Splitting Property in Your Divorce? Legal Help is Crucial

Marriage is not just a union of two people. It is also a fusion of their properties. If couples eventually decide to separate, the decision will have a profound effect on their assets. Splitting property in your divorce can be a tedious process. There may be disagreements as to who gets what and why that has to be so. It is quite a difficult yet necessary step when severing ties. Minimize the stress by getting lawyers who specialize in the matter. They can provide advice and negotiate on behalf of each of the parties. Lawyers will deal with the complex details while the former spouses focus on healing.

Community Property

Legal help is crucial as the division of property is not a straightforward process. It is not as simple as selling everything off and splitting the money in half down to the last cent. Even the identification of communal assets can be difficult. Each state will have its own laws on how to handle divorce. Some adhere to the community property rule, in which communal property belongs to the spouses in equal measure. This is the system in place in California, Texas, Arizona, Washington, Nevada, and many more. Other states prefer the equitable distribution rule wherein one spouses may get more or less than the usual half.

The Couple’s Agreement

The rules prescribed by the laws are not absolute. An agreement between the former couple can override the existing system. In a collaborative divorce, a negotiation can be hammered with the help of knowledgeable attorneys, financial analysts, and divorce coaches. The parties will be given all of the information they need to make a wise decision based on their interests and needs. This is suitable for those in amicable separations. If the parties cannot agree on the property split, then they may still try to find common ground with the help of an experienced mediator. These two options are less costly than a litigation.

Spousal Support

Sometimes, courts will grant a request for spousal support if one of the parties need monetary assistance. This is particularly true for marriages that have lasted for a long time, particularly when a spouse does not have a steady source of income. The common example is of a wife who gives up her career to focus on the family and child rearing. She may not be able to find a job right away to support herself due to years away from the industry and lack of experience. The alimony should allow her to get back on her feet during this crucial period.

Divorce is a complicated matter. Find a Rancho Cucamonga divorce attorney with the necessary finesse and sensitivity to handle your case.

 

LINKS:

https://en.wikipedia.org/wiki/Divorce

https://en.wikipedia.org/wiki/Divorce_in_the_United_States