Oregon Divorce Attorney's Guide to Shared Asset Valuation: Strategies, Compensation, and Legal Claims
Understanding Shared Asset Valuation in Oregon Divorce Cases 🔍 Definition of Shared Assets In Oregon, shared assets (also known as marital assets) include property, finances, and investments acquired during the marriage. These assets are subject to equitable distribution, meaning they should be divided fairly but not necessarily equally. 📜 Legal Framework for Valuation The valuation of shared assets is guided by Oregon’s equitable distribution laws. Courts consider factors such as each spouse’s financial contributions, non-financial contributions (such as homemaking), and future earning capacity. Common Types of Shared Assets: - Real Estate: Marital homes, vacation properties, rental properties. - Financial Accounts: Checking and savings accounts, retirement funds. - Businesses: Jointly owned businesses or shares in corporations. - Personal Property: Vehicles, jewelry, artwork, furniture. - Debts: Mortgages, loans, credit card balances. Strategies for Accurate Asset Valua...