Going through a divorce is tough, and one of the most complex areas of any divorce case is the division of property. Each state has its own way of handling these issues, and you may need a Simi Valley property division attorney to help you get through this. At The Law Offices of Ronald K. Stitch, you can count on having a qualified family law team by your side throughout the entire process. Call us today so we can get started on your case.
Understanding California’s property division laws
You may know that California is a community property state, but what exactly does that mean?
In a community property state, all property that was acquired during the marriage is equally owned by both parties. During the divorce process, the property must be divided equally between the spouses. As you can imagine, this can lead to conflict during the divorce. Even uncontested divorces may struggle over property and asset division. For a contested divorce, the process can become ugly.
What kind of property needs to be split during the divorce? A better question could be what property is not split during the divorce?
- The marital home
- Other homes purchased
- Any other real estate
- Pensions, IRAs, 401(k)s
- Stocks, bonds, mutual funds
- Vehicles, RVs, and boats
- Furniture, artwork, collectibles
Any property that was acquired during the marriage is considered joint property and subject to be split. Keep in mind that property division also includes debts accumulated during the marriage as well. This can include:
- Tax debt
- Personal loans
- Installment loans
- Automobile loans
- Student loans
- Credit cards
Even if the loans are in your spouse’s name, if they were acquired during the marriage, they are considered community property and subject to be split equally.
Your attorney is your lifeline
Divorces are not uncommon. Though nobody plans on getting divorced, we know that approximately 12% of people in Simi Valley are divorced according to data gathered from the Statistical Atlas. The best way to protect yourself from being treated unfairly is to secure a qualified and skilled Simi Valley property division attorney.
- Do not be caught off guard by your spouse hiding assets
- Do not end up handing over more than you should in the divorce process
Let your divorce attorney handle all negotiations, all analysis of records and financials, and secure a positive outcome to your case.
Let us get to work for you today
It is important to have a skilled team by your side when you are going through a divorce. This is especially true when it comes to dividing your assets. This is arguably the toughest part of the divorce process. You need an attorney who understands the laws of California and who can negotiate on your behalf. At The Law Offices of Ronald K. Stitch, we are ready to get started on your case. When you need a Simi Valley property division lawyer, you can contact us for a free consultation by clicking here or by calling 818-237-4574.