Property Division

California is a “community property state.” This means that any assets (or debts) acquired by either or both parties during the marriage is presumed to be community property for purposes of property division. This means each party should receive one-half of the value of the property or be one-half responsible for the debt. Sometimes issues may center around title on deeds or  tracing of separate property down payments or contributions. This area of the law can become complex. It is important to use a local knowledgeable family law attorney to unwind these issues. I recommend that you call me at my office for a free thirty (30) minute consolation during which we can ascertain how to get your best “deal.” Inheritances and gifts are not included as community assets.