The division of property is often one of the most contentious aspects of a divorce. Our marital property attorneys are well-versed in the intricacies of Ukrainian property division laws and will work diligently to protect your rights and assets. Whether you are dealing with a high-asset property division or have concerns about the division of marital property, our team has the necessary expertise to navigate even the most complex cases.
As elsewhere in the world, in Ukraine property division is the legal process whereby a couple’s assets and debts are divided during a divorce. In Ukraine, the principle of common property governs property division. In other words, all assets and debts acquired during the marriage are generally considered common property and are subject to equal division.
Here’s brief overview of the steps involved in any property division:
- Identifying Сommon and Separate Property. The first step in the property division process is identifying which assets and debts are so-called “common property” (assets acquired during the marriage).
- Valuing Assets and Debts. Accurate valuation of all marital assets and debts is essential. This includes real estate, bank accounts, investments, personal property, retirement accounts, and all outstanding debts.
- Negotiation and Mediation. Couples can often agree on property division through negotiation or mediation, avoiding a contentious and prolonged court trial.
- Court Proceedings. The dispute may proceed to a court of law if the parties fail to reach an agreement. In such cases, a judge will decide how the property should be divided based on the evidence presented.
At Ukrainian Family Law, our team of experienced property division lawyers is dedicated to protecting your financial interests and ensuring a fair distribution of assets. Whether you need a consultation with a relatively simple issue or comprehensive legal assistance with a complex property/business and debt division, our team is here to protect your financial rights while using all available legal methods to help you find an optimum result.