New Hampshire Asset and Debt Distribution Attorney Robert H. Prince takes care to provide his clients with high-quality services personalized for their unique needs. He is available for professional, courteous, and efficient consultation, Monday through Saturday.
New Hampshire Asset and Debt Distribution Attorney
Divorces can be messy affairs, especially when the separating couple is unaware of how assets, debts, and property may be divided and distributed following the divorce. If you plan on getting divorced in New Hampshire, knowing this information can help protect you from being financially sucker-punched.
Furthermore, with the aid of an experienced New Hampshire asset and debt distribution attorney, you can use the professional services of legal counsel to understand how the property may be divided in the court’s perspective. By understanding this information, attorney Robert H. Prince can help you prepare and litigate a case regarding how certain financial assets and debts should be distributed.
Overview of Property Division in New Hampshire
New Hampshire is known as an “equitable distribution” state. This essentially means that the courts won’t force a 50-50 split. Instead, you and your ex-spouse (or soon-to-be ex) will have several opportunities during the divorce to agree upon how you will split certain assets and debts. Therefore, if your spouse decides to keep the motorcycle while you get to keep a higher percentage from the sale of the house, then the couple will need to file a proposed property settlement to the court. If there are no concerns with the property settlement and both parties agree, then the court may accept the provisions.
How an NH Divorce Attorney Can Help
Keep in mind that a New Hampshire attorney experienced in property division can be fundamental when looking through your assets and debts and determining the best ways to split them. For example, some attractive acquisitions or exchanges might not be so beneficial in the long-term, and there may be the possibility that your ex-spouse knows this and is trying to optimize his/her benefit on your behalf.
Furthermore, it is important to note that the courts do have a substantial amount of power in these matters. For example, New Hampshire considers ALL property, regardless of when or how it was obtained, to be marital property that is subject to equal division. This includes real property, jewelry, income, retirement benefits, and debts.
If aspects of the equitable division seem “sketchy,” it is important to litigate these issues clearly and concisely. For example, if your spouse built substantial credit card debt while carrying on an affair, then you need to show the court that your spouse should pay for these debts. The court also considers a myriad of factors when dividing property, assets, and debts. The goal of the court’s objective analysis is to, hopefully, protect litigants from unfair divisions.
Get Leading Legal Counsel With Family Law Attorney Robert Prince
There are many specific factors to consider when dividing property, such as the length of the marriage, age and socio-economic status, opportunities to acquire future income or capital assets, the value of property that is allocated by a prenuptial agreement, and many others. Due to the complexities of asset and debt distribution following a divorce, you’ll need a keen and diligent lawyer who can provide you with reasonable expectations, issues that may come up in family law courts, or problems with the division that you may have overlooked. More importantly, if problems do come up, or if you feel that some matters of the division are not fair, a prominent family law attorney can help present your concerns to the court in a clear and impactful manner.
At the Law Office of Robert H. Prince, we have successfully helped many clients avoid an unfair and ruinous asset and debt distribution following a divorce. To speak with founding attorney Robert H. Prince today about your upcoming divorce (or if you feel the current divorce proceedings are not going as you would like), you can call our New Hampshire law office today at (603) 401-0409 for a free case evaluation.