There’s nothing fun about a divorce but the division of property is often the hardest part of all. In some cases, one spouse will try to hide assets from another, in other cases one spouse will feel guilty and will have the urge to give away much more than they should.
The good news is that all it takes is a good property rights attorney on your side to ensure your rights are protected. At Law Offices of Torrence L. Howell, we know the pitfalls that are most likely to lead to an unfair division of assets. Attorney Howell has a background in both finance and business, which means he’s able to easily grasp even the most complicated financial information and use to your advantage.
California is a community property state: What does that mean for you?
Since California is a community property state, both spouse automatically get half of the assets and property that was acquired during the marriage. This can include things like the money in bank accounts, stocks and bonds, funds in retirement accounts, vehicles, jewelry, furniture, real estate property, and collectibles. On the other hand, anything that one spouse already had before the marriage, and any income that came from the property they already owned, remains their exclusive property.
Note that just because California is a community property state doesn’t mean that they’re required to split everything in half. Instead, you can work with a property rights attorney who will work with you to find an agreement that works for you. We can negotiate out of court, or offer expert representation in the courtroom. It all depends on how aggressive you want to be and what your options are. One thing’s for sure: We’re here to help.
What to do when business property is involved
If you or your soon-to-be-former spouse are the owner of a small business, then there will need to be special consideration made to decide how that business’s assets will be split. At Law Offices of Torrence L. Howell, we’ve worked with both business owners who wanted to ensure they didn’t have to give up a huge chunk of their business, as well as spouse who needed to ensure that they’d get a fair shake of a business they helped run.
Attorney Howell understands all the different perspectives and legal issues that can come up with these cases. No matter what side you’re on or what your goals are, you can count on him to represent your interests.
Call today for a free case evaluation
Today is the day to learn more about your options. All you need to do is call Law Offices of Torrence L. Howell at (909) 920-0908 for your free consultation. We are here to help ensure that you find the best possible outcome in this difficult time.