Rhode Island Asset Division Lawyer
How Courts Willl Divide 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
- 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.
Factors That The Court Uses to Divide Property
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 spouse's income
- the length of the marriage
- the spouses' conduct during the marriage
- the spouses' age and health
- each spouse's contribution to the value of the assets
- each spouse's earning potential.
If you are filing for divorce and are seeking a fair outcome to an asset
division matter, contact a divorce lawyer who will work hard to protect
Contact The Law Office of Patricia A. Sullivan
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 divorce firm today.