South Carolina Marital Property Attorney
The one thing that every divorce has in common is the need for property valuation and division. Many spouses do not have children. Many do not need to establish alimony arrangements. But everyone needs to decide how to divide property and debt.
At the Law Office of Beverly K. Ballinger, we assist our clients with simple to complex asset valuation and division. We can advise you regarding all of the financial consequences of certain options and guide you to the appropriate financial expert if necessary to determine the optimal property division arrangement.
Dividing Marital Property and Debt
Ending a marriage can be similar to ending a business partnership. Both parties have rights that must be considered when dividing the financial assets. Many factors are often considered in property valuation and division, including:
- Duration of the marriage
- Marital misconduct or grounds for divorce
- Each party's contribution to the marital property
- Health of each spouse
- Spousal incomes
- Need for training and education
- Nonmarital or separate property of each spouse
- Retirement benefits
- Existence of an alimony award
- Use of the marital home
- Tax consequences
- Support obligations
- Liens/encumbrances on property and other debts
- Child custody obligations
- Any other relevant factors
All marital assets and debts can be divided, including real property, home equity, retirement benefits, other valuable assets and marital debts.
Control Your Own Situation
As with many aspects of divorce, litigation is often not the ideal way to determine how marital property and debts will be divided. Through negotiation and mediation, we assist our clients by allowing them to maintain control over their own situation at a lower cost than litigation.
By coming to an amicable solution outside of court, you can divide property and debts in any way that satisfies both parties. As your Charleston property valuation lawyer, Beverly K. Ballinger will offer creative solutions that are tailored to your unique financial situation.
Although mediation is often in our clients' best interests, we also have extensive litigation experience. If going to court is necessary to protect your interests, we will zealously advocate for you at trial.
From offices in Charleston, we represent clients throughout South Carolina. Call 843.720.3721 or contact us online to schedule an informative, in-depth consultation with Beverly K. Ballinger.
