Dividing Marital Assets And Debt In Divorce
California is a community property state, which means that marital assets are divided equally between spouses. If you own a lot of property or a business, or if you have valuable art, vehicles, jewelry, furnishings or antiques, the process of dividing property can get complicated. You need to have legal counsel to protect your rights, and our experienced and caring attorneys here at Shulman Family Law Group can help you understand how to comply with this law.
Impact Of Debt
Any debt that has been incurred by you or your spouse during the marriage is also subject to California community property law. This means that you will both share equal responsibility, regardless of who created the debt. Our attorneys will help you include this in your divorce settlement, using interest rates of each debt to make sure that the debt is equally distributed.
At Shulman Family Law Group, we treat each of our clients with care and professionalism. Please call us today at 818-212-0010 or use our online contact form to schedule a phone consultation or an in-person meeting with one of our knowledgeable attorneys.