Mississippi judges take several factors into account when dividing marital property. It is crucial to know these factors and your legal rights before entering into any marital property division negotiation or dispute. It is also vital to partner with a property division attorney who can professionally represent you and your property division interests and goals. Speak with Haug, Farrar & Franco, PLLC’s Mississippi property division attorneys today by calling (228) 872-8752.
At Haug, Farrar & Franco, PLLC, our property division attorneys will work tirelessly to achieve the best possible results in your property division case. Our attorneys are:
Contact Haug, Farrar & Franco, PLLC today to schedule a complimentary consultation, and to have your property division questions and concerns addressed by one of our attorneys.
Before making any decisions regarding property division in your divorce, contact the experienced property division attorneys at Haug, Farrar & Franco, PLLC. Our property division attorneys can help you do the following, and more:
Our attorneys can also discuss the division of marital debts, alimony, child custody, and support, or any other divorce issue with you at your first appointment. Let our property division attorneys advise you of your best legal options while protecting your interests and ensuring you receive your just share of the marital property.
There are two types of property within a marriage: marital property and separate property. Marital property is all of the property a couple accumulates during their marriage. Separate property is property one spouse brings into the marriage or acquires by gift or inheritance.
Generally, separate property is excluded from any marital property division. However, the property sometimes gets commingled or mixed together, making it difficult to determine whether that property is marital or separate. If spouses cannot agree on the division or are unable to settle their own property disputes, the judge will decide on their behalf.
Prenuptial agreements may make property division easier when they specify which property is separate versus marital.
Once a property is determined to be marital, a dollar amount is assigned to that property. For some assets, specialists and professional appraisers need to be retained for an assessment. Retirement accounts often require a C.P.A. or actuary to value correctly.
Spouses typically divide assets in one of three ways. These are as follows:
Though most couples do not choose to own property together, they may keep the marital home or investment property for rearing children or in the hopes of selling later at a profit.
Courts look to a list of factors when dividing marital property, including, but not limited to:
There may be tax ramifications to a couple’s or the court’s property division. It is wise to speak with a seasoned property division attorney at Haug, Farrar & Franco, PLLC about your taxes prior to making any property division arrangements with your spouse.
At Haug, Farrar & Franco, PLLC, we help clients assert their rights and interests in marital property. Whether your case is resolved in trial, settlement, or mediation, we will strive to ensure any marital assets are protected and distributed fairly. Contact us today to schedule your free case consultation.