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What a divorce means for shared investments

On behalf of DeVries + Kelly Law Office | Oct 27, 2020 | Complex Property Division

Splitting marital assets during a divorce in Indiana can create ongoing conflict and frustration. Couples who have invested a significant portion of their income may feel uncertainty about the future of their portfolio. Separating investments requires cooperation from...

How can you divide a retirement plan?

On behalf of DeVries + Kelly Law Office | Sep 27, 2020 | Complex Property Division

A retirement plan is a significant percentage of your wealth. The law almost always considers your retirement plan to be marital property. This means that if you divorce, your spouse is entitled to a percentage of your plan and vice versa. Forbes stresses the...

What Happens To The Marital Residence?

On behalf of DeVries + Kelly Law Office | Sep 18, 2020 | Complex Property Division

The most valuable asset that most Americans own is their home. And it is not simply the physical representation of our wealth and equity; it is also enormously important on a day-to-day basis. For these reasons and more, the question of what to do with the marital...

How cryptocurrency could affect your divorce

On behalf of DeVries + Kelly Law Office | Sep 4, 2020 | Complex Property Division

As cryptocurrency’s popularity rises, more people will need to think about how to divide theirs in the event of divorce. If you and your spouse share these assets, splitting them may be difficult, since their value tends to fluctuate. Furthermore, you may suspect your...

Liquidation issues to watch out for during a divorce

On behalf of DeVries + Kelly Law Office | Jul 22, 2020 | Complex Property Division

When a couple decides to divorce, one of the toughest sets of decisions to work through is who gets what. During the marriage, the couple may have acquired assets together or a dependent spouse might have made sacrifices for the breadwinner spouse to advance in his or...

How do you divide art collections in divorce?

On behalf of DeVries + Kelly Law Office | May 26, 2020 | Complex Property Division

Thankfully, you and your current spouse can divorce amicably, which can make the process easier on you both. On the flip side, you collected art pieces during or before (perhaps both) your marriage, which are not always easy to valuate and divide. Understand the...

Can I reduce taxes on my marital home sale?

On behalf of DeVries + Kelly Law Office | Apr 29, 2020 | Complex Property Division

If you and your spouse have decided to sell off the marital home as part of your divorce, you might find you can sell it for a large amount of money. This might seem like great news, but you may have to pay capital gains taxes on your sale. While you can exempt some...

Protecting yourself against debt liability in a divorce

On behalf of DeVries + Kelly Law Office | Mar 30, 2020 | Complex Property Division

When a married couple makes the painful decision to separate and to file for divorce, many difficult decisions must be made. At every turn, each person may need to remain highly aware of how to protect themselves against unnecessary financial losses or...

Determining who gets the house when the title has one name

On behalf of DeVries + Kelly Law Office | Dec 22, 2019 | Complex Property Division

When a couple is getting divorced in Indiana, the permanent ownership of their assets can be a hot topic. Many times, each person feels as though they are the rightful owner perhaps because they funded the majority of an asset or were the mastermind behind an...

How courts divide bitcoin and cryptocurrency in divorce

On behalf of DeVries + Kelly Law Office | Dec 20, 2019 | Complex Property Division

When couples divorce in Indiana, the court uses the equitable division standard to split marital property. For those who have significant assets in new investments such as bitcoin and other forms of cryptocurrency, property division can become complex since most...
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