1365 West Foothill Boulevard Suite 2
Upland, CA 91786
Phone: (909) 920-0908
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Law Offices of Torrence L. Howell - Providing Over 20 Years of Industry Leading Experience in Family Law, Business Law and Criminal Law
 
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Property Distribution After a Divorce: What Happens When One Party Owns a Business?

Property Distribution After a Divorce: What Happens When One Party Owns a Business?There are many steps to a divorce that are complicated and emotional. Property distribution can be one of the hardest parts. It would be hard enough anyway, but too often one party will try to hide money or assets. We’ve also seen many situations in which one party feels guilty and gives away much more than is fair.

For these and other reasons, it’s essential to hire a family law attorney in California who is experienced with property rights. When you work with Law Offices of Torrence L. Howell, you can count on all your rights being protected. He has a dual background in finance and family law, which means he understands even the most complicated of property disputes. To get a free case evaluation, give our offices a call today at (909) 920-0908.

Remember that California is a community property state

Remember that California is a community property state, which makes things easier in some ways. What it means is that both spouses are automatically entitled to half of everything acquired during their marriage, including everything in their bank accounts, retirement funds, jewelry, furniture, stocks, bonds, cars, collectibles, and real estate.

Of course, this can get more complicated when discussing assets a person had before the divorce, or if the situation involves income that comes from a property that one spouse had before they were married. Once again, that’s why you need a family law attorney in California who’s highly experienced in even the most complex divisions of property.

Everything doesn’t have to be split 50/50

The fact that California is a community property state means that assets and belongings can be split 50/50 but it doesn’t mean they have to. If you and your spouse can come up with an agreement that works better then you can move forward with that. For this reason, you need an attorney who has experience negotiating.

What happens when one party owns a business?

If you or your spouse own a small business, then you can expect that the value of that business will be a highly contested factor when it comes time to divide property. Law Offices of Torrence L. Howell has represented business owners who need to protect their assets and he’s represented spouses who believe that they have a right to a portion of the profits from their spouses business.

No matter what side you’re on, you can count on Law Offices of Torrence L. Howell to have your best interests in mind. With his unique background in both business law and family law, he’s the shrewd, successful advocate that will help you feel confident that you’re moving forward.

Call today for a free case evaluation

No matter where you are in the process, whether you’ve already moved out or you’re just starting to consider a divorce, it’s essential to talk to an experienced divorce attorney. Call Law Offices of Torrence L. Howell at (909) 920-0908 today for your free case evaluation. We can determine what your options are, what the best way to move forward will be, and come up with a plan to get you moving.

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My ex-wife hired an attorney which prompted me to do so for our divorce. Torrence Howell was highly recommended from a friend of mine who used Torrence’s services for a divorce just like mine. The results came out much better than he ever thought it would. With all things being equal I felt Torrence would

-Anonymous May 23, 2018

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