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property division Archives

Dividing debt through divorce

There is a lot to consider when a couple decides to get a divorce. For example, he or she must figure out how a child custody arrangement may affect his or her time and relationship with his or her child. Another major consideration of marriage dissolution is property division. Although many Californians think of this process as merely equally dividing marital assets amongst the parties, this isn't the case.

California family law firm helping address property divsion

Marriage dissolution can leave a California resident with a whole host of emotions. He or she may be sad that a once strong relationship is coming to an end, heartbroken that a family unit is being disbanded, angry that one spouse has acted unfairly, and frustrated that the divorce process is not as easy as it should be. However, there are usually good reasons to have these emotions. Parents love their children, so they are crushed when the other parent seeks sole custody. An individual who worked hard to help build family wealth can be mad when the other party tries to take an unfair cut of the assets.

How inheritances can become marital property

In addition to being a time of emotional turmoil, divorce can also leave one on a financial precipice. For this reason, property division can be an extremely important and hotly contested divorce issue. Although many of these issues can be resolved through settlement negotiations, sometimes the matter is heard before a judge. Regardless of how one approaches marriage dissolution, though, he or she will need to know the law and how it applies to their situation in order to proceed in a way that protects their best interest.

Property and divorce in California

Divorce does not just mean separating from your spouse, it also means potentially separating from your property. After more than twenty years of marriage, you and your husband have built a substantial portfolio that includes stocks, bonds, retirement accounts and real estate. Now that you are considering divorce, you worry about what will happened to what you consider to be your share of the marital property.

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