Debt Division: Divorce Attorney in Suffolk County
How Are Debts Divided in a Divorce?
The division of debt must be fair in a divorce, just like the equitable division of assets and property. The stress of debt division can make an already stressful situation more difficult. Dealing with a divorce is not easy, and having a Suffolk County divorce attorney to assist you with matters like this is crucial. It is vital that you have a competent lawyer on your side, protecting your rights and interests.
State laws require that the result of the division is an equitable division of both property and debt. This does not mean a 50/50 split, but a fair distribution, based on the specific case. If you are considering divorce and concerned about debt division, it is important that you get legal counsel early in the process.
Divorce Lawyer Serving all of Suffolk County
Frequently there are disputes on the subject of finances when a marriage comes to an end. Liabilities or assets incurred or acquired before marriage are pre-marital. Assets or liabilities that one acquired or incurred during marriage are considered to be marital liabilities and assets. Generally, a pre-marital asset will become a marital asset is if the other spouse had his or her name added to a property title or account, or the finances were blended in a variety of ways throughout the years of the marriage.
There are going to be different factors and variables involved in debt division. Some of these may be complex, so it is important to have an attorney who is experienced to assist you. At the office of Kuhn & Sandler, PLLC, we understand what it is like to go through a divorce and how stressful it can be. With over 40 years of combined experience, we are dedicated to ensuring our clients understand the law and ensuring that their rights are protected. We will aggressively pursue a favorable outcome with regard to debt division.
It is important to protect your rights during a divorce. Contact a Suffolk County divorce attorney for high quality legal counsel.