Arkansas is not a community property state, but, rather, an equitable property division state. Since this is the case, the division of assets and debts is not always a 50/50 split, but focuses on several factors to ensure that the division is fair.
At Worsham Law Firm, P.A., our Little Rock property settlement attorneys have more than 30 combined years of experience guiding clients through a wide range of family law matters. Our staff comprises skilled mediators and accomplished trial litigators. Clients benefit from our experience and our knowledge of the law.
How Property Division Works
Essentially, property settlement is a balancing act. Our lawyers perform a thorough and detailed examination of all income, property, assets and debts that will be factors in the division mediation. All property acquired during the marriage, with a few exceptions, will be divided as equitably as possible. Many courts equate “equitably” with “equally,” but this is not always the case. Some situations will require an uneven split. When there is a large disparity in income, for example, it might be necessary for the lesser earning spouse to get a division of more assets and less debt.
Most often, these settlements are reached through mediation. When negotiations break down, however, our attorneys are confident in their ability to effectively represent you in court. Many clients value the benefit of our courtroom experience and thorough preparation. Do not hesitate to schedule an initial consultation with a lawyer at our firm.
Call To Discuss Your Situation
To speak with an experienced lawyer who can provide a nuanced evaluation of where you stand, contact our firm for a free initial consultation. You can reach us at 501-228-0668, or at 501-490-9379. You can also contact us through our online email form.