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Property & Debt Division

Idaho Attorneys Helping You With Your Property & Debt Division

Property & Debt Division Lawyers in IdahoA primary objective of divorce is division of property and debt. This includes an equitable division of both assets and liabilities. Idaho is a community property state, which means that all assets and liabilities acquired during marriage are presumed to belong equally to both spouses. Idaho law provides for a substantially equal division of community property and community debt. However, certain factors such as the duration of the marriage, premarital agreements of the parties, the age, health, occupation, amount and source of income, skills, employability, separate liabilities of each spouse, earning capability, and retirement benefits can impact the division of property and debt.

Property division commonly includes a division of money, real estate, retirement and investment accounts, taxes, household items and other valuables, insurance policies, and business interests. Central to a fair and equitable property division is ensuring that each asset is properly valued. The attorneys at Racine Olson know how to take the necessary and appropriate steps to ensure a proper valuation of your assets is obtained. Our team has the experience necessary to handle even the most complicated and complex property and debt division issues.

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"When it comes to our business work, we trust Racine Olson.” Premier Technology Inc.
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“Randy has been our family’s attorney for many years. I’ve not only retained Randy to help with our family business, but I’ve used Randy and his firm in more than one complicated issues. I’ve never been disappointed.” Shawn - Previous Client
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"Pat George, well there is so much I can say…. EXCELLENT lawyer! He leaves no stones unturned. If you are in need of an excellent Lawyer I would highly recommend Pat George. He turned a life threatening accident into a life changing event.” Personal Injury Client
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"The attorneys here are just fantastic my dad and I are big fans…they are the best in Pocatello. I have lived in Poky my whole life” Previous Client
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“I had been to many other law firms concerning my case. They were willing and able to help me out and I feel confident that they will do what is best for me.” Previous Client
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"Fred Lewis is very knowledgeable, courteous, and efficient in explaining everything you need to know to help you win your case. He truly cares about you as a person and is on your side." Workers' Compensation Client