Lake Oswego, Oregon-Area High-Asset Divorce Attorneys
The state of Oregon is an "equitable division" marital property state, meaning that the division of marital property will not necessarily mean a 50‐50 split. Instead, the court will apportion marital assets equitably after taking into consideration factors such as the length of a marriage and the income, education, earning potential, the standard of living of each spouse, child support, spousal support, child custody and parenting time.
High-asset divorces involve complex property division and issues associated with investments and closely held businesses. We protect our clients' financial interests through careful financial analysis of property holdings and investment portfolios.
At the Hohbach Law Firm, our attorneys work closely with forensic accountants, certified business evaluators, financial planners, and tax experts in high-asset divorces. Our primary objective is protecting our client's financial interests by ensuring proper valuation and appropriate division of marital assets.
To schedule an appointment and discuss how we can help you, contact a family law attorney at the Hohbach Law Firm today.
Division of Marital Debt and Assets
Under Oregon law, earnings on homes, a business, and investments are subject to division if the increase in value was accrued during a couple's marriage. For instance, even if you owned your home before you were married, any increase in home equity experienced during the marriage would generally be divided equally. It is also possible that any premarital home equity may be divided, depending upon a variety of factors.
Business Valuation
If one or both spouses own a business, its value will have to be determined for the purposes of dividing marital assets. In owning a business, however, a number of financial reporting strategies can be used to hide and under-report assets.
Alternatively, it's not uncommon for a non-business owning spouse to over-report a business's value in an attempt to garner a larger divorce settlement in his or her favor. By reviewing business taxes, accounts receivable, corporate bylaws, shareholder agreements, and other financial records, we determine what a reasonable estimate is of a business's worth.
Inheritance and the Division of Marital Property
If you recently received an inheritance, or are about to, it can be a very significant issue in your divorce, and a number of factors can be important to whether and how the inheritance will be.
How inheritances are divided is a complex area and an evolving area of law in Oregon. If you have an inheritance, it is essential for you to obtain guidance from a lawyer who is experienced in this area.
Contact an Attorney at the Hohbach Law Firm About High-Asset Divorce Today
To schedule an appointment and learn how we can help you, contact a divorce attorney at the Hohbach Law Firm today.
We represent clients throughout the greater Portland area in a variety of complex legal issues. We focus our practice on the areas of family law, criminal defense and civil litigation. We dedicate ourselves to helping our clients obtain the best possible outcome in every case.
