Posted by Unknown | Aug 14, 2020 | 0 Comments

things to know about divorce and property

Drama-Free Divorce can provide comprehensive insights about 'things to know about divorce and property'. At every step, our experts will offer expert advice. Additionally, we're pleased to offer flexible financing solutions beginning at $500 a month for Missouri and Kansas residents living in Kansas City - offering transparent pricing structures with no surprises or hidden costs.

Our process does not typically require court appearances, providing you with peace of mind during this difficult time. Our lawyers are not only extremely talented and professional, but they're also compassionate and understanding - understanding all the emotional challenges associated with divorce can be trying. Let us manage your case professionally yet sympathetically.

Understanding the basics of divorce and property can make the experience simpler. We will discuss key concepts like equitable distribution, separate and marital property division, and why hiring a divorce attorney is necessary. In addition, we'll offer tips on finding an experienced legal team. Our firm specializes in divorce cases.

 

How are property divisions done after divorce?

Divorce involves more than the end of a marriage, it also often includes the division and distribution of assets. Property division methods vary depending on jurisdictions. "Equitable Distribution" is most frequently chosen as the preferred method.

 

What does equitable distribution mean?

Equitable distribution does not refer to an equal division of marital assets. Rather, it depends on various factors including each spouse's contribution and needs.

 

What is a marital property?

Assets acquired during marriage typically constitute marital estate. This may include assets like the family home and joint bank accounts as well as investments or debts acquired while married.

 

What is a separate property?

Separate property typically refers to assets acquired prior to marriage, or gifts or inheritances specifically earmarked for one partner and not subject to division.

 

What assets can be divided in the divorce?

Understanding which assets can be divided is vitally important. Not only tangible assets such as houses and cars can be divided, but retirement accounts, businesses, and intellectual property rights may also be subject to division.

 

Why hiring a divorce lawyer is better than not having one?

Hiring an attorney may seem daunting at first, but having professional assistance at your side can make all the difference when handling a divorce proceeding. They provide expert advice while protecting your rights and helping negotiate an acceptable settlement agreement.

 

When should you hire an attorney?

Legal assistance should be sought immediately when considering divorce, in order to help make early, crucial decisions such as understanding your rights, planning child custody arrangements or spousal maintenance, and understanding potential costs associated with either of the processes.

 

What criteria must I follow to select an effective attorney?

Consider factors like experience, communication skills, and compatibility when selecting your divorce attorney. Ask for references and read online reviews for an understanding of their track record.

 

Why Choose Drama-Free Divorce?

Drama-Free Divorce recognizes that divorce cases can be complex and sensitive, which is why our team has years of experience and a proven record in securing fair settlements for our clients. Communication is key, so we ensure you remain informed at every step.

Our team has successfully represented clients through all kinds of divorce scenarios - from amicable separations to highly contentious battles. We pride ourselves on offering expert legal advice and assistance tailored to the particulars of each situation.

 

Suggested Actions

  • Gather All Financial Documents: Immediately, and begin collecting all relevant financial documents such as tax returns, bank statements, and deeds of property that could assist in the fair distribution process. This will expedite the fair allocation process.
  • Consult a Divorce Lawyer: Don't wait, seek legal advice as soon as you consider divorce. Consult with an attorney immediately after considering separation or dissolution of marriage.
  • Establish Your Goals: Being clear on what your desired outcomes are will enable your attorney to represent you more effectively.
  • Maintain A Level-headed Attitude: While divorce is often an emotionally charged experience, it's essential that your emotions stay in check and rational decisions are made that serve both of your best interests in the long run. Your attorney can assist in this regard.
  • Consider Alternative Dispute Resolution: Mediation and collaborative divorce may provide cost-cutting and less adversarial solutions than litigation. When appropriate, explore these avenues.

Knowledge is power when it comes to divorce and property division. Gaining insight into the property division process, and the role of divorce attorneys, and taking proactive measures will help ease you through this difficult period. Our team is comprised of knowledgeable and friendly professionals ready to represent your interests in any way necessary. Contact us today at 816 615-5555 or send us an email on our Contact Page.

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