Attorneys
The Oklahoma family law attorneys at Mullins Martinez Sexton & Reaves, P.C. have significant experience assisting high-net worth clients through the divorce process.
Oklahoma Divorce Lawyers assisting High-Net Worth Clients in Property Division and Addressing Complex Asset Division Issues
Our attorneys are based in Downtown Oklahoma City, and typically serve clients in surrounding areas, including Logan, Cleveland, McLain, Canadian and Oklahoma Counties. We are a well-established law firm, with numerous satisfactory awards to our high profile and high-net worth clients.
Oklahoma Property Division Law - Equitable Distribution
Under Oklahoma's Equitable Distribution Law, property is to be divided equitably, though not always equally, between divorcing spouses. In order to devise a fair distribution of property, a court's first step is to characterize property as separate or marital property. A spouse's separate property generally consists of property a spouse owned before the marriage, property acquired by inheritance or gift, passive gains on such property and property which can be traced back to those categories of separate property. Marital property consists of all property, other than separate property, acquired during the marriage, regardless of whose name is on the property. These assets will be divided between the spouses, and may include real property, personal property, businesses, automobiles, savings accounts, stocks, bonds, pension plans, retirement plans, and other items of value.
Due to our vast experience in high-net worth matrimonial cases, we have a roster of well-credentialed expert business valuation professionals, financial analysts, forensic accountants and property appraisers available to our clients for valuing and tracing assets. They are accredited by relevant bodies, such as the American Institute of Certified Public Accountants, the National Association of Certified Business Valuators and Analysts, and Oklahoma Real Estate Appraisal Board.
The Oklahoma property division attorneys at Mullins Martinez Sexton & Reaves P.C. help clients characterize assets, making claims to separate property when appropriate and identifying any and all marital property that may be subject to division.
Property Division in Oklahoma - Dividing Marital Property
Once all of the parties' assets have been identified and characterized, a court must divide the marital property, typically taking into consideration one or more of the following factors:
- The duration of the marriage and the age and health of both parties
- The need of a custodial parent to occupy or own the marital residence and/or household items.
- A equitable claim, interest, or contribution the non-titled party made toward property by providing services as a spouse, parent, wage earner, or homemaker, as well as effects on the other spouse's career
- The liquid or non-liquid character of the marital property
- The impossibility or difficulty of evaluating any component asset or any interest in a business, corporation, or profession, and the economic desirability of retaining such asset or interest intact and free from any claim or interference by the other party
- The tax consequences to each party
- The wasteful dissipation of assets by either spouse
- Any transfer or encumbrance made in contemplation of a matrimonial action without fair consideration
- Any other factor that the court expressly finds to be just and proper
We help clients assert their rights and interests in marital property, always working to ensure assets are protected and distributed fairly whether at trial, in settlement or in mediation.
Contact a Skilled, Experienced Oklahoma Property Division Lawyer
If you have significant or complex assets and are facing divorce, you need skilled legal counsel to protect your interests and future security. Please contact Mullins Martinez Sexton & Reaves, P.C. at 405-235-2335 or by email.
Property Division
Answering Questions about
Property Division in Oklahoma
When substantial assets are involved in a divorce, property division can become extremely complex, particularly where closely-held businesses, family trusts, pension benefits or other complicated assets are involved. Our lawyers thoroughly understand both the legal and financial aspects of identifying, characterizing, valuing and dividing property upon divorce.
Practice Areas
Mullins MULLINS Sexton & Reaves
Mullins Mullins Sexton & Reaves
6307 Waterford Boulevard, Suite 215 Oklahoma City, OK, United States
(405) 235-2335