Property division

Date:

Jun 27, 2024

Practice area:

Family law

Client:

Amanda Reed

Outcome:

$0.7 million settlement

Summary:

A property division case involving a divorcing couple with substantial real estate assets. The legal team worked to ensure an equitable distribution of property, overcoming various challenges related to asset valuation, ownership disputes, and tax implications.

The client was going through a divorce and needed legal assistance to ensure an equitable division of a significant portfolio of real estate assets.

Key Challenges:
  • Accurate valuation of multiple real estate properties.
  • Determination of individual vs. marital property.
  • Disputes over ownership and contributions to property acquisition.
  • Addressing tax implications of property division.
  • Managing the emotional and financial stress of the divorce process.

The legal team devised a strategy to meticulously evaluate the assets, negotiate with the opposing party, and ensure compliance with legal standards for property division.

Actions taken:
  • Engaged property appraisers to accurately value the real estate assets.
  • Analyzed financial records to distinguish between individual and marital property.
  • Conducted negotiations with the opposing party's legal team to reach a settlement.
  • Advised the client on tax implications and potential liabilities.

Several obstacles arose during the case, requiring strategic legal maneuvers to protect the client's interests.

Obstacles:
  • Discrepancies in property valuations presented by each party.
  • Complex financial records complicating the determination of marital property.
  • Contentious negotiations leading to potential stalemates.

The legal team's efforts culminated in a court-approved property division agreement that fairly allocated the real estate assets between the parties.

Settlement details:
  • Equitable distribution of real estate properties based on appraised values.
  • Clear distinction and agreement on individual vs. marital property.
  • Resolution of ownership disputes through mediation and negotiation.
  • Mitigation of tax liabilities through strategic division and asset allocation.

Amanda Reed

shared her experience

Icon 06

Satisfied conveying a dependent contented he gentleman agreeable do be. Warrant private blushes removed an in equally totally if. Delivered dejection necessary objection do mr prevailed. Mr feeling does chiefly cordial in do. Water timed folly right aware if oh truth. Imprudence attachment him for sympathy.

Other cases

Ready to discuss your legal matters with us?

More Templates