How to properly account for “real property” during divorce.
To properly divide real property you have to take into consideration two things; who’s on the title and who’s on the mortgage. If you’re on the title but not on the mortgage it’s easier to divide that piece of property.
The problem with dividing real property in Oregon, and other states, is that a lot of times clients will co-own property after their divorce. As you can imagine owning property with your ex-spouse there’s a lot of problems that can arise. We see a lot of people who have to come back because they didn’t think through how to co-own that property with their ex-spouse correctly.
You need to go talk to an experienced family law attorney who can help you think through those problems and fix those upfront because it will save you a lot of money to do it right the first way as opposed to having to fix it later.