Oklahoma Head Injury and Personal Injury Attorneys

Call Now For a
Free Case Review 866-451-9129
or dial 1-405-749-7827
You are here: HomePersonal InjuryHead InjuryDivision of Assets Attorneys


Oklahoma Legal Expert


super_lawyers2010_leftmod

American_Association_for_Justice

American_Bar_Association_-_Defending_Liberty

 

 

Oklahoma Division of Assets and Property Attorneys

When going through a divorce, a couple is faced with many complicated issues that can make the procedure of divorce extremely stressful in nature. First, the couple has to deal with the heartache of a failed marriage, then child custody (if the couple has a child), and then property division, sometimes referred to as the separation of assets.

Many couples have to go through the meticulous and arduous process of property division, because each individual generally has a right to 50% of the assets obtained within the marriage, but the separation of assets in Oklahoma can be much more complicated than simply dividing the assets in half. Sadly, that sometimes involves the liquidation of assets, such as a house, a car or even priceless paintings or artifacts. This can lead to bitter and extremely emotional confrontations if you don’t have the legal help you need to guide you through this process.

This is where it is essential to contact the Oklahoma law firm of Atkins & Markoff, as the firm’s attorneys can help provide rational input as well as protection to the involved individual. Contact Atkins & Markoff now for your full consultation addressing your property division/separation of assets issues.

Division of Assets and Property

Oklahoma Property Division of Assets Law

The state of Oklahoma is referred to as an "equitable distribution" state, which means that if the parties are not going to be able to settle their dispute informally, the court system will step in and follow a certain procedure to complete the property division/separation of assets. These steps are as follows:

Discovery, much like in a civil court proceeding, in order to properly classify which items are considered “marital” property.

Assign a monetary value to all the marital property and marital debt. Distribute the marital assets between the two parties in as equitable a manner as possible.

Equitable does not mean equal, but rather what is deemed to be fair by the District Court.

What Is Equitable Distribution?

What Is Equitable Distribution?

When a court concludes the process of classifying assets as either “marital” or “non-marital,” the process of dividing the assets in as equitable a manner as possible begins. This does not mean that there will necessarily be a 50/50 split, but the court will attempt to leave each party in a somewhat equal standing given all the other considerations implicit in a divorce.

Equitable Distribution General Guidelines

Equitable Distribution General Guidelines

“Substantial contribution” to the accumulation of marital assets: This includes such factors as direct or indirect contribution to marital assets, the amount of time spent providing stability and uniformity in the home environment and any contributions to education or training.

The degree expenditures of the marital assets for which each party is responsible.

The overall value, both market and emotional in nature, of each asset that is going to be distributed individually.

The value of assets that would not normally be subject to distribution, such as an inheritance or gift given to one of the spouses.

The economic consequences relating to taxes, contracts and third-party interests that would be assigned to each party.

The manner to which the equitable property division would eliminate debts subject to regular payments and eliminate potential future conflicts.

The interests of each party for financial security and stability in regards to assets already acquired, present and future income and future earning potential.

Any factor that should be considered in the interests of equity. Other assets that the court may take into consideration when dealing with a property division case:

The contributions of the other spouse to the marriage like non-monetary contributions of the homemaker

The best interest of the children by setting aside a portion of the jointly and separately held estates of the parties into a separate fund


Oklahoma City Divorce Lawyers Helping You

After the decision to seek a divorce has been finalized between the individuals in a marriage, property division/separation of assets is just one element that they must resolve. Atkins & Markoff can provide the help you need in Oklahoma. Contact the firm today to schedule a consultation regarding your property division/separation of assets issue.
 






Tell Us Your Story:
* indicates a required field

We Are Here for You
Our attorneys will evaluate your situation for FREE with no obligation. Click SUBMIT or pick up the phone and call us now at

866-451-9129

 

Directions to Our OKC Offices



View Oklahoma City Bankruptcy Lawyers in a larger map

Get customized directions from where ever you are to our offices from Google Maps!
Oklahoma City Office Directions!


Oklahoma Injury Lawyer

If you are researching for Oklahoma's best personal injury lawyer, you have come to the right website. Click around to learn more about Oklahoma law, personal injury lawsuits and the best injury attorneys in Oklahoma. If you would like directions to our office, please follow the link to find our Oklahoma City Injury Lawyer law office.


Languages We Speak

  1. English
  2. Spanish
office
kfor_extra22
trial_extra3

  • Oklahoma Personal Injury Lawsuits

  • Personal Injury Attorney Fees

  • Statute of Limitations

  • Featured Personal Injury Testimonials

  • Oklahoma Injury Lawsuits Explained

    If you are researching what a personal injury lawsuit in Oklahoma entails, this section of our website is going to explain to you how a lawsuit works, how to determine negligence and how to obtain monetary reward commonly called a settlement. First, determine if there has been an injury. If there has been an injury like a broken bone, laceration, back injury or even a wrongful death and the injury was caused by the negligence or irresponsibility of another, there could be grounds for a personal injury lawsuit. Now that you have determined that there has been an injury caused by the negligence of another person or party, a personal injury attorney can be obtained to negotiate your personal injury claim for you. Our personal injury attorneys do not get paid unless they win your case, so don't be preoccupied with being able to afford to file a personal injury lawsuit in Oklahoma. Finally, your Oklahoma personal injury lawyer will determine what your personal injury case is worth. They will determine this by evaluating many factors including your hospital bills, your income, the severity of your injury.

  • Personal Injury Lawyer Fees

    Personal injury attorneys fee's work different than most other lawyers fee's. You do not need to pay anything in advance out of your pocket, so you can definitely afford to hire an Oklahoma personal injury attorney. A personal injury attorney gets paid a percentage of your lawsuit settlement. What that means is that if your lawyer doesn't win your case for you, your lawyer doesn't get paid.

    In Oklahoma, most injury attorneys charge a fee between 30% and 40% of your settlement. During your interview process with an attorney, they will inform you of the fee they normally charge. Fee's will fluctuate depending on the type of case. An Oklahoma personal injury attorney will charge a different percentage depending on the type of case.

  • Personal Injury Statute of Limitations

    Personal injury claims must be brought within two years in the State of Oklahoma. Further, under Oklahoma law, a minor has one year after his or her eighteenth birthday to file a personal injury claim.

    If the statute of limitations expires before a personal injury suit is brought, a claimant faces the possibility of having his or her case dismissed due to untimely submission. Therefore, it is critical to contact an experienced attorney as soon as possible following a personal injury, to protect your legal rights and any compensation that is due.

  • Featured Personal Injury Testimonials

    "...the settlement I received was tons more than I ever expected..."

    "Everyone needs an Attorney at least once in their life! Walking through the door of Atkins and Markoff is by far the best move you could make! All of their staff are on top of any problem you could ever have. I felt like they were my friends and they really cared about what was happening with me! Not to mention that the settlement I received was tons more than I ever expected!!

    Thank you Daniel and Jerri for all the hard work that you have done , I greatly appreciate you for everything!!"

    - Amie from Oklahoma City

    Read more Testimonials here.