Westlake Village Property Division Attorney
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.
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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
attorney right away.
Serving Westlake Village, Thousand Oaks & Ventura
There are many laws regarding division of property and assets, and without
the representation of an understanding 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.