Complex Marital Property Division
Obviously, the division of your property that occurs during your Rhode Island divorce is very important in a number of ways. Items that you may have an emotional attachment to are being divided between you and your soon to be ex-spouse. Secondly, your share of assets that need to be divided will form the basis for establishing your own individual household and your life after your Rhode Island divorce.
Frank understands the difficulty and uncertainty that divorce presents. You deserve an attorney with the solid experience and skill necessary to guide you to success in the Rhode Island Family Court. Frank Flanagan is committed to helping our clients identify and achieve their goals. Let us help make sure your voice is heard.
Contact us today to schedule a free initial consultation.
Representing individuals throughout RI in the Rhode Island Family Courts
As a Rhode Island asset valuation lawyer, we pay special attention to two key components to the division of marital property when significant assets are involved:
- Determining the actual value of the individual assets
- Determining which assets are marital property and excluding your non-marital property
Details are important in your Rhode Island Divorce. Attorney Flanagan is a former Navy JAG officer and law professor at the Naval Justice School where he taught family law, trial advocacy and pension division. Attorney Flanagan has also taught as an adjunct professor at Salve Regina University in Rhode Island. We know you are concerned about whether you will lose everything you have worked for your entire life. We understand what is at stake if a nuanced and persuasive approach is not taken with your case. Let Attorney Flanagan put his decades of legal experience in the Rhode Island Family Courts to work for you.
Determining the Value of the Assets in Question
- Intellectual property
- Real estate (marital home, investment property, timeshares, family farms, vacation homes)
- Investment portfolios
- Luxury items (yachts, airplanes, helicopters)
- Pensions (military, federal, state, private)
- Determining if an Asset is Part of the Marital Estate
Generally, only property that was acquired during the marriage is to be divided in a Rhode Island divorce. This is straightforward in many instances, but for items such as inherited property, it can be more complicated. Inherited property is not considered as part of the marital estate and should not be divided. But, if the property is commingled, if it has been mixed into the pool of marital property in some fashion, it can then considered as part of the marital estate and may be divided.