PROPERTY DIVISION
Before your divorce can be finalized, you and your spouse need to reach an agreement on the division of your assets and debts. Property division is a necessary part of every divorce. Property includes not just your assets, but your debts as well. It’s critical to have an experienced attorney or mediator assist you in determining which assets and debts are community property and which assets and debts are separate property. Often times, especially in longer marriages, certain assets and debts are both community and separate property. Regardless of the length of your marriage, it’s very important to ensure that you understand California law and how it applies to your situation. For example, what do you do when you live together in a house that belonged to your spouse before you got married? What are the rights of each person with respect to that property? Who is responsible for the mortgage? These are very important questions that need to fully discussed and addressed. It’s critical to understand the law so that you will feel more confident in negotiating your property division with your spouse.
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