What You Need To Know About Property Settlement Agreements
Other than children’s issues, property division is often the most contentious issue in a divorce. To protect your property rights and make sure you receive a fair property settlement, it is crucial to understand your rights. The first step is getting in touch with an experienced family law attorney who will fight for you.
I’m Gene Barton, the “Bulldog of Mississippi.” I have been fighting for my clients for more than 42 years and focus on obtaining the best possible outcomes for men and women in Chickasaw County and surrounding areas. You can rely on me for personalized service focused on your unique needs and goals.
Dividing Assets In Mississippi
In our state, marital assets are defined as property accumulated during the marriage. Marital assets are to be distributed fairly based on the contribution to the marriage. There are exceptions to marital assets, such as inheritance, that are not subjected to division.
Mississippi is not a community property state. This means the courts will look at what you contributed to the marriage when deciding how to divide marital assets. Your contribution will be judged based on more than what you brought to the marriage financially. For example, taking care of children and managing the home is viewed as a contribution.
In addition to marital assets, it is important to realize that marital debts are also subject to division. This is an important point for couples who carry significant credit card debt, mortgage debt, medical debt and other debt. In military divorces, retirement benefits are also subject to division.
Whether your property settlement can be achieved through mediation or alternative dispute resolution, or you need a bulldog to fight for your rights in court, I will be your strongest advocate.
Contact My Law Firm Today
What should you do to prepare for your free initial consultation? You can start by making a list of all the assets owned by you or your spouse, particularly focusing on assets accumulated during the course of your marriage. You should do the same for your marital debts. Then, contact me at 662-447-2522 to schedule your consultation.