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Working Through Property Division Issues In Divorce
Dividing marital property and debt can be one of the most challenging aspects of divorce. Spouses may have vast differences of opinion as to how to divide marital property, or whether a certain piece of property was marital property or separate from the marital estate. One thing is certain: It is crucial to enlist the services of lawyers who understand how to protect your immediate and long-term interests.
The Law Offices of Fredrick S. Cohen provide sound guidance and strong advocacy in divorce and other family law matters. Attorney Fredrick S. (Rick) Cohen and the firm’s dedicated support staff serve people across Sacramento and surrounding areas in all areas of family law.
Seeking a Sensible Division of Marital Property
California is a community property state, which means that all community property should be divided 50-50 between spouses. While on its face this seems relatively simple, there are many potential issues involved in dividing property, including:
- Whether an asset should be characterized as community property or separate property
- Establishing the value of various assets, such as real estate, investment accounts or a business
- Dividing pensions and retirement benefits
Separate property is defined as property one spouse brought to the marriage, gifts and inheritances, and any money earned from this property, such as rent. Many times, however, parties will combine separate property into community property. Furthermore, when one spouse owns a professional practice or closely held business, determining the value of the company can be extremely complex. Whether you believe dividing your property will be straightforward or complex, you need the services of a skilled family attorney.
As a Family Law Specialist certified by the State Bar of California Board of Legal Specialization, attorney Rick Cohen has the experience and skill necessary to protect your interests. When necessary, he will work with experts, such as forensic accountants and business valuation professionals, to support your case. Whether your divorce is ultimately resolved through negotiations or litigation, they are ready to protect your property rights and help you move forward to a brighter future.