Division of Marital Property
Divorce involves more than emotions.
When you’re faced with the prospect of divorce, there’s a lot at stake. Aside from the emotional turmoil and upheaval of your family’s life, you also have to deal with issues that can affect your financial security for years to come. Andalman & Flynn’s practiced attorneys will conduct a thorough evaluation of your financial situation and ensure that your rights regarding property division are fully protected.
Division isn’t always a simple calculation.
Assets acquired during a marriage are considered marital property, but property acquired before marriage or received from a third party as a gift or inheritance are excluded. During a divorce, this marital property is subject to just and equitable division by the court. However, interpretations of what is just and equitable, as well as what constitutes marital vs. separate property, can vary widely. Equitable distribution also doesn’t necessarily mean the marital property will be divided equally between the parties. Property division is based on several factors, including the economic circumstances of each spouse. Sometimes, the disadvantaged spouse receives more of the property. Marital property generally includes holdings and finances acquired during the marriage such as:
- Personal property (such as vehicles, jewelry and furniture)
- Real estate
- Bank accounts
- Pensions and retirement accounts
- Businesses
- Stock options
At Andalman & Flynn, we have guided hundreds of people through the property division process. Whether you require a simple division of community assets or valuation and separation of complex financial holdings, we can help. Please contact us today to schedule a consultation.
Testimonials
Client Testimonial – Thoughtful Legal Guidance
“I am writing to tell you how very pleased I am with the care and attention that I received from the law firm of Andalman and Flynn. From the outset, I was impressed by the organization of the office, and the thoughtful legal guidance that I received in the areas of family law and landlord-tenant issues. My attorney, Peter Casciano, met with me when I was a walk-in client in distress. He immediately directed me to several public agencies of which I had need, and advised me in the process of becoming a client of the firm. His advice and understanding, on such short notice, was much needed and greatly… appreciated! It gave me a sense of security at a very difficult time. I was deeply impressed by Mr. Casciano’s on-going ability to listen to and understand my point of view. At all times, he provided clear information about various legal options that were open to me. I felt that I was well informed, and that I was not pressured to proceed in a particular direction. Rather, I felt encouraged to take time, to think, and to consider solutions that were most suitable to me and to my situation. It is assumed that an attorney will be knowledgeable in his field. Even so, I was impressed by Mr. Casciano’s easy grasp of any situation that I relayed to him. His recommendations were always sensible, and his skill at making legal options clear and understandable is outstanding! I felt, at all times, that Mr. Casciano was empathetic to my concerns and firm in his determination to protect my interests. Based on my experience, I would recommend Andalman and Flynn to anyone who needs a top-notch attorney. Andalman and Flynn is my law firm of choice!” Very Truly, M. Peckham Montgomery County Resident Read more “Client Testimonial – Thoughtful Legal Guidance”
Client Testimonial – I couldn’t be happier with the result that I got
“I was recommended to Ms Vann from a friend of mine. I couldn’t be happier with the result that I got. I was dealing with custody and financial support issues with the mother of my twin boys and trying in vain to do the right thing by myself. Working with Ms Vann relieved so much of the stress that I was going through. It is about six months since my case was closed and things are still going really well. I only wish that I had contacted her sooner!”
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