Protecting Your Interests During Property Division
Property division can be a tricky issue during divorce. On the one hand, most people want to finalize the divorce and get on with their lives. On the other hand, it is important to protect your interests in marital property and avoid being saddled with debt from the marriage.
Our attorneys at Pedrick Law Group, APC, are dedicated to helping you pursue your goals by taking a creative, big-picture approach. We strive to find a resolution that fits your needs, and we know what steps to take to make sure you are informed of all of your options before any decisions are made.
How Is Property Divided?
Under California community property law, property and debt acquired during the marriage presumptively belong to both spouses and must be divided equitably, regardless of fault. This includes any businesses you may own. This does not mean every asset must be split in half or sold off, nor does it mean that the numbers on each side must match up exactly.
It is in a couple’s best interests to try and reach an agreement out of court to avoid a lengthy and costly proceeding. However, if a fair property and debt settlement cannot be achieved, we are prepared to go to court as an aggressive advocate for you.
Community Property Vs. Separate Property
Community property is a complicated concept. Gifts or inheritances received by one spouse are not automatically community property but may lose their separate property characteristic if they are commingled with community property, and the other spouse can gain rights to them.
Debts acquired during the marriage usually belong to the community. Unfortunately, if your spouse has lacked control with credit cards or other consumer debt, you may be saddled with some of that debt. Every client’s case is unique. That is why you need a lawyer on your side who knows what to do.
Don’t Settle Property Matters Without an Advocate
Don’t leave these matters to chance. We will advocate for your best interests every step of the way. We will provide you with the information you need to make an informed decision that will protect your future goals. Call our firm at 818-528-4936, 661-591-4132 or 805-254-4173, or contact us online to start discussing your specific situation.