There are many reasons you may hesitate to file for divorce. You may have children and worry about custody arrangements. You may own a business and be concerned that there would be a business dispute if you left your spouse. While these are all valid concerns, the truth is that if you and your spouse need to split up, it’s not going to get easier.
It may be time to act. At Law Offices of Torrence L. Howell, we don’t want your concerns about property rights to be the reason you stay in a situation that’s not right for you. Read on to learn the basics of property rights in California. If you want to talk to us about your specific situation, contact us at (909) 920-0908 for more information.
Figuring out how to divvy up property is one of the hardest parts of divorce
You’re not wrong to be concerned – separating property, assets, and debts can be the hardest part of finalizing a divorce. In some cases, one spouse may attempt to hide assets from the other. In other cases, you may feel so guilty that you are overly generous. The good news is that you’ll have legal help there. When you work with Law Offices of Torrence L. Howell, we can help protect you from the most common mistakes and pitfalls couples make.
In fact, when you choose Attorney Howell, you’re not just getting a family law attorney – you’re getting an attorney who also has a background in both finance and business. As a result, he understand the complications of property rights in even the most complicated situations. You can trust that we’ll always have your best interests in mind.
Property rights in California
California is what’s known as a community property state. This means that both spouses are entitled to 50% of assets and property that was acquired during the marriage. This can include jewelry, money in bank accounts, stocks, bonds, cars, retirement funds, furniture, collectibles, and real estate.
Not all property falls under the community property classification. For example, if one spouse acquired money or property before the marriage, then that property or money would remain theirs. Additionally, if they have income from that property then even the income generated from that previously-held property during the marriage would not be part of the community property designation.
Your next step is to find out what your options are
The above information is general in nature but the truth is that every situation is unique. If you want to know what your options are, what would be included in your family’s community property, and what your likely options or obligations for spousal support would be, reach out to Law Offices of Torrence L. Howell at (909) 920-0908.
Even if you’re just at the beginning stages of considering your options, it’s helpful to have as much information as possible. We can help ensure you have that. Stop worrying about what your options are and find out the facts today. Call Law Offices of Torrence L. Howell.