Maine Complex Property Division Attorneys

Complex Property Division Lawyers in Maine

Divorce is generally a heated and complicated matter. You and your soon to be ex-spouse need to determine how you will split the life you created together or let a judge decide for you. If you have minor children, custody and visitation will need to be worked out. If one spouse makes significantly less than the other or has been a homemaker, there will likely be a need to determine spousal support. A divorce also calls for the division of property. By hiring a Maine family law attorney to represent you in your divorce, you can be assured that everything possible is being done to make sure your assets are fairly divided under Maine’s divorce laws. 

Options for Settling the Division of Property

Keep in mind that if you take your divorce matters before the court, you are giving up any control you had when it was just between you and your spouse. Because of this, many couples seeking a divorce involving complex property will opt for some type of alternative dispute resolution. This could involve their Maine family law attorneys and possibly even a mediator. By not asking the court to decide, both spouses have more control and possibly a better chance of getting at least some of what they ask for. Whether you attempt an alternate dispute resolution or decide to go before a judge, having the right attorney can make a substantial difference in the outcome of your property and assets. 

Steps to Take for a Divorce Involving Complex Property Division

When you hire a seasoned lawyer, they can direct you as to the steps you can take that will benefit your case. In general, the first thing you will want to do is inventory all of your assets and debts. This includes marital property and separate property. If you or your spouse never mixed separate assets with marital ones, this will be an essential factor. When it comes to debts, if your spouse incurred expensive credit card bills, you might want to gather statements or receipts that can prove this. For debts that are still being paid off, such as a home or vehicle, they will become the responsibility of the spouse getting that property. Be sure to include the following assets in your inventory:

• Unique personal assets, such as jewelry, artwork, cars
• Real estate holdings including marital homes, vacation homes, investment properties
• Investment portfolios
• Retirement accounts such as 401ks and IRAs
• Stock options, related employment positions, business interests

Next, think about what you might be willing to compromise to get what you want. After taking inventory, you will have a clearer picture of what you are working with. It can be difficult but try to remove your emotions from your decisions. Let go of the emotional value you have placed on specific items and consider what the court may say about who should get them. It may be necessary to involve a mediator in addition to your attorney, who can show you both what is realistic for property division and Maine laws and courts. 

Complex Property Divorce Lawyers You Can Trust

We are here to protect the life you have built and what you have earned. Our goal is to make sure it is divided fairly and to ensure you and your family are adequately provided for in the future. If you have questions or concerns about complex property division in a divorce, the Maine Divorce Group is here to help. Schedule a consultation with one of our lawyers today by contacting us.