Property Division in CA Divorce
Sherman Oaks Divorce Lawyer
Property division issues during divorce proceedings are overwhelmingly complex. In fact, the legal issues are often so dense and complicated and the consequences of making a mistake so severe that you should consult legal representation before filing any legal paperwork or pursuing any formal actions.
California is what is known as a community property state. This means that any assets, as well as debts, acquired during a marriage or partnership are the property of both partners. In the event of a divorce or legal separation, this property is subject to distribution between the partners. For the purpose of these proceedings, property is anything that can be bought or sold, or anything that has value, including but not limited to:
- Bank accounts and cash
- Security deposits on rental properties
- 401(k) plans
- Life insurance with cash value
Property division is notorious for being one of the most difficult and intensely charged aspects of legal separation and divorce proceedings. Even people who do not choose to work with an attorney for their entire divorce process often consult legal counsel during the property and debt portions of their case because there is so much at stake.
Experienced Representation for Complex Issues
Taub & Taub, P.C. has more than 40 years of combined experience, and our legal team is prepared to handle the complexities involved with property and debt division. The court will look at a number of factors when determining how to distribute community property, and there are many tools and strategies our lawyers can use to effectively ensure that these matters are resolved fairly and as favorably as possible. With our comprehensive family law experience and extensive legal knowledge, our Century City divorce attorneys can represent your interests regarding your property, debts, and assets.