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Who will get the house in Millard? Concerned about your wealth and property during divorce in Nebraska? The Omaha divorce lawyers at Vacanti Shattuck Finocchiaro Attorneys can help you protect your rights and interests.
Of the forty thousand or so households in Millard, 75% are occupied by married couples. This is staggeringly high compared to the less than 50% average of the greater Omaha area, and is emblematic of the kind of suburban family life, complete with a home to call their own, that most Nebraska families hope to build.
For some, however, this dream will not be sustainable, and when the marriage it is built on falls apart, a divorce may be the only path forward. Unfortunately, that family home, as well as any other property you own, can quickly turn a Nebraska divorce into a nightmare during the division of assets. For while the court requires an equitable distribution, any division can quickly become or feel unfair.
To protect your wealth and property during this crucial step of the divorce, you will want to follow the advice of experienced Omaha divorce lawyers at Vacanti Shattuck Finocchiaro Attorneys. Here you can find some tips for protecting your assets ahead of divorce, as well as an explanation of why it is so important to do so. But if your divorce has already begun, or you are running out of time to prepare, there is no substitute for calling and securing a consultation to get them on your side.
Before you even get to the legal complications of dividing up property during divorce, you have to deal with the emotional toll it can take to fight over, or surrender, a family home. This might not be as difficult for an apartment in Omaha, but a household you’ve lived in or raised kids in is a whole different story. This can make it very difficult for spouses to think rationally about the division of assets and lead them down a path of conflict or toward grave mistakes.
Beyond that particular minefield, however, you can run into other practical and legal considerations. Even if you agree on who should keep the home, the spouse who does will need to pay the spouse who doesn't for their share of its value to keep the division equitable.
But what happens when that home was bought before the marriage? Things get even more complicated. If one partner bought it and paid it off before getting married, it might be entirely theirs, but if they paid off a mortgage on it (even a second one) with common “marital” funds, then the spouse would deserve a share of its value.
A home in Millard is just the easiest example, and the one most families will have to deal with. These same principles and sources of complication apply to other assets and properties, including businesses. Which is why it is so important to take steps before and during the marriage to protect your assets and wealth.
Every divorce comes with some loss, but if you want to avoid losing anything more than you have to, including a home you already own in Millard, you can take the following steps to protect your assets with the help of a skilled divorce lawyer.
Prenups are perhaps the most famous (or infamous) method for protecting your assets, wealth and property. By entering into an agreement before the marriage even starts with your future spouse, you can determine in advance what assets will be divided and how the marriage should end in a divorce.
During the division of assets, there will often be questions about who paid for what, especially when it comes to crucial investments like mortgage payments or business investments. The more careful you are about keeping funds separate and keeping detailed records of accounts and payments, the easier it will be for divorce lawyers and financial experts to defend your ownership of the property in question.
If you and your spouse cannot come to an agreement cooperatively (with or without the help of lawyers) on who should get what share of which properties and other assets, you might find yourself fighting over it in court. This can be a particularly lengthy and brutal process, as it could take months or even years to reach a solution. Months of expensive litigation with lawyer fees, expert fees, court fees and more, which can quickly reach or even surpass the value of the asset you are fighting over in the first place.
Reaching a cooperative agreement will almost always cost you less in the long run, though doing so might certainly involve the help of a skilled lawyer. Steps like mediation or even arbitration can provide a less costly path than court towards a cooperative divorce agreement, though neither process is free.
Vacanti Shattuck Finocchiaro Attorneys | Protecting What Matters Most During Your Divorce
Property is only one of the many factors that can complicate your divorce in Nebraska. If you have minor children, you can also add custody conflicts, visitation schedules, and parenting agreements to the list. For many families in Millard, both concerns will be on the table, which is why it is crucial to consult with divorce lawyers who have experience handling both.
Here at Vacanti Shattuck Finocchiaro Attorneys in Omaha, we do just that. Our team of dedicated divorce lawyers has extensive experience in custody battles and a deep understanding of the complexities of business and property asset division.
To get started with a consultation, call (402) 345-7600 or reach out to our team online. We will help you get through this divorce while protecting what matters most to you.
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