04.11.2024 Newsletters Doerner

Navigating the Complexities of Property Division During Divorce

Property Division During Divorce

Navigating the complexities of your divorce can quickly become overwhelming. Asset division can be complicated, but it does not have to be a battleground. By arming yourself with knowledge and exploring your options, you often can approach this process with clarity and confidence. 

Keep reading to learn how to pave the way for a smoother transition into your new chapter.

Who Gets What in a Divorce?

The goal of dividing assets in a divorce is equitable distribution.  In Oklahoma, marital assets are divided on an equitable basis, however, fair does not always mean equal. Courts consider various factors when determining who gets what in a divorce settlement.

As part of the property division, assets like the family home, cars, bank accounts, investments, retirement accounts, and even pets are subject to division. Each item’s value and contribution to the marriage weigh heavily on how it is divided.

What Factors Impact Property Division During Divorce?

Several factors come into play when dividing property during a divorce. Longer marriages often lead to more complex asset division.

Each spouse’s financial contributions during the marriage also play a significant role. Whether one partner stayed home to care for children or furthered their career, each role can impact how assets are divided and generally is determined an equal contribution.

Another crucial factor is whether there was a prenuptial agreement in place. Prenuptial agreements can outline specific terms for property division, often simplifying the process.

It’s essential to remember that debts accrued during the marriage also fall under this division process. This includes mortgages, credit card debt, student loans, and car loans. Everything must be accounted for and distributed under Oklahoma law.

How to Determine Property Division in a Divorce 

Couples can consider various methods, such as collaborative divorce mediation, or court proceedings, to determine the property division that best suits their needs and circumstances. Each method offers its own advantages and considerations.

Open communication, cooperation, and seeking professional guidance can help make the property division process smoother and less contentious.

How Can a Divorce Attorney Help?

Navigating the complexities of property division during a divorce can be overwhelming. This is where having an experienced attorney on your side can make all the difference. An attorney with experience in family law can help ensure your rights are protected throughout the process.

An attorney can also help in many other ways. Some of these include the following: 

  • Personalized guidance
  • Explanations of complex legal terms
  • Outlining your options 
  • Advocating for your best interests 
  • Negotiating with your spouse’s legal representation

Having a skilled attorney as part of your support system can provide peace of mind. You’ll know that someone is fighting for what you deserve.

Hire a Divorce Lawyer in Oklahoma 

Navigating the complexities of property division during divorce can be challenging and emotionally draining. Seeking guidance from an experienced family law attorney can provide invaluable support. 

At Doerner, our family law firm is known for skillful and effective representation in even the most complex cases. We have deep roots in the community and have been working with some of our oldest clients since before the 1970s. We’re ready to help. 

Contact us today for a consultation.