Category Archives: Property Division
Community Property And Your Art Collection: What To Expect In Your Divorce
Many couples in the San Jose area who are getting divorced own a significant amount of property that is likely to be classified as community property and divided in their divorce case. Some of that property may be difficult to value, and may have complex attributes that will require specialist appraisals and valuations. For… Read More »
Dividing Real Estate In A California Divorce
If you are getting divorced and own real estate — whether it is a family home, a vacation home, or rental property — it is essential to learn more about how real estate is commonly divided in a California divorce. As you may already know, California is a community property state. Accordingly, under California… Read More »
How Are Retirement Accounts Divided In California Divorces?
When spouses who are getting divorced in San Jose have retirement accounts or pensions, it is important to understand that these assets usually must be distributed between the parties in a manner that is different from other types of assets. While retirement accounts and pensions will also be identified as separate property or community… Read More »
Divorce Considerations For Business Owners
Anyone in the San Jose area who is planning for a divorce and owns a business should know that there are a wide range of important considerations for business owners in California divorce cases. While businesses will be classified and divided (where appropriate) like other types of property in a California divorce, there are… Read More »
Making A Plan For Property Division
Anyone who is planning for divorce in the San Jose area should know that California is a community property state. What this means is that all property acquired during the marriage is presumed to be community in nature and must be divided equally between the spouses. In order for all community assets and debts… Read More »
Appraising Complex Assets In A Divorce: What Should You Know?
Going through a divorce and property division in California is complicated even when spouses have relatively little community property and no complex assets. Yet many married couples in San Jose own property that is complicated to appraise and value, and thus to distribute evenly during the divorce according to California community property law. In… Read More »
Division of Retirement Assets
The average 20-something has $10,500 in their 401(k) plan, according to Investopedia and Fidelity. This may not sound like much, but it is by no means inconsequential. And, the older the worker, the larger their retirement account becomes. The average 60-something has over $182,000 in their 401(k) account. Of course, these are averages, not… Read More »
How Does Debt Work During Divorce?
Debt, like other marital assets such as bank accounts, real property, and many personal belongings such as cars and furniture, is divided during divorce. However, not all debt is shared equally. And, some debt is not shared at all, such as debt from before the marriage or other types of non-marital debt. If you… Read More »