Palo Alto Division of Assets and Debts Lawyer

The division of assets and debts is often a contentious issue in a divorce. Separating the financial lives of two people, especially after a long marriage, can be a delicate process requiring professionals skilled in marital property division. If you are in the midst of property division in a divorce, you need a legal team to protect your financial interests both now and into the foreseeable future.

At Moradi Saslaw, our experienced divorce attorneys:

• Possess the resources and expertise to identify and value even the most complex marital assets and debts;
• Understand and are compassionate of our client’s divorce struggles; and
• Create unique strategies when dividing assets and debts that meet our client’s specific needs.

If you have questions about asset and debt division, real property division, or other related practice areas, you can count on Moradi Saslaw to provide practical, reliable counsel. Speak with one of our Palo Alto family law attorneys today.

Let Our Palo Alto Divorce Attorneys Help You

There is no reason to face your property division case alone. Dividing assets and debts in a divorce can be a complicated ordeal. At Moradi Saslaw, we will help you reach the best solutions possible for your case.

Our Palo Alto divorce attorneys are here to make your property division go as smoothly as possible and remove some of the emotional turmoil from the transaction. Moradi Saslaw’s attorneys will aid you by doing the following and more:

• Accounting for your marital assets and liabilities;
• Explaining and ensuring you understand California’s laws regarding property division and their effect on your marital estate;
• Helping to devise a plan to repay the marital debt;
• Determining if spousal support will be a factor in your divorce;
• Assessing any impact of your divorce on retirement accounts or benefits;
• Preparing final divorce documents that clearly and correctly reflect any settlement; and
• Negotiating a property settlement or litigating the division of assets and debts before the court.

Contact Moradi Saslaw now to learn more about our full-service family law firm. Have your questions and concerns been addressed by a Palo Alto property division professional.

Property Division in California

California is a community property state. This means that any assets and debts acquired during a marriage belong equally to the spouses and are divided equally upon divorce. Couples have the choice of making their own agreement as to property division or requesting the court divide their assets and debts on their behalf.

Community Property Versus Separate Property

To divide property in a divorce, the property must be identified as community (marital) or separate (individual). In California, there is a presumption that property accumulated by a couple during a marriage is community property. Separate property belongs to the spouse who owns it and is not generally divided in a divorce.

Separate property in California includes property one spouse owned alone before the marriage or acquired by gift or inheritance during the marriage. It also consists of the following:

• Items purchased with or exchanged for separate property;
• Earnings on separate property;
• Any increase in the value of separate property; and
• Property spouses acquire before divorce but after the date of separation.

Many types of assets can be “commingled,” or partially community and partially separate property, such as retirement accounts or businesses, started before but continued and contributed to by both spouses throughout the marriage.

Contact an Experienced Palo Alto Divorce Attorney

If you need a divorce attorney in Palo Alto who will protect your legal rights and property, look no further than Moradi Saslaw. Our divorce attorneys care about you and are dedicated to providing you with the legal services you deserve.

Contact Moradi Saslaw today to learn about our approach to divorce and asset preservation.