Asset Division
The division of property is often one of the most controversial issues during divorce proceedings. If you are facing a divorce anywhere in California, it is important to remember that this is a 'community property' state. What this means is that any property acquired by you and your spouse during the marriage is considered jointly owned. Donations or inheritance assets are excepted from this rule. Then, absent a prior agreement, all assets held as marital property will be divided equally between the parties at the time of divorce. The law also requires individuals to make full disclosure of their assets.
Virtually anything can be considered community property, from real estate, businesses, automobiles, home furnishings and other assets, to financial holdings. Without any agreement or clear evidence, all property acquired during the marriage is presumed to be community property by law.
Property owned by individuals before their marriage. This includes gifts and inheritances obtained during and after the marriage.
If you need a valuation of your assets or marital assets, you should seek professional help. Our Orange County property division attorney, James Sowers, can take the proper precautions and hire the right experts to evaluate all of your assets and marital assets prior to division.
As a trusted Orange County asset division attorney, James Sowers will ensure that your personal assets are in your possession and that all marital assets are divided fairly and equitably between both parties in accordance with the law.
We help in Asset Division
If you or someone you know is going through or anticipating divorce, you may have questions about how your assets and property will be divided. It is natural to fear unfair or unfair treatment when it comes to high net worth assets. This is when you should consult an experienced Orange County asset division attorney and family law expert to resolve your concerns.
As mentioned above, California is a community property state. Basically, this means that all assets acquired during and after the marriage belong to both spouses. And all property acquired before marriage by individuals is considered separate property. However, it is not so clear in reality.
Some properties cannot be distinguished as either and become a matter of dispute between the parties. Meanwhile, some properties cannot be valued properly and may also be disputed by the opposing party.
If you are facing any of the above situations and facing an asset division in California, contact our Orange County asset division attorney. Call us at 7147337065 or send an email to info@lopezscca.com to schedule a free case evaluation.
Community Property Division in California
California law requires an equitable division of marital property between spouses. The factors taken into account here are:
- Ease of access for each spouse to pensions and retirement funds;
- State of business after divorce;
- Affordability of spouse to maintain assets (such as mortgage payments).
You don’t need to deal with divorce and property division on your own. Contact an experienced Orange County asset division attorney like James Sowers to analyze your situation and resolve all your questions.
Experienced Property Division Lawyer in Orange County, CA
At the Spanish child custody law firm James Sowers, we have extensive experience in all aspects of family law. We can help clients with the entire divorce process, including obtaining custody and child support. With two decades of experience in litigation, mediation, and negotiation, an Orange County asset division attorney can obtain a fair and equitable order for all of your property.
James Sowers can help you in the division of assets for the following types of properties:
Real property
James Sowers is well versed when it comes to dividing your home, cottage, commercial property, investment real estate, and vacation property.
Personal Belongings and Bank Accounts
Business assets
Pension
Hidden assets
Contact an Orange County Property Division Attorney for Assistance with Your Marital Property Division
Contact James Sowers, an experienced Orange County asset division attorney to discuss your divorce, child custody, child support issues, spousal support or division of assets. Our first consultation is completely free.
Contact us at 7147337065 and all your initial concerns will be resolved by expert lawyers.