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 and complex property division. With the support of the law firm, the proficient team will work tirelessly to protect your best interests in the case. Consider hiring the Knez Law Group, LLP – contact the law firm to learn more about how the firm can help you protect your legacy. Schedule a free consultation by calling (951) 742-7681 today.

Property Division in California

Property division laws in California can be confusing for anyone facing divorce. Most states in the nation operate under the theory of equitable distribution, meaning, the property and assets of a married couple will be divided in a manner that is fair to each party in the event of a divorce.

The State of California is considered a community property state. Unlike equitable distribution states, any assets and debts acquired during the marriage will belong to both parties equally. Consequently, when spouses get a divorce, all assets and debts acquired during the marriage will need to be divided equally between the parties.

Property Settlement Agreements

Property settlement agreements are written contracts between the divorcing parties, which outline which party will receive what in the divorce. The primary focus of the property settlement agreement is the allocation of the property, however, it is not uncommon to address other matters, such as child support, alimony, and even child custody.

Property settlement agreements can be complex when the following matters are involved:

• Unique assets, such as artwork, collectibles, vehicles, or jewelry
• Stock options, business interests, and related employment positions
• Real estate holdings, such as investment properties and vacation homes
• Retirement accounts, such as IRAs and 401ks
• Investment portfolios

Procuring Proper Valuation of Assets

In divorce cases involving high net worth, identifying the value of the assets of each individual can require a formal appraisal and/or valuation carried out by a qualified and professional expert. Further, it may also be necessary to consult with accountants that can help determine potential tax implications, which may come with the division of assets. Some assets that may carry tax implications include:

• Selling portions of the family business,
• Selling stock options,
• Investment portfolios, and
• Retirement accounts

Contact an Experienced Family Law Attorney

When facing a divorce that involves issues with complex property division, it is important to obtain the support of an experienced family law attorney. A well-established litigator will ensure you are aware of all of your legal options so that you are confident in the decision you make.

The team of dedicated family law attorneys at the Knez Law Group, LLP believe that diligent research, as well as aggressive negotiation, are imperative to ensuring your property and assets are divided equally and fairly. When facing difficult divorce matters, consider acquiring the support of the attorneys at the Knez Law Group, LLP. Schedule a no-cost consultation with the law firm by completing the confidential form here.