Dividing Up Property And Debts In Divorce
When it comes to divorce, dealing with the nitty-gritty details can feel overwhelming. How do you even begin to untangle the life you’ve built together? What rights do you have? How do you make sure you get a fair result, without spending all your money in the process?
I can help with all these issues. I’m Scott Scholl, a Little Rock family law attorney and founder of the Scholl Law Firm, PLLC. I understand how stressful and daunting it can feel to face the financial reality of ending a marriage. My goal is to help you get a favorable outcome that sets you up for success post-divorce without breaking the bank in the process.
Common Issues That Come Up With Property Division
The biggest issues couples confront often involve property such as:
- The marital home
- Retirement accounts
- Gifts and inheritances
Disputes sometimes arise over whether the property is considered marital or nonmarital. Nonmarital or separate property in Arkansas generally isn’t divvied up.
Debts can also be a contentious issue. As with assets, most debts are included in property division, provided they were taken out during the marriage.
Military Pensions And Benefits
For military families, another hiccup with property division is the military pension. The non-servicemember spouse will likely be entitled to their share of the pension, which can be tricky to navigate. In some situations, such as those involving long-term marriages, the nonmilitary spouse may also be entitled to keep some benefits until they remarry.
As a veteran myself, I’m well-versed in military divorces and can advise you of the specifics.
Get The Lowdown On Property Division In Your Case
Reach out to me, an experienced family lawyer, to get answers to your property division questions. I offer free consultations so you can get to know me and learn more about what I can do for you. Call 501-588-1148 or send me an email.