Tanzillo Stassin & Babcock P.C.
Call 219-339-4170 Directions

Property Division

Request Consultation

Property Division Lawyer in Dyer, IN

Navigating property division during a divorce can be a challenging process, as both parties seek a fair distribution of their assets. The outcome can have a significant impact on your financial future. At Tanzillo Stassin & Babcock P.C., we understand the importance of securing a fair settlement and work closely with our clients to protect their interests. If you are looking for a property division lawyer in Dyer, IN, our firm is ready to assist you throughout this process.

We establish lasting solutions for your family after divorce.

Contact us to schedule a free consultation with an experienced attorney.

Understanding the Property Division Process

The property division process in Indiana follows the principle of "equitable distribution." This does not always mean a 50/50 split, but rather a fair distribution based on each spouse’s contributions and needs. Courts consider various factors like the length of the marriage, each spouse’s financial situation, and the contributions to marital assets. A property division lawyer in Dyer, IN can help you understand how these factors might apply to your case and work to ensure that your rights are protected throughout the process.

Negotiating Property Division Terms

Negotiating the terms of property division is often more efficient than letting a court make the final decision. A well-structured negotiation process allows both parties to have a say in how assets like the family home, retirement accounts, and other property are divided. Tanzillo Stassin & Babcock P.C. has extensive experience in guiding clients through negotiations, helping to reach a resolution that aligns with their best interests. Whether it's handling discussions directly or assisting with mediation, our approach prioritizes finding a solution that works for all involved.

Asset Division in Indiana

Asset division includes identifying marital property, which is subject to division, and distinguishing it from separate property that remains with each spouse. Marital property generally includes assets acquired during the marriage, such as real estate, vehicles, and financial accounts. Meanwhile, separate property might include assets owned prior to marriage or those received as gifts or inheritances. At Tanzillo Stassin & Babcock P.C., our team carefully assesses all assets to determine their proper classification and value. With our property division lawyer in Dyer, IN, you can feel confident that your interests are being carefully considered throughout this process.

Contact Tanzillo Stassin & Babcock P.C. for a Free Case Evaluation

If you need guidance on property division, reach out to Tanzillo Stassin & Babcock P.C. to schedule a free case evaluation. Our experienced attorneys are here to answer your questions, explain your rights, and help you achieve a fair property settlement. Contact our office today to learn how we can support you in navigating this complex area of family law.

Property Division in Dyer, IN: FAQs

What is the difference between marital and separate property?

Marital property includes assets acquired during the marriage, such as homes, bank accounts, and investments. Separate property, on the other hand, includes assets that were owned by one spouse before the marriage or received as gifts or inheritance during the marriage. A property division lawyer in Dyer, IN, can help clarify which assets fall into each category.

Can we reach a property division agreement without going to court?

Yes, many couples reach a property division agreement through negotiation or mediation, avoiding the need for a court decision. Working with a skilled attorney can help ensure that any agreement reached is fair and meets legal requirements.

How does the court decide property division if we cannot agree?

If an agreement cannot be reached, the court will determine property division based on equitable distribution. This involves considering factors such as the length of the marriage, each spouse’s financial situation, and contributions to marital assets. Having a property division lawyer in Dyer, IN, can help you present a strong case during this process.

What happens if one spouse hides assets during property division?

Hiding assets is illegal and can have serious consequences in a divorce case. If you suspect your spouse is concealing assets, an attorney can help investigate and ensure that all property is accounted for before the division is finalized.

Will I have to sell my home as part of property division?

Selling the family home may be necessary in some cases, but it is not always required. The decision depends on factors such as the value of the home, other marital assets, and each party's financial situation. An attorney can explore options like buying out the other party’s share to help you retain the home if it aligns with your interests.