Dividing Property In California During A Divorce

One of the many issues to work through in a divorce is the division of property. In the state of California, property division is based on the concept of community property. Community property includes anything the couple acquired during the marriage. However, if you can prove it, property acquired during the marriage by gift or inheritance is your separate property. Your goal is to leave your marriage with 50% of the community property and 100% of your separate property. Legal representation throughout this asset division process is critical to protecting your rights throughout the divorce.

At Ratzer Family Law, we have the knowledge and experience to handle your high net worth, complex property division issues. We are a well-established divorce and family law firm that works smartly to get quick results for our clients. We will work with you to reach the resolution you need — whether that is through a mediated agreement or courtroom litigation, our team has a strong background in holding its ground in getting our clients what they need.

Things To Consider When Dividing Property

Property division can get complicated, especially when the estate is substantial. There are things you may not have even considered as being part of your property. Not only does community property include all physical items such as homes, furniture, clothing and vehicles, it also refers to anything of value. This can include:

  • Cash and bank accounts
  • Stocks, pension plans and 401Ks
  • Life insurance plans
  • Any businesses or companies
  • Professional licenses

While California law states that community property must be divided 50-50, not everything in the marriage may be community property. There could also be issues surrounding business ownership, real estate in or outside of the state of California and other complex issues. An attorney from Ratzer Family Law can help you navigate these issues and fight for the best possible outcome.

Property Division And Debt

Debt is also considered during property division. Yes, your marital debt (debt acquired during the marriage) is community property subject to division in your case. In order to obtain a fair division, it is best to have an experienced lawyer on your side to fight for your legal rights when it comes to debt.

Ratzer Family Law is here to help. We are experienced mediators and tough litigators who will work to get you the best possible outcome in your divorce case. We are located in Solana Beach and are proud to serve clients throughout the greater San Diego area. Call us today at 858-925-8099, or contact us online to schedule a consultation with one of our experienced attorneys.