West Des Moines Property Division Lawyer
Family Law Attorneys Handling Property Division & Divorce in Greater Des Moines area
Dividing assets can be complex, time-consuming, and costly, especially for high-net-worth individuals. At The Law Offices of Mark R. Hinshaw, our West Des Moines property division attorneys understand the unique challenges involved in a divorce.
Located in West Des Moines, we provide clients with the smart, effective representation they need to protect their financial interests during divorce.
Reach out to our West Des Moines property division lawyers at (515) 200-7571 or connect with us online. Let us help you achieve a fair resolution!
Understanding Property Division in West Des Moines
In Iowa, property division is governed by the principle of equitable distribution. This means that assets acquired during the marriage are divided fairly, but not necessarily equally. For this reason, understanding what constitutes marital property versus separate property is crucial.
Marital property includes any assets or debts accumulated during the marriage, while separate property consists of assets owned before the marriage or received as gifts or inheritances. In a property division process, marital property is usually the one that will be divided after the divorce.
Types of Property Involved in the Legal Division
Property division involves a wide range of assets, including:
- Real Estate: Homes, vacation properties, and any other real estate holdings.
- Financial Accounts: Bank accounts, retirement funds, and investment portfolios.
- Personal Property: Furniture, vehicles, artwork, and other personal belongings.
- Debts: Mortgages, credit card debts, and loans incurred during the marriage.
Our West Des Moines property division attorney will help you identify and categorize all assets and liabilities, ensuring a thorough evaluation of your financial situation.
The Process of Property Division in Iowa
The property division process typically begins with full disclosure. Both parties are required to provide a complete account of their assets and debts. This transparency is vital for making informed decisions about what constitutes a fair distribution.
After the disclosure, negotiations can commence. Whether through direct discussions or mediation, the goal is to reach an agreement that satisfies both parties. If negotiations fail, litigation may become necessary. Our team is equipped to represent your interests in court, advocating for a just outcome based on the circumstances of your case.
Factors Influencing Property Division in Iowa
Several factors can influence how property is divided, including:
- Duration of the Marriage: Longer marriages may result in a more equal division of assets.
- Contributions to the Marriage: Both financial and non-financial contributions, such as homemaking and child-rearing, are considered.
- Future Needs: Considerations may include the needs of children or a spouse’s financial stability after divorce.
- Behavior During Marriage: Any misconduct, such as infidelity or wasteful spending, may impact asset division.
Our West Des Moines-based firm will carefully assess these factors to build a compelling case that reflects your needs and entitlements. Call at (515) 200-7571 or contact us online to discuss your case!
Property Division in A High-Asset Divorce
When a marriage ends, assets must be divided between the spouses. When complex, high-value assets - such as closely held businesses, income-producing properties, sophisticated investment portfolios and family legacy properties - are involved, the property division process can become complex.
Before developing a property division plan, each asset must be accurately valued. At The Law Offices of Mark R. Hinshaw, we have the capability to do sophisticated property and business valuation, cash flow analysis and property appraisal in-house.
Once we have classified and valued each property, we build property division strategies that protect our clients' financial interests and help ensure their wealth remains intact. Our lawyers also consider the future income-producing abilities and tax implications of each property to ensure our clients' long-term financial interests are protected.
Why The Law Offices of Mark R. Hinshaw
Choosing The Law Offices of Mark R. Hinshaw means partnering with a dedicated team that prioritizes your best interests during challenging property division matters.
We can provide:
- Focused Expertise: Our West Des Moines property division attorneys specialize in property division and divorce, ensuring you receive knowledgeable guidance tailored to your specific needs.
- Comprehensive Assessment: We conduct thorough evaluations of all assets and debts, providing clarity and transparency in the property division process.
- Realistic Solutions: Emotions can cloud judgment during divorce; we help clients find practical solutions that align with their best interests.
- Skilled Negotiators: Leveraging strong negotiation skills, we aim to achieve favorable settlements without the stress and costs of litigation.
- Aggressive Litigators: When necessary, our team is prepared to advocate fiercely for your rights in court, treating every case with the seriousness it deserves.
- Commitment to Preparation: Every case is prepared as if it will go to trial, ensuring we are ready to secure the best outcomes for our clients.
Contact Us Now - (515) 200-7571
Our attorneys thoroughly examine our clients' and their spouses' financial and property holdings to ensure all marital property has been identified. If we suspect assets are being withheld, we will enlist the help of financial experts - such as forensic accountants, CPAs and other professionals - to investigate and uncover hidden assets.
For assistance with business valuation and complex property division, contact us to reach our West Des Moines high-asset property division attorneys at (515) 200-7571. Consultations are free.
