Experienced Divorce Attorneys In Bloomington

Getting divorced involves the complex task of dividing lives that have been woven together — financially as well as emotionally. That's why one of the most prominent aspects of a divorce is the division of assets and debts.

At McCrea & McCrea, we guide clients through the entire divorce process, including asset division. Whenever possible, we stress efficiency, which ultimately saves both time and money. Quite simply, this means prioritizing the assets that are worth fighting for and being more flexible with others.

In particularly contentious divorces, some couples end up spending considerable time (and energy) arguing over easily replaceable items such as living room furniture. In many cases, the legal costs associated with fighting for these assets are higher than the value of the assets themselves. Our lawyers are here to help you maximize success in your divorce settlement, which involves minimizing unnecessary legal costs.

Taking Stock: How To Handle Your Biggest Assets

In most divorces, the two biggest assets are likely to be the marital residence and retirement accounts. Knowing how to evaluate and properly tend to these assets is crucial.

Many times, one spouse will want to take ownership of the marital residence, typically because they have primary child custody and want to keep their children in a familiar place. There is nothing wrong with keeping the family home, per se, but there are some important questions to consider:

  • Can you afford the mortgage payments by yourself?
  • Can you afford the necessary costs of upkeep and maintenance by yourself?
  • Does it make sense to keep the house even if it means trading away other valuable assets in the divorce settlement?

With retirement assets, one of the most common mistakes is forgetting that you have them. When getting divorced, it is possible to split retirement accounts, including IRAs, pensions and 401(k) accounts. Our firm will help you identify all assets available and work to divide them appropriately.

Contact Us For A Free Initial Consultation

With an office in Bloomington, McCrea & McCrea is proud to serve clients throughout Monroe County and surrounding communities. To take advantage of a free initial consultation with a family law attorney, call us at 812-650-4425. You can also fill out our online contact form.