Marital Property Division
In any divorce, you and your spouse will have to come to an agreement about the division of marital property and debts. If you do not agree on the details of this issue, it will be determined by the courts. California is a community property state, which means that the assets and property will be divided in as equal and fair a manner as possible. For assistance with this matter, we recommend that you contact our Upland divorce lawyer Christine D. Thielo as soon as possible. In a free, initial 30-minute consultation, you can discuss your property division concerns and get a good idea of what to expect under California law.
Division of Assets and Debts in a Divorce
Several steps will be required in order to resolve this issue in a contested divorce. First of all, all of your property and assets will have to be distinguished as to whether they are marital or separate property. After this, the property will need to be appraised or valued. Then the courts can divide the marital property and assets as evenly as possible, taking into consideration all of the pertinent facts concerning the property and the case involved.
Separate property is generally property that was acquired before the marriage took place or was acquired as a gift or inheritance to one of the spouses during the marriage. Marital property includes real estate, vehicles, bank accounts, stocks and bonds, art, jewelry, profits and earnings from a business, and other valuables acquired during the marriage. In this matter, spouses have a duty to disclose to the other the existence, characterization, and value of all marital property in any divorce.
In any marital property dispute you need reliable and experienced legal representation to move things along while fairly dividing assets and debts. Our Upland divorce attorney Christine D. Thielo offers determined and knowledgable legal assistance.
Contact our Upland divorce lawyer
Christine D. Thielo about the property division issue in your divorce today. Our office will set you up with a free 30 minute consult which will allow you to meet Attorney Thielo and discuss your case and your concerns.