Orange County Property Division Attorney
Property Division Attorney Orange County
Dividing the Assets
In a divorce, the characterization of property must be determined before the judge can divide and disperse the property. Characterization means determining whether a certain piece of property is the wife’s separate property, the husband separate property, or community property. This is not always easy to determine. Property acquired from the date of your marriage until the date of your separation, is legally presumed to be community property, which means it equally belongs to both spouses. If you acquired property before you got married, that property will remain your separate property unless you give it to your spouse or to the community in some form of a writing. Generally speaking community property will be divided 50/50. This includes money either party invested into their retirement accounts, monies in bank accounts, as well as debts incurred during the marriage. This can include debts that the other party is not listed on, and often don’t even know exist. If you have more specific question on this subject, feel free to give us a call at Pinkham & Associates. We would be happy to provide a free initial consultation.
Dividing the Business
We at Pinkham & Associates have worked with all of the best known and most respected business experts in Southern California. We work with these professionals to determine the values of income, assets, and liabilities of the business and all other financial information relating to the business to determine the business valuation.