Portland Property Division Attorney
Ensuring Fair Asset Division in Divorce
Dividing property during a divorce can be one of the most complex and contentious parts of the process. At Lee Ohlmann Law LLC, we are dedicated to helping you navigate Oregon’s equitable distribution laws to ensure that you receive a fair share of marital assets.
In Oregon, property division follows the principle of equitable distribution, meaning that assets are divided in a manner deemed fair, though not always equally. Marital property can include real estate, retirement accounts, investments, business interests, and personal possessions acquired during the marriage. Our firm’s goal is to protect your financial future by advocating for a fair division of these assets.
Whether you are able to negotiate a settlement outside of court or need to resolve property division through litigation, our firm will stand by your side every step of the way. We will work to identify all marital assets, accurately value them, and negotiate a division that reflects your interests.
Property Division FAQ's
Navigating family law can be complex and overwhelming. Here, we answer some of the most common questions to help you understand your options and what to expect during this process. Every family's needs are different, for advice on your unique situation reach out to our team!
What is the difference between equitable distribution and equal division of property?
In Oregon, property division follows the principle of equitable distribution, which means the court divides property in a way that is fair, but not necessarily equal. Factors such as the length of the marriage, contributions of each spouse, and future earning potential are considered when determining how assets are split.
What types of property are subject to division in a divorce?
Marital property includes any assets or debts acquired during the marriage, such as real estate, bank accounts, retirement funds, vehicles, and even business interests. Separate property, which includes assets owned prior to the marriage or received as gifts or inheritance, may not be divided unless it has been commingled with marital assets.
How is the value of marital property determined?
The value of marital assets is typically assessed through appraisals, financial records, and expert valuations, especially for more complex assets like businesses or investment accounts. Both parties may need to agree on the valuation, or the court may step in if there is a dispute.
