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
Steven P. Kuhn, Attorney at Law, we understand what it is like to go through a divorce and how stressful
it can be. With over 25 years of 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.