Rhode Island Family Law Attorneys | Rhode Island Divorce Lawyers
176 Blackrock Road, Coventry, RI  02816

Phone: (401) 632-6976                                                          Fax:  (800) 632-8069

Rhode Island's Most Affordable Divorce Lawyers / Attorneys
Exclusively Serving Divorce and Family Law Clients for 16 Years

low-cost Flash Player from Adobe.com to View this Menu.

A Rhode Island Divorce Lawyer and Attorney who cares about your Rhode Island Divorce and Family Law Issues.

Assets are many times the most problematic issues within a divorce. It's not surprising that this causes issues in the Rhode Island divorce process. You and your spouse have both contributed to your relationship, you've have made purchases and built a life and a home together. When you have equally invested part of yourselves in your accumulated possessions and have received many things as gifts as a couple, it is all too eye opening when you reflect on the dramatic affect the termination of your relationship causes. As you make plans to go your separate ways in life the reality that two can live more cheaply than one truly hits home. Both parties begin to re-evaluate their needs, their spouse's needs, the children's needs and the resources that each haw available to continue on with their lives. The costs of living alone and possibly providing a home for the minor children can be financially crippling as well as emotionally overwhelming.

All too often what has been described to a Rhode Island attorney as an easy and amicable divorce quickly leads to feelings of anger, distrust and betrayal as one or both of you make requests, demands, or voice expectations regarding your share of the assets only to find that the other spouse has completely different expectations and is resistant or otherwise refuses to acknowledge the other spouse's request(s).

The Rhode Island Divorce/ Family Court judge is charged with weighing the information presented and ordering an equitable distribution of the marital assets.  The question then becomes, what assets exist that you have legitimate legal right to that can be asserted in your Rhode Island divorce proceeding.

Consider this example. William and Margaret are getting divorced. They have a home that they purchased together twelve (12) years ago. William put down $20,000 on the house from money that he personally inherited when his father died prior to their marriage. Margaret works part-time and makes about $18,000 per year. The remainder of her time is spent caring for their 5 year old son, Jonathan. The house deed is only in William's name as are all the taxes and utilities for the property. William is paid by direct deposit into a joint bank account that William and Margaret have together. The mortgage, taxes and insurance on their home are paid each month by William via a check drawn on that joint bank account.

Margaret was given a small piece of raw land on her father's farm in Idaho as a gift.  William and Margaret have been out to that property and have discussed plans for what they would do with that land in the future.  Margaret's father decided to pay the taxes for that raw land until Margaret decides what to do with the property he gave her. William and Margaret never got around to doing anything other than just discussing the idea of putting a small vacation house on the land.

What are William and Margaret each entitled to claim?

Is William entitled to get credit for the $20,000 he put down on the house from his inheritance?

Is Margaret entitled to the Idaho property or is William entitled to half?

Can Margaret stop William from getting the $20,000 he initially put into the house as well as the proportional equity that may have accrued on that initial investment in the house?

There are several other issues that can be raised here. Can you identify them?

If you can't identify these issues and determine how to protect yourself in the instances mentioned, then you need the legal advice of a caring and experienced Rhode Island divorce lawyer.

If you were William and I were able to protect your $20,000 investment in the house (like William) wouldn't it be worth it to engage my services?

If you were Margaret and I could save your Idaho land for you, wouldn't it be worth it to engage me to help you?

Call Rhode Island's Most Affordable Divorce and Family Law Attorney
Christopher A. Pearsall, Esquire and set up Your Legal Advice Session Today!
(401) 632-6976


 

Main Menu    The Lawyer    The Process    Alimony    Marital Assets    Child Custody    Visitation    Placement    Consultation

Notice: This website is provided as a courtesy to provide you with a greater appreciation of the complexity of Rhode Island divorce and family law issues. This website is not legal advice. Legal advice regarding Rhode Island Divorce, Child Custody, Child Support and Family Law issues under the laws of the State of Rhode Island should be provided only by a licensed Rhode Island Divorce Attorney or Family Law Lawyer who knows all the facts and circumstances of your case and can advise you after a comprehensive and detailed advice session regarding your case. (*Disclaimer: Rhode Island licenses all attorneys in the general practice of law. Rhode Island does not have a procedure for certification or specialization in any particular area of law.)


| Pearsall.net | AttorneyPearsall.com | Rhode Island Divorce Tips | ChristopherPearsall.com |

Copyright 2000-Present   Attorney Christopher A. Pearsall ( All Rights Reserved. )