Asset Division Attorney Serving
Tulsa, Oklahoma

In Oklahoma, asset division follows the principle of equitable distribution. This approach ensures assets are divided fairly, though not necessarily in an equal 50/50 split. The court takes into account various factors to determine a fair division, including the duration of the marriage, each party's contributions (both financial and non-financial), and their future earning potential. 

Located in Tulsa, Oklahoma, our asset division attorney offers clear guidance and unwavering support for any family law matter. We believe in prioritizing the well-being of our clients and their families and strive to reach amicable resolutions whenever possible.

If a fair settlement cannot be reached outside of court, we are prepared to aggressively advocate for your rights and interests in front of a judge. 

With over 40 years of legal experience, our divorce lawyer has the knowledge and experience to handle even the most complex asset division cases. Contact The Alexander Law Firm today to schedule a free consultation to discuss your goals and concerns regarding asset division. We'll help you find your best path forward.  

Understanding Marital vs. Separate Property

Identifying marital and separate property is crucial, even in equitable distribution states like Oklahoma. Proper classification of assets ensures that only marital property is subject to division, while separate property remains with its original owner.  

Marital property typically includes assets acquired during the marriage, while separate property comprises those owned before the union or acquired individually through inheritance or gifts. Accurate identification and documentation of these distinctions help achieve a fair distribution and prevent disputes.  

Working with a knowledgeable attorney can further safeguard your interests by providing clear guidance throughout this process. 

The Importance of Evaluating and Valuing Assets

Properly valuing assets includes real estate, investments, retirement accounts, businesses, and other valuable items. Accurate valuation ensures fair division and prevents future disputes over misrepresented asset values. 

Our experienced divorce attorney has a network of skilled appraisers, accountants, and other financial experts who can help provide precise valuations of your assets. Working together helps us advocate for you and aim for a fair settlement that honors your marital contributions and secures your future. 

Potential Pitfalls During Asset Division  

While equitable distribution aims to provide a fair division, some common challenges can arise during asset division and potentially lead to an unequal distribution and legal battles. These include: 

• Hidden assets: Some spouses may attempt to conceal or undervalue assets in an effort to protect them from being divided. Working with an experienced attorney can help uncover any hidden assets and ensure they get factored into the overall settlement. 

• Debt allocation: In addition to dividing assets, marital debt must also be considered when determining a fair settlement. It's key to accurately identify and allocate any debt incurred during the marriage so that it doesn't unfairly burden one party. 

• Emotional attachment: Dividing assets can become emotionally charged, especially when it comes to sentimental items such as family heirlooms or mementos. It's important to approach these discussions with a level head and prioritize practical solutions over emotional attachments. 

Understanding the potential pitfalls and having the support of a skilled attorney can help you navigate the asset division process with confidence. Contact us today to schedule a free consultation and take a step toward achieving an equitable resolution to your divorce. 

Focused on Your Best Outcome

Financial stability after a divorce is imperative. Our asset division lawyer is dedicated to helping you achieve a settlement that supports your financial well-being now and in the future. Early on in your divorce case, we'll get to know you and your goals regarding the division of your property so we can tailor our approach to best suit your desires.  

Our reputation for providing thorough, ethical, and effective representation in asset division cases is built on our commitment to our clients' best interests. We understand the profound impact that an unfair distribution can have on your future, and we will work tirelessly to obtain results that honor your contributions and your needs.  

While many asset division cases can be resolved through negotiation and mediation, some cases may require litigation to reach a fair conclusion. Regardless of the path your case takes, our primary goal is to protect your interests and optimize your outcome. 

We will negotiate aggressively on your behalf, seeking collaborative solutions wherever possible to avoid the adversarial nature of court proceedings. However, if litigation becomes necessary, we are prepared to represent you vigorously in court, presenting a compelling case to safeguard your financial future. 

Asset Division FAQs

We want you to be as prepared as possible going into your divorce. Here are answers to some frequently asked questions we receive from our clients about asset division:  

How long does the asset division process typically take?

The asset division process duration can vary based on factors like financial complexity, cooperation between parties, and court involvement. In simpler cases where there's agreement, the process might be resolved quickly through negotiation or mediation.

However, if disputes lead to litigation, it can take months or years. Our goal is to ensure a fair and efficient resolution, always keeping your best interests in mind. 

Can I keep my retirement account during the asset division process?

Retirement accounts are often considered marital property if contributions were made during the marriage, making them subject to division. Legal mechanisms, like Qualified Domestic Relations Orders (QDROs), allow for fair division without penalties.

Our lawyer will collaborate with financial experts to ensure your retirement assets are accurately valued and fairly divided, securing your financial future.  

What happens to the family home during asset division?

The family home is often one of the most significant and emotionally charged assets in a divorce. During asset division, the court will consider factors such as the financial contributions of each spouse, the needs of any children involved, and each party's ability to maintain the home.  

Options for the family home may include one spouse buying out the other's interest, selling the home and dividing the proceeds, or, in some cases, granting exclusive use of the home to one spouse, typically the primary caregiver of any children.

Our attorney will work diligently to advocate for a solution that aligns with your interests and provides stability for you and your family. 

Asset Division Attorney in Tulsa, Oklahoma

If you are facing asset division issues in or near Tulsa, Oklahoma, reach out to The Alexander Law Firm. Our family law attorney is here to offer experienced and reliable legal guidance through each step of the process. Schedule a free consultation today to discuss how we can help you protect your rights, belongings, and best interests.