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Our Law Firm Guides You in Boise Property Division During Divorce

Equitable allocation of marital assets

The decisions you make during your divorce can have lingering implications on your financial well-being. Established in 2001, Gulstrom & Govia diligently oversees the process of asset division to ensure that you receive your fair share in the Boise and Nampa family law courts.

Determining separate versus marital property

You and your spouse are required only to divide marital assets. In most every case property you own separately from your spouse remains yours after your divorce. Protecting your separate property is one of our main objectives. We also prevent your spouse from claiming as individual property assets that belong to the marriage. Property that may belong exclusively to you includes the following:

  • Inheritance bequeathed to you
  • Property you owned before you were married
  • Gifts clearly given exclusively to you
  • Property specified as yours in a prenuptial or postnuptial agreement
  • Interest and income acquired on your separately owned property

Commingling property can obscure the line between marital and separate property. Our attorneys conduct a thorough examination of your assets and your spouse’s to discover what rightfully belongs to you.

Valuing marital property

Before you begin dividing your property, you should have an accurate assessment of its value. Our attorneys meticulously valuate your assets and build an effective strategy for dividing interests in the following:

  • Real estate
  • Automobiles
  • Household furnishings
  • Securities
  • Businesses
  • Professional degrees
  • Intellectual property
  • Antiques and other rare assets

To calculate the value of your property, our lawyers may consult with a number of professionals, such as real estate brokers, stock analysts and experts in any rare or unusual assets you own.

Dividing the marital home

Because the marital home is typically one of the most valuable assets a couple owns, deciding how its value should be shared is often a complex and emotional matter. A divorce attorney can help you determine the best and most realistic scenario, which may include selling the home, buying your spouse’s portion of it or selling your equity to your spouse. We protect your financial interests after your separation by drafting an agreement that clearly allocates responsibility for the following:

  • Mortgage payments
  • Taxes
  • Homeowners insurance
  • Maintenance of the home and yard
  • Costs of selling the home

We also address adverse contingencies, such as what to do if your home does not sell in a struggling real estate market.

To receive a fair share of marital assets, let our lawyers guide you through the distribution process

For more information about your rights to marital property during your divorce, consult with Gulstrom & Govia  Contact us online or call 208-546-9933 to schedule your free consultation.

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