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Divorce and Division of Property

One of the most important, and possibly complicated, parts of a divorce proceeding is the division of property. Both spouses are generally concerned about equitably dividing all items acquired over the course of their marriage. One important way to make sure the assets of your marriage are properly and fairly divided during divorce is to hire an experienced divorce attorney in Central Valley to represent you.

Complex Property Division

Not all divorce proceedings are simple matters. Some involve division of assets that could really complicate the dissolution proceeding. Some things that could complicate division of property include:

  • High assets
  • Business ownership
  • Professional licenses
  • Ownership of stock options
  • Ownership of residential and ranch real estate
  • Inheritance
  • Division of pensions
  • Division of IRAs, 401 (k)s and other retirement assets
  • Qualified Domestic Relations Orders (QDROs)
  • Other complex financial matters

Divorces of this nature must be handled carefully and knowledgeably. If you are facing a divorce that involves any of these issues, or other issues, that could result in complex property division, it is in your best interest to hire an experienced attorney who is prepared to protect your rights and your financial future.

Division of Property Under California Law

In California, any property that couples acquire during their marriage is considered community property. Division of such property upon divorce must be divided accordingly. Factors such as the increase in value or real estate and retirement accounts will also be included, with the exception of gifts and inheritances.

If your divorce is considered to be high net worth or involves complex property division, it is imperative that your attorney thoroughly evaluates your assets and property to make sure that it is equitably divided upon divorce. Determining value and worth of assets is a complicated issue. In doing so, an experienced Central Valley divorce attorney may need to hire one or more of the following experts:

  • Economist
  • Forensic accountant
  • Business valuator
  • Other professionals

You Need Legal Help

When assets in a divorce are significant or complicated, it is important to have an experienced family law attorney on your side to navigate the process. Divorce is stressful enough. It is best to leave the evaluation and division of property to your attorney. A good attorney can help you with any property division issue, no matter how complex.

Call an Experienced Central Valley Divorce Attorney

For more information or to schedule a complimentary consultation with a Central Valley divorce attorney, please call Gurjit Srai (209) 323-5558 or (559) 449-1447, or complete our online form.

 

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