Rhode Island Marital Property Division Lawyer – Representing Individuals Throughout Rhode Island in the Rhode Island Family Courts (401) 849-3337
Rhode Island Asset Valuation Lawyer
Obviously the division of your property that occurs during your Rhode Island divorce is very important in a number of ways. Items that you may have an emotional attachment to are being divided between you and your soon to be ex-spouse. Secondly, your share of assets that need to be divided will form the basis for establishing your own individual household and your life after your Rhode Island divorce.
There are two key components to the division of marital property when significant assets are involved:
- Determining the actual value of the individual assets
- Determining which assets are marital property and excluding your non-marital property
At Flanagan Law Offices, LLC, our Rhode Island marital property division attorney has decades of legal practice experience and is capable of accurately addressing those questions. Details are important in your Rhode Island Divorce. Attorney Flanagan is a former Navy JAG officer and law professor at the Naval Justice School where he taught family law, trial advocacy and pension division. Please note, Attorney Flanagan is also an adjunct professor at Salve Regina University in Rhode Island. He knows you are concerned about whether you will lose everything you have worked for your entire life. We understand what is at stake if a nuanced and persuasive approach is not taken with your case. Let Attorney Flanagan put his decades of experience in the Rhode Island Family Courts to work for you.
Determining the Value of the Assets in Question
Determining the actual value of significant assets often calls for the expertise of appraisers, actuaries and financial professionals. We have extensive experience working hand-in-hand with the necessary professionals to establish the proper value of:
- Intellectual property
- Real estate (marital home, investment property, timeshares, family farms, vacation homes)
- Investment portfolios
- Luxury items (yachts, airplanes, helicopters)
- Pensions (military, federal, state, private)
- Determining if an Asset is Part of the Marital Estate
Generally, only property that was acquired during the marriage is to be divided in a Rhode Island divorce. This is straightforward in many instances, but for items such as inherited property, it can be more complicated. Inherited property is not considered as part of the marital estate and should not be divided. But, if the property is commingled, if it has been mixed into the pool of marital property in some fashion, it can then considered as part of the marital estate and may be divided.
With our skill and experience, we can determine the correct value of your assets and whether or not they are marital property. Call 401-849-3337 or simply contact us online to schedule your free initial consultation.