Dividing Marital Assets and Debts
Property division is often a contentious issue. In California, community property laws can make the process even more difficult. If you are divorcing, make sure your attorney is thoroughly familiar with the valuation and division of community property.
At the Law Offices of Karlstrom & Krebs, we have been assisting individuals with divorce for more than 25 years. We have the experience to guide you through divorce and other family law matters, helping you make important decisions along the way. Schedule an appointment with a Livermore property division lawyer by calling 925-344-5106 or contacting us online. Your consultation is free.
Community Property Division
California community property law considers all property separately owned before the marriage as separate property. Property obtained during the marriage is community property. However, there are exceptions and special situations that require a knowledgeable attorney to sort through. You can rely on our experience to provide you with the counsel you need.
Before marital property can be divided, California requires full and complete financial disclosure of income, debts, assets and taxes. All marital assets are subject to division, including:
- Personal property such as vehicles, art, jewelry and furniture
- Real estate: primary residence and other property
- Financial accounts
- Retirement accounts
- Businesses and stock options
You must also divide the community debts, including mortgages, loans, credit card balances and taxes. To ensure that your interests are protected, contact an experienced divorce attorney as soon as possible.
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To arrange an appointment with a Pleasanton marital asset division lawyer, please call 925-344-5106 today.
