Spouses who own a small business together often decide that one spouse will transfer their ownership interest to the other spouse to make clean break, but what if the purchasing spouse lacks the funds to buy the other spouse out? When there are insufficient funds available for the one spouse to purchase the other spouse’s… Read More »
Marital Asset and Debt Division in Divorce
When it comes to property division in an Iowa divorce, equitable distribution is used to decide how martial property and debts will be divided. Equitable distribution, or ‘what is fair’, varies from divorce to divorce, although there is certain criteria to guide the division of assets. The court will weigh various factors when dividing marital… Read More »
Iowa Marital Property Division
When couples divorce, marital property and debt must be divided. Iowa is an equitable division state which means that property will be divided fairly – not necessarily 50/50. To divide marital property, it is important to work with an experienced family law attorney to reach a fair settlement agreement after considering various factors: Property division… Read More »
