Property Division & Divorce
Choose Our Skilled Portland Asset Division Lawyers
Different types of property and assets may be acquired during a marriage, which can present a problem when it must be divided during a divorce. Levine Law Center handles property division and all divorce-related matters for clients across the greater Portland area, utilizing our family law experience to protect our clients’ interests in these complex proceedings. From a typical divorce for a middle-class family to a complicated and contested divorce involving a family-owned business or high-net-worth individual, our attorneys deliver personalized service and competent legal counsel.
What Is Equitable Distribution?
In Oregon, marital property is subject to equitable distribution in a divorce. This means that eligible property will be divided fairly, and this is not necessarily a 50/50 split. Numerous factors must be considered, such as who will keep the family home, who has acquired more debt, who has made non-economic contributions to the marriage, and who has a higher income or earning capacity.
The property division process typically involves the following steps:
- Gathering and inventorying all applicable property;
- Determining what is marital property and what is separate property; and
- The equitable division and distribution of marital property.
Generally speaking, marital property includes all assets acquired during a marriage, such as personal property, motor vehicles, bank accounts, investment accounts, and real estate. Separate property includes assets or items brought into a marriage by each party, and may also apply to gifts and inheritances, even if they were received during a marriage.
Call an Attorney at (503) 433-8340
Having a Portland property division attorney accurately present your assets and protect your interests can make all the difference as you go through your divorce. When you work with our team at Levine Law Center, we will take care to protect your property so you can face a more stable future.
Contact us today for a confidential consultation and assessment of your case.