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During a divorce, courts in Iowa will have to determine which spouse is entitled to certain property accumulated over the course of their marriage. As you may imagine, property division is one of the more hotly-contested aspects of divorce. For this reason, having a team of skilled Iowa property division lawyers in your corner who can effectively represent you through the duration of your case. Contact Iowa Defenders, PLLC today.
Often, both spouses understand they can’t keep everything in a divorce, but agreeing on “who gets to keep what” is more difficult than they initially thought. Our knowledgeable Dallas County family lawyers have decades of experience representing clients facing complex asset division issues, and we are prepared to put that experience to work for you.
Iowa is an equitable distribution state. This means that most or all marital property will be divided fairly and justly in the eyes of the court. Importantly, this does not necessarily mean a 50/50 split of assets.
Marital property is defined as all property acquired during the course of the marriage. This includes the marital home, assets held in bank accounts, and more. Marital property is subject to equitable distribution in Iowa, while separate property is not. Separate property includes all property acquired prior to or outside of the marriage, such as a gift given by a friend.
Courts in Iowa will consider a wide range of factors when determining which spouse is entitled to certain assets in a divorce. Some of those factors are as follows:
Understanding the complexities of property division in Iowa, it’s wise to consider mechanisms like prenuptial and postnuptial agreements to protect your assets. These agreements are especially valuable in defining what remains classified as separate property, safeguarding it from equitable distribution in the event of a divorce.
By proactively setting clear boundaries through these agreements, you can significantly reduce conflicts and ensure that your assets are protected, according to your wishes.
Whether you’re looking to draft a marital agreement or require aggressive representation to protect your hard-earned assets in a divorce, Iowa Defenders, PLLC stands ready to help. Contact our dedicated Dallas County property division lawyers today.
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