Dividing Your Assets Is Not Always Black And White
After filing for divorce, one of the most complex issues you will need to resolve revolves around your property. These cases tend to get emotional, which is why it is important to have an attorney by your side who can provide you with reasonable options. Perry Law Firm, LLC, has worked with clients throughout Mississippi. With more than 15 years of experience, our founding lawyer, Jane Harris-Perry, takes the time to discuss your options in depth.
What’s The Difference Between Separate Property And Marital Property?
When you retain our services, you can rest assured that your concerns will be heard every step of the way. Dividing your property is not always easy. Using the law as a baseline, we can fight for what is most important to you. Before we dive in, there are some things that are helpful to know. First of all, anything acquired before your marriage is considered separate property. This belongs to you, and you alone. It is not subject to division. Marital property, on the other hand, is anything that you acquired during your marriage and is what has to be split.
While this may seem cut and dry, things can sometimes fall in the gray area. Say, for example, you purchased a home on your own. Your spouse moved in and over the last 10 years, you’ve put money into renovations. So who gets the house? This is where a knowledgeable family law attorney can step in. We can provide resolutions to the most complex situations. This includes all aspects of property division. We are an equitable distribution state. This means that a judge will not divide your assets in half. Instead, they will determine what is fair and assign value to certain things in order to make sure it is equal. Know that it is possible to reach your own terms, without having to go to court, if you are able to negotiate with the other party.
Call Today For Experienced Legal Counsel
As your representation, our job is to find you the best possible solution. We are compassionate yet aggressive and will do everything we can to help. If you are working through a dissolution of marriage and have questions about property division, don’t hesitate to get the assistance you deserve. Call our office in Gulfport to schedule a consultation today at 228-280-3413. You can also fill out our contact form online.