Rhode Island Asset Division Lawyer
Dividing Marital Assets
When a couple begins divorce proceedings , one of the issues that they must resolve is the division of their "marital" assets. In accordance with our state's laws, marital assets are defined as all property acquired by both parties over the course of the marriage. In addition, any increase in an asset's value that was brought about by efforts during the marriage also counts as "marital," whether the asset was acquired during the marriage or not. Examples of marital assets include retirement benefits, real estate, interest in a business, and property that is obtained in the course of a pending divorce.
Once a court has established what assets are considered marital, it then attempts to fairly and equitably divide these assets between the two spouses. To aid the court in its decision, there are a number of factors that act as a guide in determining what is "fair." These factors include each spouses' income, the length of the marriage, the spouses' conduct during the marriage, the spouses' age and health, each spouses' contribution to the value of the assets, and each spouses' earning potential. If you are filing for divorce and are seeking a fair outcome to an asset division matter, contact a Rhode Island divorce lawyer who will work hard to protect your interests.
Property Distribution in Rhode Island
For over three decades, The Law Office of Patricia A. Sullivan has been helping people solve their divorce issues, including those that involve asset division. Asset division matters can be contentious, but my goal is to resolve each client's case as quickly and amicably as possible. My firm is available to provide you with compassionate legal service that is intended to bring about a swift resolution to your asset division case at a reasonable cost.
If you are seeking a fair portion of your marital assets after divorce, contact a Rhode Island asset division attorney today.