fbpx

Omaha Property Division Attorney

Omaha Property Division Attorney

Omaha Property Division Lawyer

Property division is not always the most emotionally intense part of a divorce, as that usually belongs to something like child custody. However, property division is no less complex. The laws on property division in Nebraska set up a situation where both sides are not likely to agree on the distribution of property. What you will need to ensure that you get a fair chance at the distribution you’re seeking is someone who understands what the courts expect to see and is able to advocate for your position. That’s exactly what the lawyers at Stange Law Firm do for their clients.

Equitable Distribution

Nebraska is an equitable distribution state. This does not mean that property will be split equally or in a 50/50 dynamic. What it means is that the property must be divided in a way that is fair. A fair distribution is determined based on a number of different factors that are meant to present a whole picture of the marriage. It’s also supposed to capture the contributions of both parties to the marriage.

The property division is something that can be negotiated between the two parties, although it will need to be approved by the court. The court is likely to accept something that is agreed upon by both parties. However, they will involve themselves if there is something egregious about the agreement (this agreement can also be used to negotiate things like child custody, child support, and alimony). Of course, there is probably going to be some level of disagreement about what is equitable and who contributed what to the marriage. One of the things that working with a divorce lawyer can do is help keep the negotiations from getting too contentious while setting reasonable expectations for all parties.

Distribution Factors

There are a number of different factors that may be considered when attempting to determine an equitable distribution of property. Some of these include:

  • Income and Earning Capacity – The court will consider each spouse’s current income along with factors that affect future income, such as age, health, and education. The spouse with lower income possibilities may receive more of the property.
  • Custody of Children – Depending on how custody is arranged, the spouse with more custodial involvement may receive a larger portion of the property to provide for the children and maintain some continuity for them.
  • Educational Contributions – If one spouse contributed to another’s education, that spouse may receive a greater percentage of the property.
  • Non-Monetary Contributions – The judge may consider the contributions of the stay-at-home spouse for things like taking care of children, household chores, cooking, homemaking, and supporting the professional endeavors of the other spouse.
  • Misconduct – If one spouse mistreated or harmed the other, including something like domestic violence, that may also be considered in how the property is divided.

Marital Property

An important part of the property division process is determining what property belongs to whom. Marital property is what will be divided equitably among the two parties. Roughly, marital property is limited to the property that was obtained during the marriage. Property that was owned before the marriage will generally be considered non-marital property. Things like an inheritance or a gift could also count as non-marital property. Profit earned from non-marital property or increases in the value of non-marital property will also not be divided, so long as it has been kept in only one party’s name. Debts will also be handled in a similar fashion.

Prenuptial Agreement

If you have a prenuptial agreement, that is considered a binding legal contract. For property division, what is in the prenuptial agreement will likely take precedence over Nebraska’s property division law. The agreement may also cover things like how the finances will be handled after a divorce. It’s very rare for a prenuptial agreement to be overridden.

Enforcement

Once the court issues an order on the property division, even if it is simply approving the agreement that you already made, then it is a binding legal obligation. Both parties are required to abide by what has been ordered. Anyone not following the orders can be found to be in contempt of court. If this is happening, a lawyer can help you consider your options.

How a Lawyer Can Help

The property division process can seem simple, but it can rather quickly become a complex process. Emotions can start to get involved, and that takes an already messy process and makes it messier. Lawyers can help mitigate much of the tension, stress, and confusion around property division. Much of the conflict can come from determining what is and isn’t marital property, and lawyers can help identify what property belongs in which categories. Additionally, when it comes time to negotiate, the buffer of a lawyer can help mitigate the conflict. A lawyer can also help you understand where you may have to make concessions and where you can be more assertive about what you want from the agreement. If necessary, a lawyer can also be ready to represent your interests in court.

Get Help With Property Division and Your Divorce

Property division in Omaha and all of Nebraska can be a difficult issue to manage. Being a state that doesn’t have a 50/50 division of property, but rather equitable distribution, creates a lot of concerns. For instance, what’s equitable in the eyes of one person may not be in the eyes of another. This means that you must be able to make a strong argument for what you see as equitable. You’ll also need to understand what are the most important elements of property division for you and what elements are of lesser concern.

At Stange Law Firm, we can help you understand these dynamics. We can ask the questions that can help us learn what you’re seeking in a property division agreement. We can help put that issue in context with the whole divorce agreement. Most importantly, we can help negotiate for what you’re seeking or even make the case in court if it comes to that. If you need help with property division and divorce, contact us today.

Douglas County (Omaha), Nebraska Office (402-509-1801): 9202 W. Dodge Rd., Suite 302, Omaha, Nebraska 68114

ABOUT

Helpful Information Regarding Property and Debt Division From our Webpage

We also have pages on numerous other topics related to property and debt division from our webpage, including the pages below and on our menu:
High Asset Divorce
If you are considering divorce and have a high net worth, it's important that you have legal counsel in your corner. It is also vital that you have an attorney that is diligent on your behalf.
Divorce Financial Planning
If you will be going through a divorce, conducting divorce financial planning can be critical to ensuring that you can move on with your life on sound financial footing.
Commingling Assets
In many divorce, parties own some assets prior to marriage and then buy additional assets after marriage. Often, these assets can end up being mixed together (or commingled). If this has happened in your case, it is important to work a diligent lawyer.
Transmutation
In some cases, a party might own certain property or assets prior to marriage. After marriage, the assets might become re-titled in joint names, which can result in the assets being transmuted into marital property. Our lawyers can help you if this is what has happened in your case.
Complex Property Distribution
In many high asset divorces, property distribution can be complex and complicated. Our attorneys can help you with difficult property distribution.
The Marital Home
The martial home can often be one of the most prized marital assets in a divorce. The marital residence can also be important as it relates to stability for children in divorce. Our lawyers can assist if this is the case for you.
Real Estate Appraisers
When residential or commercial property is owned in a divorce, ensuring that this property is properly valuated by a real estate appraisal can be critical in many cases. Our lawyer can help ensure you are refered to a competent real estate appraisal.
Trusts
Many parties have either created trusts for their family, or stand to inherit funds through a trust outside of the probate court. In many cases, this can be an important issue in a divorce in which our lawyers can help.
Inheritance
In many divorces, parties have either inherited, or stand to inherit, sums of money from their parents or other relatives. This can be a contentious issue in some cases in which our lawyers can help.
Investment Accounts
In many marriages, parties can have investments accounts where they are saving money in the hopes that they can have a better life, save for their retirement and have assets in which to provide their children and grandchildren. When a divorce takes place, it's vital that these assets be appropriately accounted for in the property division phase of a divorce.
Stocks and Bonds
Many married couples also have significant sums in stocks and bonds. It's vital to work with an attorney to have an accounting of what is out there and to ensure it is properly addressed in family court.
Life Insurance
Term life and whole life insurance policies are commonly held by parties in a marriage. When parties divorce, these life insurance policies can become critically important in terms of the possession of the policies, the beneficiaries that remain on them and who is to make the payments and/or have possession of the cash value in instance of whole life insurance.
Appreciation of Separate Property
In some dissolution of marriages, parties owned and possessed separate property prior to marriage. During the marriage, these assets can often increase in value due, in part, to the contribution of the other spouse. Our lawyers can help individuals in these instances.
Marital Debt
In many cases, debt can be a real problem as it relates to property distribution, albeit through support or marital debt. If that is the case in your divorce, our lawyers can assist.
Jumbo Mortgages
Jumbo mortgages can be an issue in some divorces. If this is the case for you, you can talk to our lawyers.
Property Issues for Unmarried Couples
For many unmarried couples, they can accumulate property and debt. When they separate, the property and debt they own together can become a contentious issue. Our lawyers can often help if this is the case through a partition action.
Quit Claim Deed
Some people wonder how to transfer title out of joint names after a divorce. Our lawyers can help explain how a Quit Claim Deed works.
Refinance
Many are not sure as well how to get a mortgage out of the names of both spouses after divorce. Find out more about refinance and divorce.
Gift Affidavits
Parties oftentimes have to transfer title to their vehicles as part of a divorce. Find out more about how gift affidavits work.
Commissioner to Sell Real Estate
Some divorcing parties are unable to work together to sell their real estate as part of the divorce. You might be interested in knowing more about the possibility of a Commissioner being appointed.
SLF Icon
Serving the St. Louis Metropolitan Area, Kansas City, Columbia, Springfield, Wichita, Topeka, Tulsa and Beyond in Missouri, Illinois, Kansas and Oklahoma

From our webpage, you can also read articles about family law, view informational videos, seminar videos, listen to our podcast, download our mobile application or view support calculators for MissouriIllinois and Kansas.

If you are looking to find and hire a child custody lawyer, contact us online or by phone to schedule a consultation at any of our convenient locations.

book-prenup-1

Prenuptial Agreements Line by Line

Aspatore Books from Thomson Reuters Westlaw
book-military-1

Strategies For Family Law Illinois

Aspatore Books from Thomson Reuters Westlaw
book-family-1

Strategies For Military Family Law

Aspatore Books from Thomson Reuters Westlaw

Protect Yourself By Understanding Your Options and Knowing Your Rights

GET HELP NOW

SLF Icon

MAIN OFFICE LOCATION

Stange Law Firm, PC

120 S. Central Avenue, Suite 450

St. Louis (Clayton), Missouri 63105

Toll Free: 855-805-0595
Fax: 314-963-9191
Group 144

DIVORCE HEADQUATERS APP

Contact Our Team

  • This field is for validation purposes and should be left unchanged.

Family Law Legal Services At Your Fingertips

FEATURED ARTICLES FROM THE STANGE LAW TEAM

When you choose us, you don’t have to sacrifice quality or service. You get the resources of a large divorce and family law firm AND the attentive service of a local attorney.