If you are going through a divorce, you want to start planning for your financial future as soon as possible. An experienced divorce law attorney can guide you through the property division process and help you protect your marital assets. At the Riverside law offices of Bratton Razo & Lord, we help our clients through some of the most difficult times of their lives and make sure they have a plan for the future.
With dedicated experience since 1989 in protecting families in Riverside, we understand that our clients have a lot of concerns as they go through a divorce. It is our job to protect your rights today while helping you come up with a financial plan to meet your long-term goals. When it comes to your financial future, that plan starts with your property division settlement.
According to California divorce law, property division is split equally, but this can be done in many different ways. Examining your assets, real property, debts, and considering all tax issues, we will help you come up with a property division plan that works:
- Community Property: Property acquired during the marriage, such as your house and cars will be split evenly in most cases.
- Business Valuations: If you or your spouse own a business, this is an important and complicated asset to consider as part of your divorce settlement.
- Retirement Accounts: Any financial plans for the future, such as retirement accounts and 401ks will be considered as part of your property division plan.
- Debts: Equally important to the valuation of your assets and property is the splitting of any debt you or your spouse may have.
- Separate Property: Many assets may be awarded 100% to one party depending on how and when the asset was acquired
If you choose to pursue litigation in your divorce, you will leave the final decision regarding your settlement in the hands of a judge. Under some circumstances, we encourage our clients to consider the collaborative divorce process or divorce mediation, so they can come up with an agreed to plan tailored to their needs, without the necessity to go to court. However, if that cannot be done we are ready, willing and able to go to court and litigate.
Before you take action, you want to have your questions answered and find out if there are any unexpected aspects of property division to consider. Located near the Riverside courthouse, we are ready to answer your questions and help you prepare properly.