Property Division in Divorces

Over the course of a marriage, spouses will usually accumulate a large amount of properties, items, assets and even debts. All of these that are acquired during the course of the marriage are considered marital property. Whenever two spouses decide that they are going to get divorced there is a long and complex process known as property division that must occur, either by the direction of the court or the mutual consent and agreement of the spouses. In the event that the spouses can agree on how the debts and properties will be divided at the end of the marriage, the court will not usually intervene unless there is some form of deception occurring or in some instances involving high net worth divorces, allowing the couples themselves to decide how their assets will be divided. If you are considering divorce, property division is an extremely important issue that you should discuss with a Los Angeles divorce lawyer as soon as possible to ensure that you are treated fairly and that the process runs smoothly.

There are two basic types of properties in a divorce. The first type of property is the marital property, which is subject to the property division process. All other properties are known as separate properties, or individual properties. Separate properties and assets include gifts, inheritances and other items acquired before or after the marriage and are not subject to property division unless the value of the items was affected by the marriage significantly.

Property Division Lawyer in Los Angeles

If you are considering a divorce or are involved in a divorce it is important that your properties be protected from the property division process in the event that the court becomes involved at any step of the divorce. If your properties are not correctly identified or seem to be withheld, you could face court violations that can result in the loss of your property. At the Law Offices of Teresa Byers, we understand the intricacies of property division and can help you through the process quickly and accurately.

Contact a Los Angeles Property Division Attorney at our offices today to find out how we can help you with your divorce!