Tulsa Asset Division Lawyers

Experienced Tulsa Attorneys Helping to Divide Assets After Divorce

Property division is among the most challenging aspects of any divorce. Given the complications involved with valuation and negotiating or litigating the terms of division, these issues also have a tendency to become contentious. It is critical to work with a Tulsa divorce attorney who has the knowledge and experience needed to help you understand your rights and options and make smart decisions for your future.

How Are Assets Divided in a Divorce?

Most people assume that a court will divide all marital assets right down the middle in a divorce, with each party getting exactly half. However, this is not the case in Oklahoma. Oklahoma is an equitable division state, which means the court is not necessarily focused on obtaining a perfect 50/50 split. Although many cases result in a split that is close to even, the goal for Oklahoma divorce courts is to find an asset division plan that is as equitable as possible.

At Hensley and Associates, PLLC, our experienced Tulsa asset division attorneys can work with you to determine a sound strategy and assertive representation for the division of all types of assets and all family law matters.

Marital assets may include:

• Real property
• Automobiles
• Other personal property
• 401(k)s, other retirement plans, investments, and pension division

Types of Assets in a Divorce in Oklahoma

In a divorce in Oklahoma, assets are typically categorized into two main types: marital assets and separate assets. Understanding these asset classifications is crucial for the equitable division of property during divorce proceedings.

Marital Assets:
Marital assets refer to the assets obtained by either spouse during the marriage and are eligible for fair distribution in a divorce. This category can include a wide range of assets such as:

• Real Estate: Family homes, vacation properties, rental properties, and land.
• Personal Property: Furniture, vehicles, electronics, appliances, and other tangible items acquired during the marriage.
• Financial Assets: Bank accounts, retirement accounts, stocks, bonds, and mutual funds accumulated during the marriage.
• Business Interests: Ownership stakes in businesses, professional practices, or partnerships established during the marriage.
• Personal Injury Awards: Compensation received for personal injuries during the marriage, excluding compensation for pain and suffering.

Separate Assets:
Separate assets are not subject to division in a divorce and generally include:

• Assets Owned Before Marriage: Property and assets acquired by either spouse before the marriage.
• Inheritance or Gifts: Assets received by either spouse as an inheritance or gift from a third party during the marriage.
• Personal Injury Awards (Pain and Suffering): Compensation received for pain and suffering from personal injuries during the marriage.

It is important to note that the division of assets can be a complex and contentious process in divorce proceedings. Consulting with an experienced Tulsa asset division lawyer can provide valuable guidance and assistance in ensuring that both marital and separate assets are properly identified, valued, and divided in a fair and equitable manner.

How Is a High Net Worth Divorce Handled?

When more money and property are involved in a divorce, asset division becomes tremendously more complicated.

Our legal team can help you through complications involving:

• Multiple real properties
• Division of business ownership interests
• Inheritances
• Deferred compensation

Most high-asset divorces involve complicated considerations of valuation and division. At Hensley and Associates, PLLC, we have the experience and knowledge to determine the true value of your assets and the best way to divide them.

All of our Tulsa asset division attorneys maintain a firm commitment to helping clients through all aspects of their cases. We take the time to understand your situation, determine the best course of action, and protect your financial interests in your divorce.