Waterloo and Waverly, IA Family Law Attorneys Discuss Division of Assets in Divorce

Experienced divorce lawyers in Iowa tailoring solutions to protect your future

Gallagher, Langlas & Gallagher, P.C. takes the time to listen and understand your concerns when it comes to dividing assets in divorce. We provide compassionate legal representation at each stage of the proceedings, from the first time you meet with us, to discuss your needs. With offices in Waverly and Waterloo, our caring attorneys and staff help minimize the stress and anxiety of your divorce while delivering the best results possible in your case. We can be your legal problem-solvers.

Is my prenuptial or postnuptial agreement valid?

Prenuptial agreements are also known as premarital agreements. Iowa law says that a premarital agreement is not enforceable if the person against whom enforcement is sought proves any of the following:

  • The person did not execute the agreement voluntarily.
  • The agreement was unconscionable when it was executed.
  • Before the execution of the agreement, the person was not provided a fair and reasonable disclosure of the property or financial obligations of the other spouse; and the person did not have, or reasonably could not have had, an adequate knowledge of the property or financial obligations of the other spouse.

If a provision of the agreement or the application of the provision to a party is found by the court to be unenforceable, the provision is stricken from the remainder of the agreement and does not affect the remaining provisions.

Iowa courts also enforce postnuptial or postmarital agreements to the extent that they amount to valid contracts that do not contradict the law. A postnuptial agreement cannot alter a spouse’s right to seek an elective share of the marital estate if the other spouse dies.

Our experienced divorce lawyers at Gallagher, Langlas & Gallagher, P.C. review your premarital and postmarital agreements and advise you as to their validity and enforceability.

What are Iowa’s rules for dividing property in a divorce?

Iowa is an equitable distribution state. Equitable means fair, but not necessarily equal. Courts consider a number of factors to decide who should receive each asset in a divorce, including:

  • The length of the marriage
  • The property brought to the marriage by each party
  • The contribution of each party to the marriage, giving appropriate economic value to each party’s contribution in homemaking and childcare services
  • The age and physical and emotional health of the parties
  • The contribution of one party to the education, training or increased earning power of the other
  • The earning capacity of each party
  • The desirability of awarding the family home or the right to live in the family home for a reasonable period to the party having custody of the children, or if the parties have joint legal custody, to the party having physical care of the children
  • The amount and duration of an order granting support payments to either party and whether the property division should be in lieu of such payments
  • Other economic circumstances of each party, including any separate estate, pension benefits, vested or unvested, and future interests
  • The tax consequences to each party
  • Any written agreement made by the parties concerning property distribution
  • The provisions of an antenuptial or postmarital agreement, if any
  • Other factors the court may determine to be relevant in an individual case

Call our award-winning law firm for dependable advice

Gallagher, Langlas & Gallagher, P.C. provides steadfast legal representation for divorce. Serving the Waterloo and Waverly area for more than 60 years, we deliver reliable results with personalized care tailored to your situation.