These issues require skilled legal assistance
It is vital that you have an attorney by your side when your divorce involved complex property issues. In many cases, a Westlake Village divorce includes the following:
- Savings and checking accounts
- Business valuations
- Division of real estate, including the marital home or other property
- Retirement accounts (401ks, IRAs, etc.)
- Investment portfolios
- Division of investment accounts
- Investments and collectibles, including art collections, jewelry, cars, and more
California is considered a community property state. This means that any property acquired while two people are married is going to be considered jointly owned. If the couple divorces, the law requires that all marital property be divided equitably. It is important to keep in mind that equitable does not necessarily mean equally. The goal of the family court system is to ensure fairness for both parties.
Debts are also impacted by a divorce
In many cases, divorcing couples also have debt. This can include:
- Mortgage debt
- Property debt
- Credit card debt
- Personal loan debt
- Car loan debt
- Student loan debt
- And more
In California, debts are also divided, but not in the same way that property is divided. Debts will be divided equally. It does not matter whose name the debt is in. If the debt was acquired during the course of the marriage, it will be divided equally between the two parties.
This process can become complicated
A complex property divorce case could involve an extensive investigation. Your Westlake Village divorce attorney will work through the discovery process to ensure that you are being treated fairly. This can include:
- Obtaining documents that disclose financial records (tax returns, loan applications, bank records, etc.)
- Inspecting safety deposit boxes
- Requiring depositions from the other spouse under oath
Your attorney will then handle all negotiations involved in this process. This can be a complicated part of the process, particularly when there are complex assets involved. An attorney will ensure that everything is done correctly so that there are no issues down the line.
We are ready to help you through this
One of the most complicated aspects of a divorce is the division of marital property. This is especially true for couples with higher assets or complex property issues. At the Law Offices of Ronald K. Stitch, we understand that you need help in these situations. To ensure you are treated fairly, our Westlake Village complex property division attorneys will handle every aspect of your divorce. We have the experience you need to get through this. You can contact us for a free consultation by clicking here or by calling 818-237-4574.