As a divorce lawyer, I help people dealing with complex property and debt issues. Division of property and debts in a California divorce are intricate matters. It is essential to have knowledgeable legal counsel from an attorney who is prepared to protect your rights.
Whether you both agree on dividing assets and debts or you expect a tough battle over community property, a family business, or a pension, please contact the Law Offices of Silky Sahnan at (925) 276-0789.
Even in amicable property distribution, the financial impact can be deep and unexpected consequences can emerge over time. I will work toward a property agreement that will protect your interests as you move forward after your divorce. As necessary, I will provide capable representation in court regarding a property settlement.
With proven representation from a Contra Costa County divorce lawyer, you can be confident in a fair and balanced property and debt division agreement.
Division of Property Laws in California Divorce
California law requires that you give your spouse or domestic partner information about your individual income and expenses, the property you own, and obligations you owe – even if you do not own anything or owe any money! This is called “disclosure.”
When filing for a family law case you must complete a Preliminary Declaration of Disclosure. You must complete this Disclosure before the court will finalize your divorce, legal separation, or annulment.
California is a community property state.
This means that all property acquired during marriage or a registered domestic partnership is community property and owned by each spouse or domestic partner.
Generally, community property consists of any property acquired by either spouse or domestic partner during the union. Community property will be divided equally. Any property possessed by either spouse or partner during the marriage is presumed to be community property unless it can be shown that the property is actually separate property.
Dividing Assets and Debts in a California Divorce
Very generally, here are the rules for determining what assets are community property and what assets are not.
Community property includes:
Separate property of one spouse or domestic partner includes:
Property that may be a combination of community property and separate property:
Speak with a California Division of Property Attorney
Contact our firm today to arrange a confidential discussion about your family law case. Our Contra Costa County divorce lawyer will help ensure that your rights are protected throughout all aspects of sorting out community property, separate property, comingled property, and all manner of marital debts.
I did my own divorce last year by using a do-it-yourself divorce service. It was the biggest mistake I made. I thought I was saving money but in the end it cost a lot more: less custody of my child and no support. I contacted Ms. Sahnan and she fought for more time with my son and got my car back. Thank you!!