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 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 divorce.
Rhode Island marital property division Attorney Frank Flanagan has decades of legal practice experience and is capable of accurately addressing those questions.
Attorney Flanagan 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. Attorney Flanagan is committed to helping his clients identify and achieve their goals. Let us help make sure your voice is heard.
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 non-marital property
Details are important in your 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 Newport, 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.
Determining the Value of the Assets in Question
Determining the actual value of significant assets often calls for the expertise of appraisers, actuaries and financial professionals. We have extensive experience working hand-in-hand with the necessary professionals to establish the proper value of:
- 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 or 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.