Division of Property Lawyer in Glendora
Pursue Resolution with a Glendora Divorce Attorney
If you are involved in a divorce, it is understandable that you wish to reach a resolution as expeditiously as possible. Unfortunately, forming a divorce agreement too quickly can produce negative outcomes and lead to undesired consequences down the road.
It is important to be conscientious and strategic as you plan your divorce in order to protect your hard-earned assets and your future well-being. With 27 years of experience, our Glendora divorce lawyer at the Law Office of Charles J. Morris, Jr. can help you accomplish this goal. Mr. Morris is a Certified Family Law & Divorce Specialist, meaning he has taken the time to specialize in this field of law. You can trust that he will fight for your best interests.
Call (626) 587-2677 to learn more about your case today.
How is marital property divided in the state of California?
In a divorce agreement, property must be fairly divided between the two parties; however, evaluating an estate is an extensive and complicated process.
Every aspect of the estate must be accounted for, including but not limited to:
- Bank accounts
- Pension plans
- Private businesses
- Real estate
- 401(k) accounts
Property acquired during the marriage is considered marital or community property and will be divided. However, assets belonging to one party before the marriage are not subject to division.
Definition of Community Property in California
In California, community property is defined as real and personal property that is acquired by a married individual while living in the state, including property located outside the state. Unless the property is separate property (meaning that a spouse acquired it before the marriage, acquired it as a gift, or acquired it as an inheritance), it is considered community marital property.
Unless there is an agreement between the two parties, the property is divided evenly between both parties. Obviously, this is easier said than done and can become a significant point of disagreement and contention between one spouse and the other.
Agreements that would affect the division of community property would include:
- Prenuptial Agreements: These agreements are written up before marriage and must conform to certain rules that would protect each individual from an unfair agreement.
- Marital Agreements: These agreements are written up during the marriage or during the divorce process and outline the classification of the property.
- Postnuptial Agreements: These agreements are written up concerning the classification of property after the marriage and can be enforced only if the agreement is fair to each person.
Our Glendora divorce lawyer can help you fight for your rights in the matter and work towards a favorable outcome on your behalf.
Call (626) 587-2677 for a Case Evaluation!
In complex situations such as dissolution of marriage, the resolution of a property classification dispute requires the assistance of legal counsel experienced in California community property law. We invite you to meet with our knowledgeable and caring legal team at the Law Office of Charles J. Morris, Jr. We offer an initial consultation, so take the opportunity to learn more about your case and how we could help you.