When going through a divorce, there are many decisions to be made, one important is property division. When considering the division of property, the end result can have a significant as well as long-term impact on your life. In the state of New Hampshire, there is an equitable distribution of property. At the law offices of Amanda Dowgiert, we can assist in ensuring that property is divided equally involving your divorce. Our law firm has vast experience in property division, ensuring a positive outcome for your individual circumstances.
How Property is Divided
In a marriage, there is a property that is considered tangible and intangible. The property and assets will need to be distributed equally. The property accumulated during the marriage, such as the marital home and vehicles, will need to be divided in a fair manner. When considering the fair distribution of property, several factors are considered. The court will try to ensure the distribution of the property is fair while considering the following factors:
- Length of marriage
- Age of each individual involved as well as health and needs
- Future property acquisition opportunity for each individual
- The need of the custodial parent to own the marital home
- Value of the property owned
- Tax responsibilities of each party
What Type of Property is Included?
When filing for divorce, the circuit court of the state devices the assets acquired during the marriage. Property that is considered includes real estate, financial accounts, retirement accounts, stocks, and bonds. The court will automatically assume a 50/50 split of these assets. However, there are factors that are considered that can lead to a decision of unequal distribution. The factors that lead to such a decision are listed above.
Benefits to Hiring a Divorce Attorney
An attorney can help you to evaluate the factors that are considered to determine how you will be regarded in court. Whether you are the primary caregiver of any children from the marriage or you are the primary money maker, it is important to have legal assistance to ensure that you have a knowledge person by your side to help with the process of property division.
The court system is set up where it is fair in a 50/50 split. In most cases, the property is divided equally, and both parties are satisfied with the outcome. However, there may come a time when you feel that your voice is not being heard and your ex-spouse is trying to take more than their fair share. No matter the issue at hand, it is important to have legal representation in this process.
With the right legal team by your side, you have the help you need to fight for your fair share of the property owned during the marriage. Never sign any paperwork or go it alone. Have a team of attorneys ready to fight for you.
If you are filing for divorce and need assistance with the fair distribution of marital property, give our office a call today to schedule a free consultation.