Your Right Hand In Resolving Complex Property Division Issues
In a Nebraska divorce, the distribution of assets and debt between parties can become challenging, especially if emotions are allowed to flare. In some cases, one or both parties will try to seek retribution on the other in the form of a monetary penalty during their divorce’s property division process – which can also affect the determination of their spousal support.
If you are going through a similar experience, it is critical that you seek the counsel of a trusted Omaha property division attorney who can guide your decisions and advocate for you with confidence. As the founder and president of The Law Offices of James A. Adams, P.C., L.L.O., I have more than 30 years of experience that can aid with pursuing and protecting the best interests of husbands and fathers in Nebraska.
A Dedicated Property Division Attorney That Can Help Protect Your Assets And Limit Your Liabilities
In Nebraska, judges will attempt to distribute assets and debts equitably among parties but may not always split everything 50/50. As an aggressive property division attorney, I will use my skills to fight for your best interests, which include reasonable divisions of assets and liabilities based on fairness and principles of equity.
I am attorney James A. Adams, and I provide a wide variety of legal services for my clients, including:
- Evaluation of all marital property, including real estate, financial assets, personal property and debt
- Examination of all financial information of both parties, including gifts and inheritances
- Professional practice and business valuation
- Property appraisals
- Evaluation of retirement accounts
- Evaluation of financial investments and accounts
- Evaluation of tax consequences related to the distribution of various assets
- Separating out gifts and inheritances from the marital estate
I am prepared to oversee difficult issues such as hidden assets, commingled funds, tracing of funds, undisclosed debts, subpoenas for bank records and employment records concerning hidden funds and retirement accounts.
When you collaborate with me for your property division proceedings, I will ensure that I give my all to safeguard you from unfair property and debt distribution.
Common Questions About Property Division After A Divorce In Nebraska
Property division raises complex questions about what assets and debts get split during divorce. Here are answers to concerns we frequently hear from clients in Omaha and throughout Nebraska:
My wife and I have been discussing separation and divorce. Do I have to split my retirement account with her?
When you go through a divorce in Nebraska, any type of funds gained during your marriage will be considered marital property. However, any portion of retirement funds that you gained before your marriage began or after your marriage has ended will be yours to keep.
I just discovered that my wife has run up $15,000 in credit card debt behind my back. How will this debt be divided?
Since marital debt refers to any debt or loan gained by either party during their marriage, they will go through the standard equitable distribution process, with some exceptions. For example, your wife may have used her credit card to improve your family’s home. Since this purchase was for the benefit of the household, the court will consider this debt as marital debt.
On the other hand, if your wife used her personal credit card to buy a luxury bag for herself, the court may consider this debt as a separate debt.
I owned our house before we got married. How does divorce affect the split of home equity?
While you may have owned your house before your marriage, there are several variables that can make its property division process complex. For example, if you added your spouse’s name on the deed after getting married to her, this will turn your nonmarital asset into a marital asset.
How will divorce affect my business? Will I have to share it with my wife?
If your business was built during the marriage and was managed by both you and your spouse, then yes, they will have equal rights over this property during your divorce proceedings. To divide a business fairly, you will both need to seek the help of financial appraisers who can determine the real market value of your business.
If my wife is responsible for the breakdown of our marriage, will the court award her less property?
The court’s decision on your property division will be based on equitable distribution principles and other factors. While your wife may have been responsible for the breakdown of your marriage, it will not result in her getting less property than you.
I’m worried my wife will be awarded the bulk of our property. What strategies will help me remain financially secure during and after our divorce?
Navigating divorce is a complex process. However, there are steps that can help safeguard your assets and provide you with financial security. You may create prenuptial and/or postnuptial agreements together that can help outline how your assets and debts are managed in the event of your divorce.
Consult With An Experienced Property Division Law Firm Now
To schedule a meeting with me, you can reach my Omaha office toll-free at 800-561-9043 or send me an email inquiry online so that I can get in touch with you as soon as possible.
