Dissolving a long term marriage, or in other words, getting a divorce after a long period of time, can pose unique issues that are not always present in standard divorces. In general, you will need to retain a divorce lawyer in Bloomington to help you.
Dividing Property
A long term marriage will likely involve property, real estate, family heirlooms, vehicles, bank accounts, and retirement accounts. Any assets that are accumulated by the couple over their years of being married, may be considered marital assets. During divorce proceedings, all marital property should be appraised by a professional to determine their value. In some cases, there may be assets that are difficult to assign value, this may include:
- Employee stock options
- Investment portfolios
- Other interests
These will need to be carefully considered and reviewed with a divorce lawyer from Bloomington before determining how they should be divided. Assets that are emotionally valuable, may not have monetary worth. In such cases, it is advisable that both spouses determine with each other how these items will be divided. If this is not possible, a divorce lawyer from Bloomington may assist by negotiating with your spouse’s lawyer.
Typically, dividing assets in a divorce will require an experienced divorce lawyer that Bloomington area residents rely on. At Pioletti Pioletti & Nichols, we offer our clients extensive resources to call upon, including appraisers, accountants, financial planners, investigators, and more. These professionals can assist during the process, and help to ensure you obtain the best outcome possible.
Spousal Support After A Divorce
In cases represented by Bloomington divorce lawyers, it is very likely for a judge to award spousal support or a disproportionate share of assets to the spouse who earned less money during the marriage. A judge may also ensure he or she can enjoy the same standard of living that they had become accustomed to during the marriage, post divorce. During this process, a judge will take into consideration the financial disparity between the two. This will help to determine the amount of assets or spousal support the lesser earning spouse may receive by taking into account:
- The length of the marriage
- Each spouse’s contribution to the marriage
- Educational levels of each spouse
- The age and health of each spouse
- The standard of living during the marriage
A divorce lawyer in Bloomington, with experience in handling such matters will work to represent you during proceedings to ensure that your need for spousal support is clearly presented to the judge.
Call a Divorce Lawyer Bloomington Residents Trust
For years, we at Pioletti Pioletti & Nichols have been serving clients in Bloomington. We understand the complexities that often arise during a divorce and can help you to find a solution that meets your needs. If you and your spouse have decided to divorce, please call our divorce lawyers from Bloomington to discuss your case.