Dividing property and assets during a divorce can be one of the most challenging aspects of the process. California is a community property state, meaning that most assets acquired during the marriage get split equally between both spouses. However, determining what qualifies as community property versus separate property and ensuring a fair division isn’t always straightforward. If you are going through a divorce, a divorce lawyer in Rancho Cucamonga CA can help you understand your rights and fight for a fair property settlement for you.
Understanding Community Property vs. Separate Property
California law divides assets into two main categories: community property and separate property. Community property includes any assets or debts acquired during the marriage, such as:
- Income earned by either spouse
- Real estate purchased during the marriage
- Retirement accounts and savings accumulated while married
- Vehicles, investments, and personal property purchased together
Separate property, on the other hand, consists of assets owned before the marriage, inheritances, gifts received by one spouse, and any assets acquired after legal separation. The issue arises when separate property becomes commingled with community property, making division more complicated. A divorce lawyer in Rancho Cucamonga CA can help you determine which assets are community property and which belong solely to you.
How Courts Handle Property Division in California
In California, courts generally divide community property equally between both spouses. However, dividing assets is not always as simple as splitting everything down the middle. Some assets, such as businesses, pensions, or real estate, require a more detailed valuation and negotiation process. A divorce lawyer can work with financial experts to properly evaluate and divide assets, ensuring that you receive a fair settlement.
Protecting Your Assets During a Divorce
If you are concerned about protecting certain assets in your divorce, having legal representation is crucial. A divorce lawyer in Rancho Cucamonga CA like Kendall Gkikas & Mitchell, LLP can help you:
- Identify and classify assets correctly
- Ensure that your spouse fully discloses all assets and income
- Negotiate a fair property division settlement
- Advocate for your financial interests in court, if necessary
Property division can become particularly complicated if one spouse tries to hide assets or if there is disagreement over how assets or debts should be split. A knowledgeable divorce attorney in Rancho Cucamonga CA will ensure that all assets are accounted for and that you receive what you are legally entitled to.
Contact Kendall Gkikas & Mitchell, LLP for Help with Property Division
Property division is a big part of any divorce and can make a huge impact on your financial future. That is why having the right legal support is essential. A divorce lawyer in Rancho Cucamonga CA can guide you through the process, ensuring your financial interests are protected. At Kendall Gkikas & Mitchell, LLP, we have 31 years of experience handling complex property division cases and will work diligently to secure a fair outcome for you. Call us today at 909-482-1422 to schedule a consultation and discuss your case.
