If you are planning to get a divorce, property division is one of the most important issues that must be resolved. But unlike orders for alimony, child custody or child support, a ruling on property division is usually not something you can modify at a later date. That means you’ve got one chance to secure a fair settlement or court decision. The divorce lawyers at Butler & Flynn, PLLC are determined to do just that. We take meticulous care to get the details right and to alert the court to any facts that support your case for the property you deserve. To get you started, we offer this brief list of answers to questions our clients often ask:
When you’re ready for answers specific to your situation, our seasoned attorneys are here to help.
Butler & Flynn, PLLC fights for the property rights of our clients in divorce proceedings throughout Oklahoma. To make an appointment for a free consultation, please call 405-416-2711 or contact us online. We are located in Oklahoma City near the Quail Springs Mall.
What is considered marital property in Oklahoma?
Marital property comprises all assets and debt acquired during the marriage with a few exceptions, such as:
Many clients do not realize that debt is treated as property, subject to the same distribution rules as your assets during a divorce.
What are the essential stages in the asset division process?
There are three main stages in the equitable distribution process:
Disputes can arise at any of these stages, which is why you need an experienced asset division lawyer guiding you through the process.
What are some of the factors courts consider when dividing marital property?
A court can consider any relevant fact when deciding how much property to award each spouse. Important factors typically include:
Often, the most valuable asset is the family home. If there are children of the marriage, the court takes custody arrangements into account and weighs the importance of having the children continuing to reside in their home. The court treats possession of the home and ownership as separate matters.
What is commingling and how does it affect asset division?
Commingling of property occurs when parties treat their separate assets and debt as though they were marital property. Commingling can cause confusion in the first stage of the process and can result in formerly separate items being treated as marital property.