property division

Property Division in Arkansas

Property division in Arkansas follows a clear starting rule: marital property is split equally. However, the details matter, because the first question is always what counts as marital property. How Property Division in Arkansas Works Under A.C.A. § 9-12-315, the court divides marital property equally unless it finds an equal split would be inequitable. If […]

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How Is a Business Valued in an Arkansas Divorce?

When a business is part of a divorce, someone has to decide what it’s worth. How a business is valued can change the outcome of the entire property division. Why the Business Must Be Valued In Arkansas, marital property is divided equally unless the court finds that unfair and explains why (A.C.A. § 9-12-315). So […]

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Couple looking over their divorce documents

Factors that Go Into Property Division

Arkansas starts with an equal division of marital property. However, the law lets a court divide property unequally when an equal split would be unfair. In that case, specific property division factors guide the decision. The Starting Rule Under A.C.A. § 9-12-315, marital property is divided equally unless the court finds an equal division inequitable. […]

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How Is Property Divided in an Arkansas Divorce?

How is property divided in an Arkansas divorce? The process usually follows four steps: identify the property, classify it, value it and divide it. Step 1: Identify Everything Each spouse lists what they own and owe. This includes the home, vehicles, bank and retirement accounts, businesses, household items and debts. In addition, each side may […]

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A couple filing for divorce.

Seven Things to Do Before You File for Divorce

If you are thinking about divorce, a little preparation can make the process smoother. Here are seven things to do before you file for divorce. Seven Things to Do Before You File for Divorce 1. Gather financial records Collect recent pay stubs, several years of tax returns, and statements for bank, retirement and credit accounts. […]

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