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Posts tagged "Property Division"

California property division process: What about the mortgage?

Owning a home is a goal that many California residents have. In many cases, individuals purchase a home with their spouses soon after or even before marriage. When this occurs, typically both parties have an obligation to ensure that the mortgage loan on their home is paid. If the home is left to one person as part of the property division process in the event of divorce, who is liable for the mortgage?

Which assets are shielded from division in a California divorce?

If you are getting divorced in California, you can expect that you and your soon-to-be ex-spouse will divide the assets you have in half. Each of you will exit the divorce with half of what you accumulated during the marriage, including both assets and debts.

What you should know if you are fighting over pet custody

Hundreds of thousands of households across California have pets. And whether that pet is a dog, cat, bird or something else, chances are that it is considered a part of the family. Because of this, determining who gets the pet in a divorce can be a contentious battle.

Protecting your property with a prenup

In our last blog post, we discussed some of the basics of property division in California. We mentioned that one way to protect your property is to have a prenuptial agreement in place prior to getting married. In this post, we will look more closely at this type of document and what it can do.