Property Division

Valencia Property Division Lawyers

Representing Clients in Valencia & Santa Clarita Valley

Property division in a California divorce is often one of the most complex and contentious issues to resolve. This issue directly impacts the financial futures of both spouses. Dividing assets requires meticulous attention to detail and a thorough understanding of state laws and the unique circumstances of your case. Disagreements can arise over the value of assets, the categorization of property, and the fairness of proposed divisions.

At Jackman Law, P.C., we represent clients in marital property and debt division cases. Our team understands how this issue can significantly affect your post-divorce financial stability and quality of life. Our mission is to help you maintain economic independence and security.

A poorly handled property division can lead to long-term financial struggles, making it essential to approach this process with professional guidance and a clear understanding of your rights and entitlements.

Arrange for a free case assessment with a Valencia property division attorney at Jackman Law, P.C. by calling (661) 990-9651 or submitting our online contact form. We serve clients throughout the counties of Los Angeles, Valencia, and Orange.

Marital Property & Debt Division in Valencia, CA

California marital property division involves categorizing and dividing assets and debts acquired during the marriage. California is a community property state, meaning that most property acquired during the marriage is jointly owned by both spouses and is typically divided equally upon divorce.

Community property can include:

Income: Earnings from employment or business activities during the marriage.
Real estate: Homes, land, and other real property purchased during the marriage.
Personal property: Items such as cars, furniture, jewelry, and electronics acquired during the marriage.
Bank accounts and investments: Savings, checking accounts, stocks, bonds, and retirement accounts funded during the marriage.
Business interests: Any business or professional practice started or acquired during the marriage.

Community Property vs. Separate Property

As opposed to community property described above, separate property consists of:

Assets and debts owned by one spouse before the marriage.
Inheritances to one spouse.
Gifts given explicitly to one spouse.
Certain personal injury awards secured by one spouse.

Separate properties remain the sole possession of the individual spouse and are not subject to division in a divorce.

Continue Reading Read Less

Our Values Your Case Matters to us

See What Sets Our Dedicated Team Apart

Client-Focused Care

We know how important your case is to you, so we tailor our strategies to focus on your specific needs and goals.
Offering Related Services

Our services run the gamut of what you may encounter throughout your case, providing consistency and continued care.
With You at Every Step

Our dedicated team of compassionate legal advocates will walk through the legal process with you from start to finish.
Communicative & Timely

With our commitment to transparency and communication, you'll never be left wondering where your case stands.

The Process of Dividing Marital Property in Divorce

The process and what courts consider when determining property and debt division generally include:

Identification: Both spouses must disclose all assets and debts. This includes community property and separate property.
Asset valuation: Each asset is appraised to determine its market value. This includes real estate, vehicles, bank accounts, retirement accounts, investments, and personal property.
Agreement or court decision: Spouses can agree on how to divide their property and debts. If they cannot agree, the court will make the decision.
Equal division: The court aims to divide community property equally. This doesn't necessarily mean each asset is split in half; instead, the total value of assets and debts is divided equally. For example, one spouse might keep the family home while the other receives assets of equivalent value.

Factors Courts Consider in Property Division

Many factors can impact how marital property and debt are divided, including:

Nature of the property: Determining whether an asset is a community or separate property.
Contributions to the marriage: Contributions by each spouse, including non-financial contributions like homemaking or child-rearing.
Economic circumstances: The financial situation of each spouse, including earning capacity and needs.
Agreements between spouses: Any prenuptial or postnuptial agreements that outline property division.
Debts: Community debts are also divided equally, and the court considers each spouse's ability to pay.

Special Considerations

Commingled property: If separate and community property are mixed, the court will trace the origins to determine the division.
Business interests: Valuing and dividing business interests can be complex and may require expert evaluation.
Retirement accounts: These are often divided using a Qualified Domestic Relations Order (QDRO), a legal order used to divide retirement plan assets. These orders recognize the rights of alternate payees (usually the non-employee spouse) to receive a portion of the employee spouse’s earned retirement benefits.

The goal is to achieve a fair and equitable division that reflects the contributions and needs of both parties while adhering to California's community property laws.

Continue Reading Read Less

Turn to Jackman Law, P.C. for Skilled Property Division in Valencia

Our team offers the professional guidance needed to navigate the property division process in your divorce. We begin by identifying all community and separate properties to provide a clear and comprehensive understanding of the assets and debts involved. We employ meticulous valuation techniques, often working with financial experts, to accurately assess these assets' market values.

For high-net-worth divorces, our approach includes uncovering hidden assets, evaluating complex financial instruments, or appropriately valuing business interests to protect your financial future.

Our goal is to achieve a fair distribution that aligns with California's community property laws through negotiation, mediation, or, if necessary, litigation.

Book a complimentary consultation with a Valencia property division attorney by contacting us at (661) 990-9651.

"I'm Very Impressed"
Extremely knowledgeable attorneys and staff. Mr. Jackman is detail-oriented and explains all the possible options. I’m very impressed with the manner he approaches any questions I have.

- Victor G.
"Their Dedication is Unmatched"
Their dedication is unmatched; the team goes above and beyond, often working late into the night to ensure every detail is addressed. I couldn't have asked for better representatives during this trying time.

- Charlie S.

View More Reviews

Your legal needs Handled With Care

Schedule A Free Consultation Today

Have questions or ready to get started? Contact our team below.

First Name
Please enter your first name.
Last Name
Please enter your last name.
Phone
Please enter your phone number.

This isn't a valid phone number.
Email
Please enter your email address.

This isn't a valid email address.
Are you a new client?
Please make a selection.
How can we help you?
Please enter a message.
By submitting, you agree to be contacted about your request & other information using automated technology. Message frequency varies. Msg & data rates may apply. Text STOP to cancel. Acceptable Use Policy The information on this website is for general information purposes only.
Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.