Property Division Basics
One of the most complicated aspects of most divorces is the division of property, a potentially arduous process in which all of the marital property must be accounted for and divided between the divorcing spouses. In many ways, property division can shape your future. It can therefore be very important to understand the basics of property division in California and know how the process works.
If you are considering filing for a divorce, the attorneys of the Law Office of Daniel Jensen may be able to help you secure the property division terms you want. Contact our San Jose divorce lawyers today by calling 408-296-4100.
Knowing the Basics
California is an equal-division state, meaning that the property must be equally split between divorcing spouses, 50-50. This means you and your spouse may have to determine who gets:
- The house and any other real estate you own
- Any vehicles you have
- All investments, including retirement and stock portfolios
Under California state law, all of this property must be evenly divided between both spouses, so that the value received by both is equivalent. Pre-marital property does not have to be divided, with spouses able to retain property they own outside of the marriage. The laws surrounding pre-marital property may be confusing, and it may help to discuss your situation with an experienced attorney.
Contact Us
If you or someone you love is going through a divorce, the San Jose divorce lawyers of the Law Office of Daniel Jensen may be able to help. To find out more about what we can do for you, contact us today by calling 408-296-4100.
