Understanding The Asset Division Process

When faced with the daunting task of dividing marital assets during a divorce, it is important to understand how California regards community and separate property. California is a community property state which means that assets acquired by either spouse during marriage are generally considered to be community property and therefore are divided equally upon divorce. Characterizing and evaluating all of the marital property during divorce is a complex process and requires a knowledgeable and experienced attorney to help you understand your options.

Are you facing divorce? Call our Palm Desert office at 442-227-2842 for knowledgeable legal guidance.

What Will Be Divided?

It is important to partner with a legal professional who understands the intricacies of California's community property laws. When dividing marital property, there are many assets to consider, including:

  • Family residence
  • Other real estate i.e. investment, rental or vacation property
  • Business assets
  • Stock options/pensions
  • Retirement plans
  • Insurance policies and proceeds
  • Personal property
  • Collectible items

These assets can be characterized as community, quasi community, separate or combination. Determining their classification can be a difficult undertaking unless you have the proper legal assistance. All divorcing couples must complete the Income and Expense Declaration and the Schedule of Assets and Debts forms. These are two very crucial documents that must be carefully completed under penalty of perjury; therefore, it is essential that both items are honestly and thoroughly completed. Our experienced attorney can help accurately complete these forms in a timely fashion.

Contact Us For Thorough Legal Support

The Law Office of James A. Jackson addresses all aspects of divorce, including asset division, debt division, spousal support and child support. With 30 years of experience, we provide California residents with aggressive and effective legal representation. Achieving a successful outcome for your case is our number one priority.

Asset division is complex. Call 442-227-2842 to discuss your case with an experienced attorney. You may also contact us online. We serve clients throughout the cities of the Coachella Valley.