Property and Asset Division

Representing Clients in Divorce Cases throughout Greater Los Angeles

In terminating a marriage or domestic partnership, one of the issues which must be resolved is the division of marital property, assets, and debts.

Such property includes real estate, business or partnership interests, stock portfolios, pension funds, other investments, bank accounts, art collections, vehicles, and more. Essentially, all assets and property acquired after the marriage has taken place and prior to the legal termination is considered marital property. California is a community property state, which means that marital property is divided equally between spouses upon a divorce. The exception to this is separate property, which is property acquired by a spouse prior to the marriage or property given to a spouse as part of an inheritance or gift. Even this property, however, if commingled may be viewed as community property. Thus, how property is categorized in a divorce proceeding is a critical issue.

If you need legal assistance in a matter involving property, assets, or debts, you will want an attorney who is well-versed in all of the complex issues that may arise in identifying, valuing, and dividing assets. At the Law Office of Brett A. Berman, APC you can discuss your situation with a Los Angeles divorce attorney who will pursue all of the legal rights and benefits to which you are entitled with skill and determination.

Division of Marital Property in California

In a division of community property, an equal division may be accomplished by the court awarding a percentage of the value of a specific property as opposed to a physical division of, for example, the family home. In order to create as fair a division as possible, the court may grant an award of an asset to one party where appropriate or in cases where one party has intentionally misappropriated funds or assets, may remove such amounts from his or her share in favor of the harmed spouse.

Many complications can arise in these matters, especially in cases of retirement and pension benefit plans, prenuptial agreements, businesses and professional groups, and other complicated financial holdings and history. Ensuring that you are aggressively represented is crucial.

Contact a Los Angeles divorce lawyer at the firm for skilled legal assistance with the division of marital property and debts today.

The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.

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Divorce

Having the knowledgeable and skilled legal guidance of an attorney who has focused his career on divorce and family law can be invaluable at such a difficult juncture.

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Child Custody

Because our firm focuses on divorce and family law issues in the local courts, we are well-versed in how child custody matters are viewed and resolved; our firm will work diligently on your behalf to protect your parental rights and to help you achieve a fair custody decision.

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Child Support

Our firm focuses on divorce and family law, and is familiar with the local court systems and personnel, and can provide efficient and caring legal service in this matter.

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Domestic Violence

Our attornies are extremely knowledgeable in all of the legal aspects of domestic abuse, having done pro bono work with the Los Angeles Domestic Violence Project, an organization committed to assisting abused women.

Berman Law Group is committed to helping clients get through the process of handling difficult family law matters as painlessly as possible.