Property Division Archives

Debts will be divided during property division

Debt collectors will go to long lengths to collect what they are owed. If two individuals are on an account, the debt collector may go after both parties until the balance is paid in full. During a divorce in California, the debts of the two parties can be divided along with other financial matters in the property division process. Unless the proper steps are taken, joint creditors can still go after both names on the account. 

Property division during divorce starts with information

A divorce can take an emotional and a financial toll on the individuals involved. For many, the process of separating the family assets, known as property division, can be overwhelming. Luckily, there are steps that one can take in California to make the ordeal less stressful and more predictable. 

Worried about California property division issues?

No two divorces are exactly the same. When it comes to property division in divorce, however, California shares similarities to eight other states that govern the process under community property laws. This essentially means that all marital property (which includes assets and debt) is split 50/50 between spouses in divorce.

Can retirement impact your child support obligations?

Divorce used to be the realm of younger couples. For decades, it was typically those who had been married for less than twenty years who sought to put an end to their marriages. These days, however, so-called gray divorces are more common than ever. Couples at or near the age of retirement are deciding to call it quits. Divorcing later in life can have a lot of potential consequences for spouses and their children.

The prenup, its contents, and the importance of this document

In our last post, we talked about how prenuptial agreements can greatly affect any divorce, let alone one that involves a massive amount of assets and property. Today, we want to talk about this a little bit more by outlining what you can and can't include in your prenuptial agreements.

In Solana Beach and throughout the greater San Diego area, Ratzer Family Law is your best choice for experienced representation with personalized service. Contact us online or call 858-925-8099 today.


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