Signs You Need a Family Lawyer for Division of Assets
Posted on February 26, 2024
Divorce is no simple matter. When it comes to finalizing a separation emotions tend to run high, as it is simply not the end of a business contract but a meaningful relationship. When it comes time to divide assets, tensions can escalate quickly, resulting in a not so straightforward process. If you are concerned about not getting what you rightfully deserve in a separation, talk to a family lawyer who understands the complexities of asset division. At Karrass Law, our expert civil litigation lawyers will help you advocate for your rights and navigate these complicated or challenging times. If you’re not sure whether you need a division of assets lawyer, book a consultation with Robert Karrass and the Karrass Law team.
Here are some signs that indicate you may need the expertise of a family lawyer for navigating the division of assets:
Complex Assets
If you and your spouse have accumulated significant assets during your marriage, such as multiple properties, marital homes, investments, businesses, or retirement accounts, the division process can become highly complex. A family lawyer specializing in division of assets can provide invaluable assistance in determining the value of these assets and ensuring a fair distribution.
Disagreements on Valuation
Disputes often arise when it comes to valuing assets such as real estate, businesses, or valuable personal property. An experienced family lawyer can help mediate these disagreements and enlist the expertise of appraisers or financial experts to arrive at accurate valuations.
Hidden Assets
Suspicions of hidden assets can further complicate the division process. If you believe your spouse is concealing assets or income to avoid their fair share, it is essential to seek the assistance of a family lawyer who can investigate the matter thoroughly and ensure transparency in the division of assets.
Debt Division
Division of assets also involves the equitable distribution of debts accrued during the marriage. Determining who is responsible for which debts can be a contentious issue, especially if one party tries to shift the burden unfairly. A family lawyer can help negotiate a fair division of debts and protect your financial interests.
Pre-nuptial or Post-nuptial Agreement
If you have a pre-existing pre-nuptial or post-nuptial agreement outlining the division of assets in the event of divorce or separation, it is crucial to have a family lawyer review the document to ensure its validity and enforceability. The Karrass Law team can also help contest the agreement if it is unfair or unjust.
Emotional Obstacles
Divorce or separation is an emotionally charged process, and disputes over assets can often be fueled by feelings of anger, betrayal, or resentment. Having a neutral third party, such as a family lawyer and mediation lawyer, can help de-escalate tensions and facilitate productive negotiations focused on achieving a fair division of assets.
Child Custody Issues
Division of assets is closely intertwined with child custody and support arrangements. If you are facing disputes over custody or visitation rights, it is essential to work with a family lawyer who can address these issues holistically and ensure the best interests of the children are prioritized.
Complex Legal Procedures
Navigating the legal procedures involved in the division of assets can be overwhelming, especially if you are unfamiliar with family law. A family lawyer specializing in division of assets can guide you through the process, explain your rights and obligations, and advocate on your behalf in court if necessary.
Need for Mediation or Arbitration
In cases where traditional litigation is not the preferred route, alternative dispute resolution methods such as mediation or arbitration can offer a more amicable and cost-effective way to resolve asset division issues. A division of assets and mediation lawyer experienced in these methods can help facilitate negotiations and reach a mutually acceptable agreement.
Choose a Family Lawyer You Can Trust
Divorce or separation is a complex and often contentious process, especially when it comes to the division of assets. Seeking the guidance of a family lawyer specializing in division of assets is essential to ensure your rights are protected, and a fair and equitable resolution is reached. For all your complex family disputes, choose the reliable and reputable team of lawyers at Karrass Law.