Divorcing spouses must decide how to divvy up all of their assets and liabilities, from the family home to the credit card bills. If you and your spouse are unable to reach a property settlement on your own, the court will step in and make an “equitable” division of property.
Contrary to what many couples think, “equitable” means fair, but it does not necessarily translate into a 50/50 division. Rather, under Rhode Island law, judges are required to examine factors that include but are not limited to:
In addition to the above considerations, judges may also take into account any other factors that they deem just and proper. Therefore, even though Rhode Island is a no-fault divorce state, issues such as infidelity, domestic violence and drug or alcohol abuse may still come into play during your divorce proceedings.
Given the number of issues involved and the potential implications for your financial future, property division disputes can become contentious. A knowledgeable Rhode Island division of assets attorney can help reduce your stress by walking you through the process and working hard to divide your assets to your benefit.
No matter how complex your divorce case, Kirshenbaum Law Associates has the experience and dedication needed to help you protect and divide all types of assets.