LA Property Division Attorneys
Divorce and Property Division
As a marriage unfolds and dissolves, after child custody/support issues are laid to rest, the next major area that demands resolution is property division. What belongs to one party, and what belongs to the other? Who is saddled with debts? Who gets the house? What happens with investments? A myriad of questions arise, and people worry. They worry that as their marriage disintegrates, so will the fruits of their labors—or even worse, that all their possessions will go into the hands of their ex-spouse.
California laws set parameters for property division, defining community property, separate property and quasi-community property. Our property and divorce attorneys in LA take all the time needed to explain your rights and to help you understand what to expect. In settling property division, many factors are weighed, including asset characterization and valuation, in addition to pending the divorce, who will have use of the asset and who will pay the mortgage and other debts.
Assets to be distributed may include:
- 401Ks
- pensions
- stocks
- bonds
- residence
- business interests
- gifts
- inheritances
- assets acquired prior to marriage
Filing bankruptcy is also taken into consideration. You may even find that you and your spouse are able to agree on how to divide your property. However, if not, the court will make final decisions, and in that event, our attorneys will aggressively defend your rights and provide vigorous representation on your behalf. Our child custody lawyers in Los Angeles can also assist clients with LA child custody lawsuits.
If you are concerned about property division, please contact our property and divorce lawyers in LA at 310-391-6800. We will be glad to arrange a consultation.
