Portland Property Division Attorneys
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. At Levine Law Center, our property division attorneys in Portland handles asset 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.
How Is Property Divided in Oregon?
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.
What Counts as 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.
Who Gets the House in a Divorce in Oregon?
If the home is considered marital property and not one spouse’s separate property, the Oregon court may consider the following factors when determining who gets the house:
- the financial circumstances of each spouse;
- each spouse’s contributions to the property;
- the age and physical/mental health of both spouses;
- who has custody of minor children;
- each spouse’s employability; and
- the home’s value.
Call Our Portland Property Division Lawyer 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 with our Portland property division attorney.