Property Division Attorneys in Glendale

Protecting Your Rights, Assets & Best Interests

At Holmes & Holmes, we are committed to helping our clients get through the divorce process as efficiently as possible. We strive to use our decades of experience, aggressive litigation style, and network of experts to get our clients the outcome they need. As a practice that focuses solely on family law, our firm is dedicated to providing families with high-quality legal counsel that will help them move forward with their lives. Our firm consists of five highly experienced attorneys who have a comprehensive understanding of the divorce process and what it takes to be successful.

What Does Property Division Entail?

Dividing property and assets after a divorce can be a difficult and lengthy process. If you did not sign a premarital agreement, you and your spouse must agree on how your property is to be divided or a court will do so for you. This process may be stress-inducing if you cannot reach an amicable decision. Many times, people forget that the term property is all-encompassing and can even include things like lottery winnings and personal injury settlements. This makes the representation of an experienced family law attorney even more invaluable.

At Holmes & Holmes, we help our clients divide the following, and more:

• Pensions
• Debt allocation
• Family heirlooms
• Insurance policies
• Personal property
• Credit card accounts
• The family home/homes

What Is the Difference Between Community and Separate Property?

Because California is considered a community property state, all of the assets obtained during the marriage become “community property.” This also includes any of the debts in incurred.

Here are some examples:

• Community property: If you purchased a car during the marriage with money from your bank account, and that money was earned during the marriage, then that car would belong to both you and your spouse. Community property does not extend to gifts or inheritances.
• Separate property: This refers to any properties that you owned individually before you were married. As long as that asset remains separate, it would remain to be yours. Your individual debts, anything incurred before the marriage and with your own money, would also continue to be your debts.

If you need assistance from a caring and capable attorney to help you during this time, we are happy to help. Our Glendale property division lawyers have handled countless divorce cases in our 136 years as a family law firm, and we're prepared to provide the effective counsel you deserve.

Property Division in a Divorce

One of the most important aspects of a divorce is figuring out who gets different assets after it is finalized by consulting a divorce lawyer.

For the vast majority of people today, a house is the largest financial investment that they will own. There are many people who want to continue owning a home after their divorce. However, if you purchase a home with your spouse, you will have to figure out who gets to keep it.

If you are your spouse own a business together, this makes the situation even more difficult to get through. As a general rule, it is best if one person ends up with all of the control in a business. This will help keep things organized after the divorce is final. If you cannot work this out with your spouse, you may have to end up splitting different parts of the business out.

If you are about to go through a divorce in California, finding the right lawyer is one of the most important decisions that you can make. There are various family law attorneys to choose from in this area. However, there are a few options if you want an experienced property division lawyer near you who has reasonable rates.