How to protect your financial interests
As a community property state, California has complex rules regarding the division of property in divorce. Community property is income earned, or assets and debts acquired during a marriage or registered domestic partnership. Separate property is income earned or assets and debts acquired before marriage or after separation. Inheritance and gifts are considered separate property regardless of timing. There are exceptions to these rules and determining exactly which assets and debts to include in the process is not always easy and may be contested. Absent a prenuptial agreement, the law states that community property should be divided equally between the parties.
At Moradi Saslaw LLP, our family law attorneys are strong advocates for our clients during the property division process. We are experienced with dividing and valuing almost every type of asset, including limited partnerships, stock options, and professional practices. Our financial and business education and experience allow us to guide clients effectively and litigate any disputes that arise.
What assets might be included in property division?
Our family law lawyers can assist with valuing and dividing all types of marital property, including:
- Personal property (such as vehicles, art, and jewelry)
- Real estate (residences, vacation properties, and fractional interests)
- Stocks, bonds, stock options, and all types of private investments
- Interests in professional practices
- Retirement accounts, pensions, and IRAs
- Family-owned businesses
- Debts (including mortgages, taxes and credit cards)
When appropriate, we consult with forensic accountants to establish separate property and determine the value of businesses and other assets and investments. Our divorce attorneys will prepare an analysis of your property that will allow you to consider various settlement possibilities and make informed decisions about your future.