Property division after a divorce in California:
It can be very difficult to work out the best way to divide assets and debts accumulated through the duration of a marriage. Sometimes both parties can become upset and emotional about the worth of assets and the amount of debt to be split between the two spouses. California is a community property state. That means that all marital debt and all marital assets are divided equally between the two parties in the event of a divorce. This is where the contention can arise. Sometimes it is not always clear to both parties the actual value of the debts and assets, and sometimes there is confusion as to what qualifies as marital property and what does not.
If you and your spouse have decided to dissolve your marriage, it is very important that you are very aware of what your personal property is and what your marital property is. If there is any misunderstanding, you could end up with much less than what you actually are legally entitled to receive. The Orange County property division lawyers at the Law Office of Bruce C. Bridgman can help you to understand the legalities of marital and non-marital property to ensure that you are treated fairly throughout the process.
Property Division Lawyer in Orange County
Non-marital property includes the following:
- Inheritance
- Gifts received
- Assets acquired before the marriage and not commingled during the marriage
- Assets acquired after legal separation
Sometimes confusion arises with property and assets that may have belonged to one spouse before the marriage, but marital assets were used to develop or maintain that property or asset. In that specific instance, the property or asset could qualify as marital and be subject to division.
The lawyers at the Law Office of Bruce C. Bridgman are experienced in handling all aspects of property division, including financial research and other investigation to prove if an asset or property is indeed marital or non-marital. No matter what your family law needs are, you can count on the Law Office of Bruce C. Bridgman to provide you with competent, compassionate and experienced advice and representation.
Contact an Orange County Property Division Attorney at the Law Office of Bruce C. Bridgman if you need legal help with your California divorce.