Legal Help You Can Rely on for Division of Marital Assets in Rhode Island

 

The unfortunate truth of property division during divorce is that the results are rarely going to make everyone happy or be exactly what you want ... but it should be something you can live with and you should leave the courtroom feeling it was fair.

Rhode Island divorce lawyer Paul J. Ferns works with clients (and financial experts, when needed) to help people understand what's most important for them to achieve when dividing marital assets and debts.

  • Is it most important for you to keep the house?
  • Do you have a strong emotional attachment to some possessions?
  • Are you concerned about keeping your retirement account intact and willing to give up investment accounts instead?
  • Do you have a small business that you want to ensure remains viable? Are you concerned about how to divide your share of the equity as a partner in a business venture?
  • Are you worried that you won't be able to afford payments on half the marital debt after divorce? Would you be willing to accept a smaller share of the assets in return for a smaller share of the debt?

These are just a few of the possible areas of give-and-take to consider when arriving at a property settlement agreement.

Mr. Ferns has more than 15 years of experience handling divorce and property division in Rhode Island. A strong advocate and skillful negotiator, he strives to help clients arrive as quickly as possible at a property settlement that meets each party's needs and goals. Get legal help you can rely on. Contact Paul J. Ferns online or call 401-714-5526 to schedule a free initial consultation at his Warwick, RI, law office.

Problems in Property Division

It's unfortunate, but there are times when a lawyer needs to get tough to protect a client's interests. If your spouse is hiding assets, is earning money under the table or removing possessions from the home secretly, is engaging in wasteful spending or diverting investments, this behavior must end. Mr. Ferns will use every means at his disposal to ensure damaging behavior is stopped and that all business and marital assets are considered.

Balancing Alimony and Marital Property

For some clients, alimony is extremely important. Be aware that alimony is the exception, not the rule, in Rhode Island. While it's possible you could be awarded spousal support, it's likely to be "rehabilitative," which means it will be given for a relatively short amount of time, with the intention that you will become self-supporting at the end of that time.

You must prove that there is a need for alimony and, furthermore, that your spouse can afford to pay alimony. Talk to Mr. Ferns about the criteria that can be used to prove need.

Get the legal help you need and the caring, personal attention you deserve. Contact the Warwick divorce law office of Paul J. Ferns: 401-714-5526.

© 2015  |  All Rights Reserved. Disclaimers  |  Privacy Policy