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How will your property be addressed in a divorce case?

California residents who are going through a divorce case probably have quite a few concerns on their minds. For example, in divorce cases that involve minor children, issues such as child custody and child support will likely need to be addressed, in addition to the two other main issues that pop up in all other divorce cases – alimony and property division. In any case, property division can easily become the most contentious issue. So, how will your property be addressed in a divorce case?

Property and debt division

Well, for starters, it is important to understand that dividing property isn’t the only financial issue that needs to be addressed in a divorce case. Dividing debt also needs to be accomplished. In California, divorcing couples will probably become quite familiar with the term “community property.” Under this legal principle, each of the soon-to-be ex-spouses is entitled to half of the property at issue in the divorce.

Unfortunately, the concept of dividing things “right down the middle” is hardly the way things play out in divorce cases in California. From the start, a divorcing couple could fight about what property, exactly, should be up for division to begin with. The same goes for debt as well.

At our law firm, we understand that California residents can be, rightfully, concerned about how a divorce will impact their finances, both in the short-term and the long-term. Financial security is hard to obtain and, if it is jeopardized by a marriage that is breaking down, the stress can seem insurmountable. At our law firm, we do our best to help our clients find the right solutions for their own unique divorce cases. For more information, please visit the divorce overview section of our law firm’s website.