In a divorce or legal separation, couples are forced to reallocate many of their resources and finances. If you’re facing a separation, get in touch with Klok Law and ask about how we can help you with property and debt division.
Our legal team is well versed in family law and future planning. With our guidance, you can get yourself on the right track and start moving toward a new life.
How property division works
When a couple separates, a host of property-related questions pop up:
- Who gets the house?
- Who gets the car?
- How do we divide nearly everything else?
The prospect of dividing all your possessions can be overwhelming, which is why you need the seasoned professionals from Klok Law on your side.
To begin, property division always operates on a case-by-case basis. There is no strict formula for allocation, and much of it is a matter of court dispute and discussion. If you’re willing to work with the right legal team, you’re more likely to get the best outcome for everyone involved.
Marital assets come in all shapes and sizes – from the kitchenware to the bed sheets, property division reaches to every corner of your marriage. In South Carolina, the courts rule in favor of equitable division. The goal is fairness – whether that comes in the form of a 50-50 split or not.
How debt division works
Debt division – like property division – depends on the means of the couple. In any case, however, it must be handled with care.
Depending on how your contracts are arranged, creditors may come after “debtors” even if they think they’re no longer attached to a contract. For example, if your former spouse were to miss a payment on a credit card you no longer believe you’re attached to, you still may be targeted.
It’s important to detail the language and conditions of all debt division clauses. You don’t want to skip over any of the fine print at the risk of exposing yourself to hungry creditors down the line.
When you contact Klok Law, you can be sure we’ll assist you in dividing your debt and ironing out any wrinkles. Our focus is on your advancement, which is why we’re devoted to clarity and understanding through the debt allocation process.
Call Klok Law about property and debt division
Klok Law covers a variety of practice areas. Whether it’s personal injury or divorce law, we have the expertise you need for you and your family.
Visit us in Mount Pleasant or call us today about a consultation. If you and your spouse have decided to divorce, we’re ready to aide you through the legal process one issue at a time.
When it comes to debt and property division, our team is staffed with professionals who can help you get the most from your situation. We’re invested in the wellbeing of our clients, and we’ll do everything we can to make sure we represent your best interests.