PROPERTY DIVISION
AREAS OF PRACTICE
FATHER'S PARENTAL RIGHTS LAW CENTER 3428 NW 178th Edmond, OK 73012 Phone: 405.752.1300 Fax: 405.752.1705 |
_
HOW WILL OUR PROPERTY BE DIVIDED?
Splitting up marital property can be a very emotional and difficult process. When a marital residence is involved, one spouse may be permitted to stay in the home and buy out the equity of the other spouse. This process generally requires refinancing the residence. It is possible that a court may order the marital residence to be sold and the equity/debt split between the parties. Upon divorce, “separate” property and debt usually goes to the spouse that owns or owes it. “Marital” property and debt will be “equitably divided” between the parties. “Separate” property or debt is either: (a) property a spouse owned or a debt owed before marriage; or (b) property a spouse received as a gift during marriage from the other spouse or some third person (such as an inheritance). “Marital” property or debt is everything else acquired during a marriage regardless whether it was acquired in both names or individually. Sometimes, the bride and groom enter into written contracts called “prenuptial” or “antenuptial” contracts before they marry. Please let us know if the two of you signed such a contract. Even though property may be considered "separate," if the value of that property has been significantly increased by the contributions of the other spouse during marriage (such as by labor or monetary contribution) part of the value of that property may be considered "marital." We can assist you in identifying legal issues concerning division of property and debt. For additional information regarding the financial aspect of a Divorce, please see our Alimony page. If you have any questions for us, or would like information about setting up an appointment, please Click Here. "ATTORNEYS HELPING DADS"Thank you for visiting our site. We are the original Father's Parental Rights Law Center, established by Oklahoma Attorneys Jay F. McCown and Tamra A. Spradlin with the mission to give Dads a voice in Court. Our Attorneys have over 45 years of experience representing Fathers in Family Law litigation including: Divorce; (Contested and Uncontested), Child Custody, Child Support, Visitation, Modification, Visitation Enforcement Issues; DHS cases, Guardianship, Relocation and Paternity. We understand the concerns of Fathers and will work to protect and preserve your rights to your child(ren).
|
Cities and Counties we serve: Our office is conveniently located in Oklahoma City, and we provide legal representation in all 77 counties in the state of Oklahoma. If you are unable to travel to Oklahoma City to meet with one of our attorneys, we offer a telephone appointment for your convenience.
_
No portion of this site may be reproduced in any manner without the express written consent of the Father's Parental Rights Law Center of Oklahoma.
The information contained within this site is for general information purposes and is not intended to create an attorney/client relationship. Copyright 2012 All rights are reserved.
3428 NW 178th, Edmond OK 73012
Jay F. McCown, Tamra A. Spradlin
No portion of this site may be reproduced in any manner without the express written consent of the Father's Parental Rights Law Center of Oklahoma.
The information contained within this site is for general information purposes and is not intended to create an attorney/client relationship. Copyright 2012 All rights are reserved.
3428 NW 178th, Edmond OK 73012
Jay F. McCown, Tamra A. Spradlin