Property Division Attorneys in Elk Grove
Helping You Protect What’s Yours
Property division is one of the most common points of contention between spouses who are going through a divorce. If you find yourself in need of assistance when determining the value and equitable distribution of your property, turn to our Elk Grove property division attorneys at Samra Dhillon & Associates.
Our legal team has over 40 years of combined legal experience. Our in-depth knowledge of the laws surrounding the division of marital assets can prove to be an invaluable resource for those seeking to understand their rights and legal options. We are committed to helping you keep what is rightfully yours.
For a free consultation with our skilled divorce attorneys, call (916) 571-1550 now.
How Is Property Divided in a California Divorce?
California is a community property state. Under this system, a couple’s marital property – anything they acquired during the marriage – is to be divided equally between the spouses during a divorce. This also includes the equitable division of any debts that have accumulated while the couple was married, including car loans, mortgages, and credit card debts.
While some couples are able to agree on the terms of property division, many are not. When couples cannot reach an agreement on their own, the court will determine the value of the property and decide how to divide the property fairly.
In some cases, known as complex or high net worth divorces, property division is very complicated. High-asset divorces often involve the division of businesses, real estate, retirement funds, and other personal property that has significant value.
There are different types of property which affects how it's divided. These types include:
- Community property vs. separate property: Community property includes assets or property acquired throughout the marriage. Separate property encompasses any property or assets either spouse owned before the marriage.
- Commingled assets: When separate property mixes with community property it becomes commingled.
- Property characterization & valuation: Before dividing property, it must be characterized as separate, community, or commingled and go through the valuation process.
We Can Help You through This Difficult Time
At Samra Dhillon & Associates, our priority is to help you resolve your divorce efficiently and effectively so that you can move on with life. No matter how complex your property division issue is, we can help you fight for what you deserve.
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