Many complex factors can come into play
Brad Crider has a proven track record of working with clients involved in a complex divorce to ensure they separate with a fair share of property and assets. His background in finance and business, including a bachelor's degree in business administration, have played an important role as he works to determine the following:
Ownership of assets
Determining ownership of assets at the time of divorce includes proving when the assets were acquired. Generally, most assets acquired during a marriage are considered marital assets unless it can be proved that they were acquired before marriage. This is also extremely important in cases where ownership of businesses is involved.
Ownership of debt
In most cases, the parties involved in the divorce will share any debt incurred during the marriage equally. However, there may be instances where debt can be traced back to before the marriage took place. It's important to have debt analyzed and properly assigned at the time of a divorce.
Splitting up and distributing property and assets during a divorce doesn't typically result in taxable income to either party. It's still a good idea to have a knowledgeable divorce attorney investigate the tax implications when income properties, stock options or other complex assets are being divided between the parties involved. It's important to know how taxes will impact the value of an asset. Brad works with attorney Shad Brown, an experienced tax lawyer and former IRS attorney, to help his clients understand and prepare for the full tax implications of their divorce.
When a complex division of assets or debts is needed, you absolutely must have an experienced attorney on your side to help you protect your financial future. We can help. Contact us online or call 480-378-9000 today.