Family law attorneys diligently ensure their clients receive their fair share of marital assets, spousal support or alimony, and reasonable custody arrangements. Turco Legal P.C. has skilled lawyers and negotiators who can advocate their clients’ interests and demands, either through mediation or litigation.
Divorce is rarely simple and involves several different matters, such as allocating debts and assets and deciding on child support and custody. Mishandling any one of these components can result in protracted disputes, monetary losses, and long-lasting emotional damage because they all have a lot of legal and emotional weight.
Litigation and Alternative Dispute Resolution
While some complex cases end up in court with a lengthy and time-consuming litigation process, there are divorce cases that can be settled outside the courtroom. It is done with the help of a mediator or through an alternate dispute resolution method. Divorce attorneys advise clients to reach an amicable agreement with their partner and avoid the contentious court battle.
Division of Asset and Debt
The most contentious aspect of undergoing divorce is the asset and debt division among couples. Family court follows the rule of equitable division, wherein the assets and debts will be fairly distributed among the spouses. But this does not necessarily mean they are equally distributed.
A divorce attorney ensures that spouses declare their assets and debts accurately, and nothing should be hidden or undervalued. Lawyers also perform complex valuations of real estate, investments, savings, and properties. They see their clients’ best interests and draft an agreement ensuring fair compensation in all respects.
Tax Implications
Divorce attorneys collaborate with a team of financial advisers, accountants, and other analysts to get an overall picture of the spouses’ economic condition. The division of assets and debts will have tax implications. The couple’s tax return should be accurately filed, and all the assets and investments should be declared legally.
Clients should clearly understand the further tax implications and make informed decisions. The spouse applying for alimony should check the tax consequences of that amount. Furthermore, attorneys help divide retirement accounts and any other investments made in a way that can reduce the tax burden on each spouse. The main aim of a divorce lawyer is to help clients achieve financial stability and security post-divorce.
Alimony and Spousal Support
Family law requires the approval of different alimonies for couples undergoing divorce. These are based on general terms like rehabilitation, reimbursement, and transitional alimony. The divorce attorney will work closely with the clients to understand their financial condition and determine the appropriate type and amount of alimony.
If both spouses are aligned with their goals and needs, they can mediate the divorce process and avoid litigation. One of the spouses can bear the alimony as they mutually decide. The agreement states that modifications should be made based on future circumstances. Divorce attorneys represent the client in family court and ensure the judge approves the alimony amount.
Child Custody and Support
If the couple opting for a divorce has children, filing for child custody becomes mandatory. A divorce lawyer can help the couple understand the child custody laws and make informed decisions regarding them.
Divorce attorneys will collaborate with the couple to decide on a concrete plan for child custody, which can be legally approved. They make parenting plans and visitation schedules convenient for both parents and draft the agreement.
The legal process of divorce can be daunting for those unfamiliar with it. It involves filing petitions, responding to motions, attending hearings, and negotiating settlements. A divorce lawyer manages these legal procedures, allowing clients to focus on their emotional well-being and personal lives.
Their knowledge of divorce law, ability to manage the legal process, objective advice, and dedication to defending client interests are just a few reasons their services are required for a peaceful separation.