Family & Juvenile Law Omaha
Anita L. Mayo, P.C., L.L.O.

Assets and Liabilities

Property Division

The division of assets and liabilities during the divorce process is a complex, and often contentious, issue. An experienced divorce lawyer can help you protect your interests. At Family & Juvenile Law Omaha, Anita L. Mayo, PC, LLO, our attorney is committed to helping clients successfully navigate property division.

Asset And Liability Division

Property division encompasses both the division of assets and the division of debts. Assets that may be subject to division include:

  • Real estate
  • Retirement funds such as 401(k)s
  • Stocks
  • Jewelry
  • Furnishings
  • Health plans
  • Vehicles
  • Time shares
  • Businesses
  • Farms
  • Bank accounts
  • Pets

Our property division lawyer will also determine what liabilities you and your spouse shared, and who should be responsible for them now that you are divorcing. Those liabilities include:

  • Credit card debt
  • Upside-down mortgages
  • Dependency exemptions
  • Income tax refunds

Dividing Businesses And Farms

We work closely with business valuators who analyze and examine all aspects of a business in order to place an accurate and proper value on it. If the business is involved in any lawsuits, it is necessary to determine who will be liable. Regardless of what your goals for the business are, we will work to protect your interests.

For many Nebraska couples, a family farm presents complex issues that require the attention of an experienced valuator. Our attorneys understand the concerns of owners of family farms — particularly those whose farms have been in one family for generations — and are prepared to take action to protect our clients' interests.

Hidden Assets

Both parties in a divorce are legally obligated to disclose all assets. However, occasionally a spouse will attempt to hide an asset. Through a thorough discovery process, our lawyers are able to locate and characterize all assets — even those that one party may have tried to hide.

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