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Asset & Property Division in Westlake Village

Protect Your Fair Share of Marital Property

One of the biggest concerns for divorcing couples is ensuring that each party receives his or her fair portion of the marital property. If you are currently in the process of a divorce, it is important to consult a Westlake Village divorce lawyer to ensure your interests are addressed. We can provide the legal representation you need.

When separating, the following things should be taken into consideration regarding the division of the property:

  • Marital property includes any property or assets that were obtained during the course of the marriage.
  • California requires marital property to be divided based on net worth, not actual physical property.
  • This may mean that if both names are on a loan document, mortgage or business, the assets will be divided based on equivalent value.

How is the marital property divided in California?

When it comes to property and assets such as bank accounts, retirement plans, benefits packages and, 401(k) or stocks, the law can get complex. Judges sometimes look at the length of the marriage and the amount of interest that was accumulated in these assets or accounts during the course of the marriage to help determine value. If you are concerned about your asset or property division case, allow us to assist you.

Most jurisdictions may consider any interest accumulated during the course of the marriage as marital property, which may be subjected to division as well. In some circumstances, debt can be divided equally between the separating parties, meaning you could end up with a significant amount of your spouse's debt. If you entered into your marriage without a premarital agreement, it is important that you contact a Westlake Village divorce attorney right away.

Divorce Lawyer Serving Westlake Village, Thousand Oaks & Ventura

There are many laws regarding division of property and assets, and without the representation of an understanding family law attorney in Westlake Village, Thousand Oaks, and Ventura County, you could end up with an unfair settlement. When you work with our certified family law specialist, we look into all aspects of your case and evaluate all assets that were obtained during the marriage. We are aware that family law concerns can cause a great deal of emotion and want to ensure that you receive proper reimbursement for the time that you spent in the marriage.

A few resources regarding property division include:

At the office of Debra J. Kay Attorney at Law, we are committed to helping you understand your situation. We draft effective plans to help you move forward with your lives. All questions and concerns can be directed to our firm by scheduling an initial consultation with one of our seasoned divorce lawyers who has extensive experience with property division in divorce.

Contact Debra J. Kay Attorney at Law today to get started.

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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.

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Debra J. Kay Attorney at Law - Westlake Village Divorce Attorney
Located at 2801 Townsgate Rd, #360 Westlake Village, CA 91361. View Map
Phone: (805) 416-0212 | Fax: (805) 379-2228
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