Fair And Equitable Division Of Property — An Unreachable Goal?
Not If You Have The Right Family Law Attorney
Couples who are facing a divorce are at a vulnerable time in their lives. It can be hard to make good decisions when you’re emotionally stressed. Our experience as a law firm that focuses on family law as a primary issue means that we can be your anchor in the storm and guide you through to decisions that are well-thought-out, fair and equitable.
Few topics are as volatile in divorce as the topic of money and property division.
At Gibson Law Offices, we have a trained collaborative law attorney who is a skilled negotiator. We recognize that you are coming to our law office at a vulnerable and difficult time and would most likely appreciate some compassion and consideration — and not somebody to joke with you or compare the latest sports results. We work to settle the case and recognize that it is no laughing matter.
What Are Your Goals?
Each couple is different and each spouse is different. One couple may want to work to keep the children in the house in which they have grown up. One couple may think a fresh start is better. One spouse may have no clue regarding the couple’s net worth. Another spouse may suspect his or her partner of hiding assets to prevent them from being included as joint assets.
In each case, we take a look at your property division goal and the overall situation and make an assessment. Here are a few common considerations that we help couples work through:
- Home value — The market is variable and the home is not an easily liquidated asset.
- Unsecured debts — How much do you owe in credit cards and other unsecured debts?
- Secured debt — Does the person who drives the car keep the car payment?
- Liquid assets — How much cash and savings do you have and where is it kept?
- Retirement assets — Who holds how much in a 401(k), pension, Roth IRA or other retirement assets?
- Income earning ability — Is it equal, roughly equal or is there great disparity?
- Complex issues — Do you own a business jointly, or are you co-owners with other people?
- Pre-marital assets — Do you have good records of what you each brought into the marriage?
Keep in mind that it is cheaper for two people to live together, than to live separately. Sometimes division of property is “equitable” but not “equal.” There are options. It may be possible to swap assets so that one spouse can stay in the family home.
Everything is negotiable.
Our attorney, Ken Gibson, has a well-deserved reputation for being a good guy who gets things done.
Free Initial Consultation To Move Forward
If you are considering a divorce, or have been served with papers, contact Louisville, Kentucky, Gibson Law Offices for legal assistance to help you move forward and leave your legal troubles behind. Call our number, 502-403-2798 for a free initial consultation or send our lawyer an email using the contact form.