Complex Property Division in a California Divorce

While matters such as spousal support and child custody are often some of the most emotional and contentious components of a divorce process, complex property division is usually one of the most challenging. When facing divorce in the State of California, seek the legal support of a knowledgeable family law litigator who can assist in streamlining the process for you. With many years of dedicated legal experience, the litigators at the Knez Law Group, LLP are able to help you through the court procedure. The Knez Law Group, LLP is exceptionally versed in an array of family law cases, including divorce...

01 January

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Asset Division is a Complex Matter in California, Here’s Why

Posted by Matthew Knez

in Divorce

The State of California is a “no-fault state,” generally with regard to divorce. In layman’s terms, this means that a person can file for divorce without having to allege some wrongdoing on the part of their spouse. The primary reason for seeking a divorce in California is “irreconcilable differences.” In some circumstances, the permanent legal incapacity of the spouse to make decisions will also provide a basis for dissolution of the marriage (“divorce”). While filing for divorce is fairly simple, several legal aspects can make the matter complex and convoluted. One of these is property division. Although property division is...

15 October

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Dividing Debt in a Divorce Case in California

Posted by Matthew Knez

in Divorce

When a married couple in California make the decision to divorce, any assets they accumulated while married will be divided between them. For a vast majority of married couples, assets are not the only thing they must divide. For example, many couples in California have debts that must also be divided. The couple can either make a decision as to how the assets and debts will be divided in a settlement agreement or they can have the courts decide on their behalf if they cannot reach an agreement. If you are facing a divorce in California and need to ensure...

20 September

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What You Should Know About Property Division in a Divorce

Posted by Matthew Knez

in Divorce

The State of California is considered a community property state, as opposed to an equitable distribution state. Any property and assets obtained during a couple’s marriage will be presumed to belong to both spouses equally in California. For this reason, the property typically must be equally distributed between the spouses by a judge in the divorce. However, the right to equally division can be affected by agreements of the parties as well as the conduct of the parties such as a party effecting a transmutation. Further, despite the equal division, parties may have claims for charges and credits as to...