Miami Oklahoma Property Division Attorneys

Property division is one of the major issues that can arise in a divorce case, whether in the Miami, Oklahoma area or elsewhere. Our attorneys are skilled with issues impacting property matters arising in a divorce case. When going through a divorce, the parties are faced with many complicated issues that can make the process extremely stressful. Many couples have to go through this process of property division, because each individual generally has a right to 50% of the assets obtained through the life of the marriage, but the separation of assets in Oklahoma can be much more complicated than simply dividing the assets in half. Unfortunately, this division sometimes involves the liquidation of assets. This can lead to unfortunate and stressful confrontations if you do not have the legal help you need to guide you through this process. It is important to seek an opinion from qualified Miami Oklahoma Property Division Attorneys regarding your specific case and circumstances.

The state of Oklahoma is referred to as an “equitable distribution” state, which means that if the parties are not going to be able to settle their dispute informally, the court system will step in and follow a certain procedure to complete the property division/separation of assets. These steps are as follows:

When a court concludes the process of classifying assets as either “marital” or “non-marital,” the process of dividing the assets in as equitable a manner begins. This does not mean that there will necessarily be a 50/50 split, but the court will attempt to leave each party in a somewhat equal standing given all the other considerations implicit in a divorce.

Discovery, much like in a civil court proceeding, in order to properly classify which items are considered “marital” property

Assign a monetary value to all the marital property and marital debt. Distribute the marital assets between the two parties in as equitable a manner as possible.

Equitable does not mean equal, but rather what is deemed to be fair by the court.

When a court concludes the process of classifying assets as either “marital” or “non-marital,” the process of dividing the assets in as equitable a manner begins. This does not mean that there will necessarily be a 50/50 split, but the court will attempt to leave each party in a somewhat equal standing given all the other considerations implicit in a divorce.

If you are in need of a legal opinion from one of our Miami Oklahoma Property Division Attorneys, feel free to contact our office for a free consultation.

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