Riverside Divorce Attorneys Helping You Navigate Property Division
At Cullen Family Law Group, we understand that property division can be one of the most stressful and impactful aspects of the divorce process. You may worry about losing significant financial assets or taking on debts you had no role in incurring. Property division doesn’t just split up assets; it can feel like your life is falling to pieces.
However, with skilled family law attorneys by your side, you can confidently navigate this challenging process. Our team is dedicated to helping individuals in Riverside and across Southern California achieve fair outcomes in property division, ensuring you retain what belongs to you and are not burdened by unfair financial responsibilities.
An Overview Of Property Division In California
Under California law, marriage is a partnership where assets and debts acquired during the union are considered community property. Community property is divided between spouses in the event of a divorce. So, understanding the distinction between community and separate property is crucial. Here’s the difference:
- Community property: Generally includes earnings from employment and assets acquired with those earnings during the marriage.
- Separate property: Includes assets owned before marriage, gifts or inheritances received solely by one spouse, even during the marriage.
Debt accrued during the marriage is also classified as community or separate. This can also impact what the courts decide to do with it during divorce:
- Community debts: Debts incurred during the marriage are the responsibility of both parties.
- Separate debts: Debts incurred before marriage or after separation are generally the responsibility of the individual who incurred them.
Understanding these classifications helps ensure that each party takes on only the financial obligations that are rightfully theirs, paving the way for a more equitable division.
How Does Property Division Work In California?
The process of property division involves several main steps:
- Identifying all assets and debts
- Classifying assets and debts as community or separate
- Valuing the classified assets and debts
- Dividing them according to legal guidelines
Valuation plays a critical role in this process, especially for:
- Real estate
- Businesses
- Significant personal property
Here is how we approach the valuation of assets:
- We gather comprehensive documentation.
- We work with professional appraisers when necessary.
- We ensure every asset is valued fairly to protect your interests.
Debts are handled with equal care, ensuring that you are only responsible for those that are rightfully yours.
Why Choose Cullen Family Law Group For Property Division?
During property division, having the right legal representation is crucial. Negotiations can be complex, and the outcome can significantly affect your future. Our Riverside attorneys bring a thorough understanding of California’s community property laws to every case. We focus on providing clear, actionable guidance to ensure your assets and debts are assessed accurately and fairly divided. We stand by you to safeguard your financial stability, ensuring that the property division is handled with the utmost care and professionalism.
Talk To Our Family Law Attorneys Today
Are you facing challenges in the property division process? You don’t have to navigate them alone. Contact our Riverside law firm today at 951-715-4632, or send an email to request a consultation with a member of our team.
Our skilled family law attorneys are here to guide you toward a resolution that honors your contributions to the marriage and protects your future. Let us help you close this chapter on fair terms and start anew with peace of mind.