A marriage dissolution legally terminates a marriage and makes provisions for dividing property, spousal support and parental rights and responsibilities.
We understand the nuances that couples with high income, wealth and assets face when ending their marriage. Our first concern will be to educate you regarding your options. Through an in depth discovery process with candid, sensitive attention, our firm will assess your situation and explain your options. We offer clarity, guidance and experience through this difficult time.
Holtey Law is adept at negotiating advantageous settlements out of court without compromising on the outcome. One benefit of an out-of-court settlement is that certain information can be kept out of the public record. Oftentimes if information must be shared with the other side, we insist it is disclosed only after a confidential protective order is in place to limit disclosure of the sensitive information. Our firm offers discreet, professional counsel.
Equitable Division of Property
Oregon law provides for the division of property (assets and debts) to be equitable. The division of marital property can be complex and overwhelming. It is crucial that the valuation and allocation of marital property be current and accurate. Holtey Law will work diligently to ensure that all assets are discovered and valued appropriately. Marital Property may include:
- Real estate
- Personal property including home furnishings and vehicles
- Investment accounts, securities, and life insurance
- Tax credits and carryovers
- Vested and unvested stock options
- Enterprise goodwill
- Pensions, IRA’s, other retirement accounts
- Business property
- Professional practices
- Closely held family businesses
When determining spousal support issues, Oregon courts use the principal of “just and equitable under the circumstances”. It is designed to mitigate unfair economic effects of marriage dissolution and divorce. Spousal support may or may not be awarded. It is divided into three categories, transitional, compensatory, and maintenance.
- Transitional support is temporary and designed to assist one spouse in training or education to reenter the job market or gain meaningful employment.
- Compensatory support looks at what extent one spouse had supported the other in education, vocational training and career advancement during the marriage.
- Maintenance support is generally awarded in long term marriages to allow one spouse to maintain the standard of living as during the marriage. Age of the parties, length of marriage and disparities in income and earning potential are factors.
Divorce and Family Law Services
Holtey Law offers professional Family Law counsel in the state of Oregon, including: