Distribution of Assets

Hendricks County Divorce Attorney Works with the Equitable Distribution of Assets

The process of divorce is a complex one, taking into consideration a number of details about each spouse before the final decision to dissolve the marriage. One of the major aspects is the distribution of assets. Dealing with this issue in a fair manner requires top-notch and experienced legal counsel to ensure that everyone gets their due. Indiana family law attorney James L. Lowry has over 40 years of experience helping individuals and families deal with all aspects of divorce: let him help you, too.

Equitable Distribution

Because Indiana is an “equitable distribution” state, all marital assets are to be divided “fairly” between spouses during the divorce. Spouses may agree on a property split before the dissolution proceedings, called a matrimonial settlement agreement or a stipulated settlement, to save time and money. If a settlement agreement cannot be reached through negotiation, the court divides the marital assets up by looking at a few key factors, including:

  • The contribution to the marriage by each spouse, including contributions to the care and education of the children and services as homemaker
  • The financial circumstances of the parties
  • The length of the marriage
  • Any interruption of personal careers or educational opportunities of either party during the marriage
  • The contribution of a spouse to the personal career or educational opportunity of the other spouse
  • The contribution of each spouse to income
  • Dissipation of assets by either party

Call Today

For the best in Indiana family legal counsel, contact James L. Lowry at his office in Danville, IN at (317)745-4408 today to begin discussing your distribution of assets case.