Tulsa Asset Division Lawyer

One of the most contentious aspects of a divorce is property division. The court must divide their marital property according to state law, and this can raise all types of disputes. If you are planning to divorce, a Tulsa asset division lawyer from Bundy Law can help to ensure the fairest possible division of assets and guide you through these challenging proceedings.

Experienced Legal Counsel for Asset Division in Tulsa, OK

The family law attorneys at Bundy Law an unmatched level of legal representation for divorce and other family law matters in Tulsa. Aaron Bundy is the only attorney in Oklahoma licensed by the International Academy of Family Lawyers, meaning our firm is capable of handling cases that very few others can. We take time to learn as much as possible about every client, addressing their individual needs and concerns for their family court cases.

We have successfully resolved a wide range of cases involving complex asset divisions for clients in the Tulsa area. Whether you are a high-net-worth individual or you own complex assets, we can help you ensure the fairest possible division of assets in your divorce and will do everything we can to protect your future financial interests.

Understanding Property Division in a Tulsa Divorce

Property division is a necessary element of every divorce case. In Oklahoma, property division in a divorce is resolved using the equitable distribution rule. This means that the court wants to see the fairest possible division of assets. However, it does not mean each spouse should expect to receive exactly half of all their combined marital property.

Each spouse is allowed to keep separate property, which typically includes property they owned prior to the marriage as well as gifts and inheritance given specifically to them. Marital property includes anything the couple earned or acquired while married or anything obtained using jointly shared funds.

During equitable distribution proceedings, each spouse must submit a financial disclosure statement that includes all of their financial records. These statements must also include their claims on separate property, and these records must be reconciled in order for asset division to proceed. If the court resolves property division, the judge will want to see the fairest possible division of marital property.

If one spouse earns significantly more income than the other, they may receive less marital property to account for this discrepancy. Some marital assets can be divided, while others may need to be liquidated so the proceeds can be divided. For example, if a divorcing couple jointly owns a home, one spouse may secure full ownership rights, or the couple may sell the home and divide the proceeds.

How Your Tulsa Asset Division Lawyer Can Help

An experienced Tulsa asset division lawyer from Bundy Law can be a fantastic asset to your case in several ways:

• Your attorney can complete your financial disclosure for you, ensuring all relevant and required records and documentation are properly submitted.
• We can help with complex asset division. We regularly represent business owners, high-net-worth individuals, and clients who control complex investments and assets that may seem difficult to divide in divorce.
• Our firm can resolve spousal support disputes. Spousal support can come into play when one spouse earns substantially more income than the other and/or controls a greater share of separate property.
• We can prepare you for each stage of your proceedings. If possible, we can also help you take advantage of alternative dispute resolution.

These are just a few examples of how our firm can assist you with your case. We develop an individualized legal strategy for each client we represent and have successfully resolved many types of difficult asset division cases in the Tulsa family court. It’s important to connect with legal counsel you trust as quickly as possible, so reach out to Bundy Law at your first opportunity so we can start working on your case.

FAQs

Why Should I Hire a Tulsa Asset Division Lawyer?

You should hire a Tulsa asset division lawyer because both martial and separate property must be determined and valued. Your attorney can help you complete the financial disclosure process and identify any discrepancies between you and your spouse’s records. They can also help you make more informed decisions to protect your financial future following your divorce.

What Assets Are Kept Separate in a Divorce in Tulsa?

In a divorce in Tulsa, certain assets are kept separate, and these are designated as separate property that will not be subject to division under the equitable distribution rule. Separate property usually includes anything a spouse owned prior to their marriage, gifts given only to them, and inheritance left only to them. It is possible for certain separate assets to later qualify as marital assets under certain conditions.

What Happens if My Spouse Has Hidden Assets in Divorce?

It is crucial to have an experienced Tulsa asset division lawyer because identifying hidden assets requires careful investigation and thorough understanding of various financial documents. Uncovering hidden assets reveals the true financial picture and ensures a fair and equitable division of property. Your Tulsa asset division lawyer can help you determine whether your spouse has hidden assets and, if so, what you can do about it.

What Does It Cost to Hire a Tulsa Asset Division Lawyer?

The cost to hire a Tulsa asset division lawyer varies, as lawyers will charge different rates. However, beware of firms offering lower hourly rates – you often end up with higher total bills and a less favorable outcome that costs you more in the end. Take time to review the attorney’s billing policy before you agree to hire them. It is much better to pay $200 at an hourly rate of $1,000/hr than to pay $1,000 for a lawyer charging $200/hr.

The team at Bundy Law has successfully helped many past clients resolve asset division, and we have the skills and experience necessary to help you resolve a high-net-worth or complex asset division in your divorce. You have a limited time to prepare for your case, so contact us today and schedule a consultation with an experienced Tulsa asset division lawyer.