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Dividing assets and debts can be one of the most complex and challenging issues in a divorce. You may desire to retain ownership of particular items from the marriage or wish to ensure that assets and debts are divided correctly. Either way, it is imperative you present the best possible evidence before the court when identifying and valuing any marital assets and debts.
At Moradi Saslaw, our divorce attorneys are:
Contact Moradi Saslaw today to discuss the process of dividing assets and debts among Oakland. Our Oakland divorce attorneys can help you understand your rights regarding your marital assets and debts.
At Moradi Saslaw, our divorce attorneys will gather and present the evidence the divorce court needs to accurately divide your marital assets and debts. We do this by taking the time to visit with you about all of your property holdings, particularly those that are difficult to value.
In cases involving special collections, real estate, oil and natural gas interests, and start-up businesses, the assistance of an independent financial professional may be needed to place a value on certain assets. Moradi Saslaw has a network of professionals to assist our clients in the evaluation of the complicated marital property.
We may also be able to help with:
Learn more about the services we offer at Moradi Saslaw by contacting our Oakland office. We will gladly schedule a confidential consultation with a member of our legal team at a convenient time for you.
California is a community property state. Any property that a couple acquires during their marriage or partnership is “community property.” Any debt that a couple acquires during their marriage or partnership is “community debt.”
Community property includes everything that spouses or domestic partners own together, except for gifts or inheritance. It also includes all the earnings that either spouse or partner earned during the marriage and purchases made.
In California, each spouse or partner owns one-half of the community property and is responsible for one-half of the community debt. Usually, the two are equally divided.
Separate property is anything a spouse or partner owned before the marriage or registration of the domestic partnership. Inheritances and gifts to one of the spouses or domestic partners are separate property unless stated otherwise. Profits generated from separate property and purchases made from those proceeds are also separate property.
Separate property also includes those things acquired after the date of separation, including monies earned.
When a property is partially separate property and partially community property, it is “commingled” or mixed property. It can be quite tricky and require the assistance of experts to divide the commingled property.
For more information about community property laws in California, contact the experienced legal team at Moradi Saslaw. Our Oakland divorce attorney can guide you through even the most complex asset and debt division issues using creative, personalized solutions tailored to meet your goals and expectations.
Moradi Saslaw can also address your other divorce matters, including, but not limited to, child custody, visitation, support, and alimony. Speak with one of our skilled professionals today.