Law Offices Of Thomas G. Buchanan

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Arkansas Family Attorney

Property Division

Arkansas Property Division in Divorce Proceedings

Marital property is any real estate, personal property, and debts acquired by the spouses during their marriage. The priority of the Arkansas court system is to divide marital property in an equitable manner during the divorce. The Law Firm of Thomas Buchanan is a strong advocate for its clients. The attorneys at the law firm use their years of litigation experience to make sure the financial welfare and interests of clients remain protected during and after the divorce proceedings.

Aggressively Representing Financial Interests of Arkansas Clients

Arkansas property division issues can be quite complicated. Disputed marital property issues may lead to lengthy litigation. The court determines which assets and debts are classified as marital property. The value of the property, other miscellaneous assets, and the amount of debts are assessed by the court. The attorneys at the Law Firm of Thomas Buchanan thoroughly review each client’s case. We work closely with our clients to figure out a property distribution arrangement that will best serve to support their current and future financial needs.

Arkansas Property Division Laws

Section 9-12-315 of the Arkansas Code requires the marital property and debts be distributed equally between both spouses if that would result in a fair outcome. If equal distribution of the property would leave one spouse in a significantly better financial position, the court uses its discretion to divide the property in a manner that is fair for both spouses. This may entail one spouse being held accountable for paying off more of the debts or it could result in the court ordering some of the assets be sold. The resolution reached is particular to each case.

Property Division Considerations

When the spouses reach a mutual agreement without court intervention, they sign a Marital Settlement Agreement. If the divorce proceedings are contentious and an agreement cannot be reached, the court decides how the property will be divided. The court attempts to make the property distribution equitable by assessing:

  • How long the marriage lasted
  • Contributions each spouse made to the purchase and maintenance of the mutually owned property
  • Health, age and financial status of each spouse
  • Employment status and income of each spouse
  • Existing debts of each spouse
  • Income tax implications

Contact Arkansas Property Division Lawyers

Call (501) 296-9820 to set up a free consultation to discuss any property division questions you have with an experienced attorney. Every person needs a strong legal advocate in their corner to help them deal with these difficult divorce-related issues. The Law Firm of Thomas Buchanan proudly serves the legal needs of people in Little Rock, Arkansas and surrounding areas throughout the state. 

Phone: 501.296.9820

Fax: 501.296.9823

217 W. Second Street, Suite 115

Little Rock, Arkansas 72201

Serving Areas:

Little Rock, Arkansas

South, Arkansas

Eastern, Arkansas

Western, Arkansas

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DISCLAIMER: The Law Office of Thomas G. Buchanan designates Thomas G. Buchanan as the attorney responsible for this site. He is located at 217 West 2nd Street, Suite 115, Little Rock, Arkansas 72211. The information communicated on this site is not a substitute for legal advice from an attorney. If you choose to email us, this will not create an attorney-client relationship. Please feel free to contact us through this site but do not send any confidential information to us until an attorney-client relationship has been established. Past performance is no guarantee of future results. Each case is different. Results depend on the facts in each case.