Idaho is a community property state so if you are considering divorce, it is imperative you work with an attorney that knows the ins and outs of Idaho law. While, generally, all assets acquired during the marriage are divided equally during a divorce, there are some exceptions.
Divorce proceedings wills review all major assets including, but not limited to, real estate, sole proprietorships, legal liability corporations, retirement funds, stock options and more. Meanwhile, a few assets are exempt from equal division:
- Property acquired before the marriage took place and kept separate during the marriage
- Property gifted to or inherited by one spouse that was kept separate during the marriage
The general rule for division of property is for assets to be split 50/50. However, depending on the terms of your divorce, that may not always be the case. Sometimes, the reason for divorce can sway property division one way of another. If you think divorce might be on your horizon, give Richard Roberts, PLLC a call today. As a local Ketchum family lawyer, he can provide you with the guidance you need to navigate the legal process and ensure you are getting the best possible outcome during such a trying time.