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Top Property Division Lawyer in Arcadia

Top Property Division Lawyer in Arcadia

Dividing property during a divorce can be a complex and confusing process, especially in California. The state follows the principle of “community property,” meaning that any assets or property acquired during the marriage are subject to an equal division between spouses. However, the dividing line can become blurry regarding premarital assets and those inherited during the marriage. So, if you’re going through a divorce and need assistance with the division of your assets, hire an Arcadia property division lawyer.

How Is Property Divided in California?

In California, property division during divorce is governed by the state’s community property laws. According to these laws, any assets or property acquired during the marriage are considered community property and are subject to an equal division between spouses at divorce. However, there are exceptions to this rule, such as premarital assets or those inherited during the marriage, which remains the separate property of the individual who acquired them.

When it comes to complex property division, complications can arise when property is acquired before the marriage and is improved during the marriage, or when premarital assets are sold and used to purchase other assets. In these cases, an Arcadia complex property division lawyer can be extremely helpful in guiding you through the process and ensuring a fair property division.

A property division lawyer in Arcadia can assist in determining the value of complex financial assets, such as business interests, investments, and real estate, and can negotiate a settlement that considers your individual needs and interests. They can also represent you in court if a resolution cannot be reached through negotiation. Working with an experienced and knowledgeable property division lawyer is critical to ensuring a fair and equitable property division in your divorce.

Protect Your Assets with a Prenuptial or Post-Nuptial Agreement

One way to protect your assets in a marriage is through the use of a prenuptial or post-nuptial agreement. A prenuptial agreement is a contract entered into before the wedding and outlines the division of property and financial obligations in the event of a divorce. A postnuptial agreement is similar to a prenuptial agreement but is entered into after the marriage.

A prenuptial or post-nuptial agreement can provide clarity and peace of mind for both spouses regarding their financial future. It can also help to avoid costly and time-consuming court battles in the event of  divorce. Suppose you are considering entering into a prenuptial or post-nuptial agreement. In that case, working with an experienced attorney is vital to ensure that the contract is legally binding, is fair to you, and protects your interests.

Business Ownership After Marriage: Who Owns What?

In California, the ownership of business assets after marriage is determined by the state’s property division laws. These laws dictate how the assets and debts acquired during marriage are divided in the event of divorce. Generally, all property acquired during the marriage is considered community property and is divided equally between the spouses unless a prenuptial or postnuptial agreement specifies otherwise. If a business was established during the marriage, it is regarded as a community asset and is subject to division in a divorce. A property division lawyer in Arcadia, CA can help you understand your rights and obligations regarding the division of business assets in the event of a divorce.

What to Expect from Your Arcadia Property Division Attorney

When working with a property division attorney in Arcadia, you can expect professional assistance with:

  • Assessment of your assets: Your lawyer will review your assets, including any businesses you own, to determine which assets are subject to division in a divorce.
  • Explanation of California property division laws: Your attorney will explain how the state’s property division laws apply to your situation, including the definitions of community property and separate property.
  • Negotiation and settlement: Your lawyer will negotiate with the other party and their attorney to settle the division of assets. Your lawyer will represent you in court if a settlement cannot be reached.
  • Representation in court: If necessary, your Arcadia property division lawyer will represent you in court and argue on your behalf to ensure that you receive a fair division of assets.

Seek Help from Mohajer Law Firm For Complex Property Division Cases

Mohajer Law Firm is a leading property division law firm in Arcadia that handles complex property division cases. With years of experience and a deep understanding of California’s property division laws, the lawyers at Mohajer Law Firm have the expertise to handle even the most complicated property division cases effectively.

If you are facing a complex property division case in California, our lawyers for property division in Arcadia can provide you with the knowledge, experience, and dedication you need to achieve a favorable outcome. Contact them today at (626) 569-5200 to schedule a consultation and learn how they can help you.

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Frequently Asked Questions (FAQs)

How is complex property division determined in a divorce?

Complex property division in a divorce is determined based on state laws, equitable distribution principles, and each case’s specific facts and circumstances. It may involve valuing and dividing assets such as real estate, business interests, retirement benefits, investments, and other high-value property. 

What role does a forensic accountant play in a complex property division?

A forensic accountant plays a critical role in complex property divisions by assisting in the valuation of complex financial assets and determining the accurate division between the divorcing parties. They use financial analysis and investigative techniques to uncover hidden assets or income. 

Can a prenuptial or postnuptial agreement impact the division of complex property in a divorce?

A prenuptial or postnuptial agreement can impact the division of complex property in a divorce. If the agreement is valid and enforceable, it may dictate how specific assets will be divided in the event of divorce. 

What factors are considered in the division of a closely held business in a divorce?

In the division of a closely held business in a divorce, factors considered typically include: the value of the business, each spouse’s contribution to the business, the future earnings potential of the business, the length of the marriage, and the spouses’ future earning capacities.

Can I contest the division of complex property in a divorce?

Yes, you can contest the division of complex property in a divorce. If you believe that the property division is unfair or does not accurately reflect the value of the assets, you may be able to challenge the decision in court.