How are assets divided during a divorce?

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How are assets divided during a divorce?

Kenny Delagarza Answered question September 27, 2021
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Division of marital assets during a divorce vary from state to state. For instance, in the State of California, the community property standard is followed. This means that the married couple is viewed as a single entity or “community”, wherein all assets earned and debts accumulated during the length of the marriage are split 50/50, unless there are prenuptial, postnuptial, or any other agreements present.

Following the community property principle often results to feelings of unfairness, especially when there’s a wide discrepancy between the incomes. Because of this, couples often find it hard to come up with a fair and amicable way to split the properties and liabilities amongst themselves, especially if both parties are emotional.

Going through a divorce is a stressful time, so make sure to work with an experienced divorce attorney who can fight to ensure you get what is fair. If you’re looking for one in the Bay Area, visit VioLaw.com.

Teresa Trout Answered question September 13, 2021
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