Division of Property & Debt

FAMILY

Division of Property & Debt

The division of property and debt can be one of the most challenging aspects in a divorce case. Often the parties have spent years or decades accumulating real property and personal property.

Oklahoma law requires that marital assets (property, both real and personal) and debts be equitably divided amongst the parties. An equitable division often does not mean equal division. At Parrish Law Group we are experienced in assisting our clients identify separate/marital property and debts.

When thinking about marital property and debts, some obvious things come to mind, for example: real estate, shared checking and savings accounts, items of personal property (such as vehicles, household furniture, tools and clothing), credit card debt, medical debt, and student loan debt.

However, property division is much more complex than simply identifying these issues. In addition to the above, at Parrish Law Group we assist our clients in identifying retirement accounts, business bank accounts, safe deposit boxes, determining the value of businesses.

After correctly identifying marital assets and debts, we work directly with our clients to formulate a plan to equitably divide marital assets and debts.

Schedule a Consultation

If you or a loved one need assistance with divorce, paternity, custody, visitation, child support or other family law matter, it is important to act quickly. Contact Parrish Law Group to schedule a consultation where we can discuss the specifics of your case, answer your questions, and develop a legal strategy. Our goal is to alleviate your concerns, guide you through the legal process and stand by your side as a fierce advocate.
Case Evaluation