Under California divorce laws, when a married couple divorces, their community assets and debts will be divided equally. This means that they will be divided fairly and equitably. California is one of nine “community property” states when it comes to divorce. This means that the assets and debts acquired and incurred during your marriage will be divided equally at the time of the divorce.
There are exceptions for specific items received during marriage that are considered “separate property” under the law. People who divorce in California have the option of negotiating a division of property agreement that meets the needs of both spouses, even if that does not result in an even division of marital assets. Call an experienced California family law attorney at Blasser Law for help with a dispute about division of property, divorce, or any other California family law matter. You've heard that because California is a community property state, spouses divide everything by 50%, but you don't know how to decipher community property versus separate property, how to disentangle assets or debts that have been mixed during the course of your marriage, and whether or not you and your spouse can have a say on how to divide your assets and debts fairly and equitably.
If you hire divorce lawyers who can't help you and your spouse reach an agreement, you'll have no choice but to fight in a California court. Bill earned his bachelor's degree in Economics from the University of Montana in 1997 and his Juris Doctor from Western State College of Law in May 2004, where he graduated with distinguished academic honors. But now that you're facing a divorce, you have questions about California community property and how exactly the division of assets and liabilities works. California, along with eight other states, uses the community property standard to determine what assets are allocated to each spouse in a divorce.
The Supreme Court left the trial court ruling in place, citing the requirement under California law that community property be divided equally in a divorce. California is a community property state, which means that everything you and your spouse earned or bought while in marriage belongs to both of you equally. In general, assets and debts acquired from the date of marriage to the date of separation constitute marital property in California. If you have questions about a pending divorce or property division matter in Southern California, call an experienced Claremont divorce and property division lawyer for advice and assistance.
Instead of asking about the principles of equity and equity, California courts simply ask if the property is community or separate. Lisa earned her double bachelor's degree in Criminal Justice Administration and Sociology (with emphasis on Social Deviation) from San Diego State University in 2001 and her Juris Doctor from Western State College of Law in 2004, where she graduated with academic honors. Bill is 61, Diane is 48, they've been married for 25 years, there's no dispute over premarital assets, and Diane wants a divorce.