Dividing Assets And Debts Through Divorce
Some of the most hotly contested issues in a divorce relate to the division of marital property. The way in which marital property is divided can have a great impact on your lifestyle going forward. Judges have a great deal of discretion when distributing marital property, and there are a wide range of potential outcomes in these kinds of disputes. If you want the best chance of achieving your goals and reaching a favorable outcome, you need to work with an experienced family lawyer. I am attorney Paula D. Kleinman. For more than 20 years, I have devoted my legal practice to helping people in divorce and other family law matters. My law firm is located in Vista, California, and I serve clients throughout San Diego County. Contact my law firm today.
Working Hard To Protect Your Rights Under The Law
Under California law, all marital assets and debts must be divided equally. In addition, there can be disputes between spouses over what constitutes marital property and what property is separate property. Generally speaking, any property a spouse brings into the marriage, or any property he or she receives as a gift or inheritance is separate property.
Property division can involve a number of intricate legal issues. For instance, if one spouse has ownership of a family-owned or closely-held company, how will the business be divided? Due to the downturn in the housing market, many spouses own homes that are now worth far less what they originally paid. How will this debt be divided? What if you and your spouse entered into a prenuptial agreement? Is the agreement enforceable?
You can depend on my law firm to address these and any other issues to help you reach a property division settlement that meets your needs. I understand how to properly evaluate unique marital property, and can inform you on any potential tax consequences in your case.