According to California Family Law, anything acquired during the marriage, regardless of which spouse purchased it and whose name is on the title, is presumed to be community property and subject to equal division during divorce or legal separation. At Primus Family Law in San Diego, we have more nearly two decades of experience helping people like you pursue a division of property that is right and reasonable.
One of the first steps that needs to be taken prior to dividing property is to determine what items are separate property. Separate property is any property you acquired prior to the marriage, since separation or during the marriage by inheritance, bequest, devise and/or gift and any accumulations to that property. All else is considered community property and subject to equal division.
We understand how to address property of all types, including homes, cars, retirement accounts, businesses and even family pets.
It is important to understand how property is valued by the court. Your household property, from the television set to the furniture, is not worth what you paid for it. Replacement cost is not the value of the property. Property is worth what it could be sold for at a garage sale, which in most cases is not much.
While these issues can lead to heated disputes, it is important to look at the big picture. The experienced attorneys at Primus Family Law pick our battles wisely to save our client's time and money in order to focus on what is important for the client.
© 2016 Families 1st Law & Mediation | Website by letmkno marketing