Bangor Property Division Lawyers

One necessary aspect of nearly every divorce case in Maine is the division of marital property. This is often a contentious issue in a divorce, as each spouse wants to maintain as much of their shared property as possible. By working with skilled Bangor property division lawyers, you can help ensure your debts, assets, personal property, and more are distributed fairly. Do not wait until the conflict begins to seek guidance.

Qualified To Handle Complex Property Division Matters

Not every attorney has in-depth knowledge of complex financial matters. Attorney Steve Smith earned the designation of Certified Financial Litigator (CFL) by completing advanced coursework and passing a financial proficiency exam. CFLs are recognized for their understanding of financial issues in family law litigation, including property division. As a CFL, Steve and his team have what it takes to develop strong legal strategies to best assist our clients in handling property division and other financial aspects of divorce.

To protect your property rights and post-divorce position, seek out a skilled Bangor property division attorney. Contact STEVE SMITH Trial Lawyers today for more information about our divorce-related services. 

Dividing Property In Maine

The property and asset division process can be complicated, especially if you and your spouse are not on the same page. You want strong legal guidance from the start to ensure that you receive your fair share of the property. 

First, you must determine what is marital or separate property. Each spouse keeps their separate property, while they must divide marital property equitably. This means there must be a fair division given the circumstances – not necessarily a 50/50 division as in certain other states.

For an equitable division, you must consider:

• The value of your property (which might require appraisals)
• Whether one spouse is staying in the family home
• Whether one or both spouses want to maintain their businesses
• Any spousal support awards involved in the divorce
• Other financial circumstances of the marriage
• Whether one spouse wasted or concealed assets

The more complex your financial situation is, the more likely you will have a battle when it comes to property division. Either way, make sure you have the right attorney on your side. 

Options For Property Division Orders

Whether you have relatively simple or high-net-worth finances and property, spouses might not agree on all division issues. Our legal team helps negotiate to reach out-of-court resolutions whenever possible, and this requires a thorough evaluation of all financial disclosures and other account information. 

If you cannot reach an agreement out of court, our skilled litigators never hesitate to represent your interests before a family law judge. If there is a chance that your property division issues will require litigation, you want our trial lawyers handling the case. 

Learn How Our Bangor Property Division Lawyers Can Help

At STEVE SMITH Trial Lawyers, we take on complex property division cases in Bangor and other communities as part of the divorce process. We bring all of our courtroom experience and financial knowledge to the table for each client. Contact us for a consultation to discuss a possible divorce case and how our team can help.