One of the most stressful parts of a divorce is determining how your assets will be divided. Having an experienced and knowledgeable attorney by your side is the best thing you can do to protect your interests. From our law office in Newport Beach, Newport Family Law & Mediation Group represents clients in Orange County and neighboring communities in Southern California.
Certain assets such as retirement accounts and bank accounts may be easier to divide than others. If you and your spouse can agree, the division of assets and debts will be easier. That being said, it may be difficult to reach an agreement on everything. This is where a board-certified family law specialist can help.
As a community property state, anything you acquired during your marriage is subject to be divided. Anything acquired prior to your union is yours to keep. While this may seem black and white, it isn’t always this simple.
A common example is deciding who gets the family home. Maybe you owned the house prior to your marriage. While you bought it before you were married, your spouse may be entitled to a portion due to contributions during your marriage. Perhaps you used marital assets to make mortgage payments, make repairs or remodel. You may have refinanced the home and added your spouse’s name to the title. As result, your spouse may be entitled to reimbursement for marital property contributions.
Similar complications may exist for a business that you or your spouse owned prior to your marriage. As your attorneys, we can let you know what to expect entering a divorce and protect your financial interests.
Our firm is here to guide you through the complicated legal process of dividing marital assets and debts. With our help, you can feel confident about your decisions. Call our office in Newport Beach to schedule a free 30-minute consultation at 949-769-7040 today. You can also fill out our contact form.