Dividing property in the aftermath of a divorce can become the most contentious part of the process. This is especially true when a couple has a complex array of assets or higher income levels. Property division is required by law, but the process of fairly dividing the property can be incredibly complicated. At the Law Offices of Ronald K. Stitch, our Thousand Oaks complex property division attorneys are going to get to work on your case today so you can have peace of mind tomorrow.
Property division is not always easy
We live in what is considered a community property state in California. The laws here define that any property that is acquired during the course of a marriage is considered jointly owned property (community property). This has a major impact on divorce and requires that all property be split equitably between the two parties. The process of dividing assets is even more complicated when there is a range of assets, and when these assets are considered “high-value.”
Consider the following in that may need to be divided in the event of a complex property divorce case:
- Investment portfolios (stocks, bonds, mutual funds, ETFs, REITs, etc.)
- Retirement accounts (401ks, IRAs, pensions, etc.)
- Stock options related to employment agreements, business interests, etc.
- Real estate (marital home, second homes, vacation homes, commercial property, investment property)
- Any businesses or professional practices owned by either party (these will need to be properly valued)
- Investments and collectibles, including things like art collections, jewelry, cars, and more
- Any other property between the two parties
How to be sure this is done correctly
When you look at the list above, you can see that this process could become incredibly in-depth and require extensive investigation. Your Thousand Oaks complex property division attorney will work with accounting and financial experts to ensure that every detail is done correctly.
In most cases, your attorney will use the discovery process to obtain all evidence necessary for this case. This will allow your attorney to uncover evidence of all assets, even if your spouse is trying to hide anything. This will include a demand for financial documents such as tax returns, loan applications, bank records, and more. Your attorney could also require your spouse to testify under oath about their assets.
Importantly, your attorney will handle all negotiations between you and your spouse’s legal team in an effort to ensure a fair settlement is reached.
Let us get to work on your behalf
If you are going through a divorce, you should have an ally on your side who will have your back and ensure you are treated fairly. This process can be even more complicated when you begin dividing assets. At the Law Offices of Ronald K. Stitch, our knowledgeable and experienced team is going to help you through this. We understand complex property division issues in Thousand Oaks and will vigorously work to ensure you receive your fair share. You can contact us for a free consultation by clicking here or by calling 818-237-4574.