Facts: Judy inherited $2.5 million from her mother and deposited it in a separate bank account. Periodically she withdrew money which she deposited into the joint account to pay bills.
Our attorneys’ strong business background and our firm’s experience in handling intricate financial issues uniquely positions us to help you distribute assets fairly without impairing their value. It sounds simpler to divide property than draft custody arrangements, because most people think only of real estate property. They forget other assets such as cars, stock and investment accounts, and antique collections. Remembering key information about your assets, such as when an asset was acquired, helps to avoid the misclassification of separate property assets as marital property (which makes them subject to distribution).
When a divorce occurs, property is put into two categories: separate property and marital property.
You can be comfortable that our broad expertise and extensive experience working with these asset classes enable us to be strong negotiators on your behalf.
As your lawyers, we can help you avoid actions that could devalue or unduly tax your assets. We are skilled at working with you to determine how to divide your property fairly and with as minimal an overall financial impact as possible.
We seek to find the best solutions for clients who want to move on. Please contact our office to learn how we can help you move your life forward in the positive direction you are looking for.