When couples decide it’s time to divorce in California, their marital home is usually the most crucial asset to distribute in the divorce settlement. Frequently, spouses ask us if they can remain living in the house, keep ownership, or have to sell it? Since the issue of selling or keeping […]
The state of California is a community property divorce state. In other words, if you are getting a divorce in Los Angeles County, the family law court will typically divide the property equally, a 50/50 split down the middle. However, the judge will only divide community property, which is generally […]
When you make a decision to get divorced, then you will soon have to start considering your assets and debts. If you are still making payments on a student loan, or your spouse is making payments, then you will probably have some valid questions on how they will affect […]
After you decide to get a divorce, you will now have to make many crucial decisions. For example, you and your spouse will need to decide on the division of marital assets and property. While you were married, you will typically purchase many items together as a couple and […]
Since California is a community property state, all property acquired by a spouse during the marriage is community property under Family Code 760. This means if you are are married and living in California, any property acquired during marriage is considered half property of each spouse, including income, a […]
You built a life and a home with your spouse, but now the time has come to divide that life and home. Divorce is often an emotionally and logistically complicated process, causing many to seek the services of a well-versed divorce attorney in Los Angeles. One of the complexities and […]
One of the major concerns in any divorce – second only to child custody concerns – is how your community property (also known as marital property) will be divided between you and your divorcing spouse. While the division of some assets is fairly straightforward, many people have concerns when […]
If you or your spouse was injured as a result of someone else’s negligence that left you with a personal injury award, that award money may be divided between in a divorce. In other words, both the injured spouse and the non-injured spouse may be entitled to half of […]
California is one of only a handful of states that strictly adheres to community property laws, which deem that everything acquired during the course of a marriage is community – or marital – property. This means that all such property belongs equally to both spouses. Even hard-line community-property states […]
California is a community property state, which has fairly simple rules for dividing property when a couple gets a divorce. However, one of the most difficult issues of divorce frequently involves making decisions on how to divide assets.
The first step in any discussion on how to divide marital assets […]
