Divorce is tough, and property division is one of the most complex areas of any divorce case. Each state has its way of handling these issues, and you may need a Simi Valley property division attorney to help you get through this. At the Law Offices of Ronald K. Stitch, you can count on having a qualified family law team by your side throughout the process. Call us today so we can get started on your case.
Understanding California’s property division laws
California is a community property state, but what does that mean?
In a community property state, all property acquired during the marriage is equally owned by both parties. Therefore, the property must be divided equally between the spouses during the divorce process. As you can imagine, this can lead to conflict. Contested divorces may struggle over property and asset division, and a contested divorce can become ugly.
What property needs to be split during the divorce? A better question could be: What property was not divided during the divorce?
- The marital home
- Other homes purchased
- Any other real estate
- Pensions, IRAs, 401(k)s
- Stocks, bonds, mutual funds
- Vehicles, RVs, and boats
- Furniture, artwork, collectibles
Any property acquired during the marriage is considered joint property and subject to be split. Keep in mind that property division also includes debts accumulated during the marriage as well. This can include:
- Tax debt
- Personal loans
- Installment loans
- Automobile loans
- Student loans
- Credit cards
- Mortgages
Even if the loans are in your spouse’s name, if they were acquired during the marriage, they are considered community property and subject to be split equally.
Your attorney is your lifeline
Divorces are not uncommon. Though nobody plans to get divorced, according to data from the Statistical Atlas, approximately 12% of people in Simi Valley are divorced. Secure a qualified and skilled Simi Valley property division attorney is the best way to protect yourself from mistreatment.
- Do not be caught off guard by your spouse hiding assets
- Do not end up handing over more than you should in the divorce process
Let your divorce attorney handle all negotiations and all analysis of records and financials and secure a positive outcome for your case.
Let us get to work for you today
Having a skilled team by your side is essential when you are going through a divorce. This is especially true when it comes to dividing your assets. This is arguably the most challenging part of the divorce process. It would be best to have an attorney who understands California’s laws and can negotiate on your behalf. At The Law Offices of Ronald K. Stitch, we are ready to get started on your case. When you need a Simi Valley property division lawyer, you can contact us for a free consultation by clicking here or calling (818) 707-0202.
