Rancho Cucamonga Property Division Lawyer
Helping You Divide Assets in a California Divorce
Among all the issues involved in divorce, property division is often one of the messiest. Spouses rarely agree on what property belongs to who and can get into disputes over who is keeping the home, the car, or other possessions. When you are facing property division, don’t go through it alone.
Our Rancho Cucamonga divorce attorneys have guided countless clients through these matters and can use this insight to assist with your case.
Why choose our property division attorneys in Rancho Cucamonga?
- We care about your best interests.
- We have years of proven legal experience.
- We take the time to understand your unique case.
- We provide legal solutions tailored to your needs.
Need help with a challenging property division matter? Call the experienced property division lawyers at Chung & Ignacio, LLP for knowledgeable representation. Contact us online to schedule your free consultation.
What is Community Property in California?
California is what is known as a “community property” state. In other words, all assets, property, and debts obtained during the marriage will be viewed as community property.
This means that it can be split up between the two spouses; however, it doesn’t mean it will be split up “equally” in all cases. California courts follow what is known as equitable division, which leans more towards what is fair.
How is Property Divided Equitably?
The court will consider the following factors when dividing property:
- What each spouse contributed to the marriage (financially, emotionally, etc.)
- The earning potential or current income of each spouse
- Any spousal support agreements being put into place
- Whether or not a spouse tried to hide property or assets
These are just a few of elements that could impact your property division case.
Community Property vs. Separate Property in CA
Community and separate property must be identified to ensure the division is completely fair and equitable.
Some examples of community property are:
- Income earned by either spouse during the marriage.
- Property purchased with income earned during the marriage.
- Debts incurred by either spouse during the marriage.
- Retirement benefits and pension plans accumulated during the marriage.
- Real estate or other assets acquired jointly during the marriage.
Separate property may include assets such as:
- Property owned by either spouse before the marriage.
- Inheritances received by either spouse, provided they are kept separate and not commingled with community property.
- Gifts given to either spouse by a third party, as long as they are maintained as separate property.
- Property acquired after the date of separation.
- Personal injury awards for pain and suffering, unless they compensate for lost wages or medical expenses during the marriage.
If some marital assets were left of out of the mix, you could be given far less than what you deserve. Having a Rancho Cucamonga property division lawyer by your side during this time is crucial.
Contact our firm today to schedule your free consultation with our Rancho Cucamonga property division attorneys. We are here to help.
Going through a divorce is never simple, but our firm is here to work towards a favorable outcome. We take the legal burden off your shoulders so you can focus on more important things. Whether you are expecting a heated battle or confusion over what assets belong to each spouse, Chung & Ignacio, LLP is here to guide you through the process.