Northwest Indiana Property Division Attorney
Lake County Marital Property Lawyer
During a divorce, division of property is often characterized as contentious, stressful, and combative. I view it differently. Instead, I try to make the marital property division process go as smoothly as possible. I value my clients tremendously and while I will seek their fair share, I also want them to be able to move on quickly with the next chapter in their lives.
Stephens Law Firm, P.C., is committed to divorce representation with individualized attention to client situations. I recognize that an in-depth understanding of Indiana divorce statutes and case law is important in effectively representing clients in all divorce matters. Contact your Lake County property division attorney to discuss your divorce case.
Knowledgeable Indiana Asset Division Lawyer
Under Indiana statutes, marital assets are presumed to be divided equally between parties unless the parties negotiate otherwise or the court determines that such a decision is inequitable. Anything considered marital property is part of this division. That is why you need a knowledgeable Northwest Indiana property division attorney to represent you and advocate for your fair share.
Marital property division encompasses both assets and debts/liabilities. It is important to understand that it may not matter whose “name” is on the asset or liability. Factors considered during property division include:
- Length of the marriage
- Education level of either party
- Working/income capabilities
- Disability of a spouse/child
The division of retirement accounts can be particularly complicated. Having Stephens Law Firm, P.C. represent you can be beneficial in that I will explain the process of dividing pensions, IRAs, 401(k)s and any other retirement plans. A spouse may be entitled to a portion of a pension, but it could be delayed until the other spouse receives it. This may necessitate a QDRO (Qualified Domestic Relations Order) to divide retirement assets. I can provide assistance with such an order.