Temecula Property Division Lawyer

Division of Marital Property in California

When a marriage ends, all community property must be divided between the two parties. Community property is simply defined as all property acquired during the marriage. It does not matter whose name is on the title or who purchased the item; if it was acquired during the marriage, it is subject to the equitable division.

Because one of the most important parts of equitable distribution is making sure all property has been fairly accounted for, it is important to work with an experienced Temecula property division attorney who can help you valuate and divide assets and debts.

At The Law Offices of John G. McGill, Jr., we have more than 30 years of experienced helping individuals throughout Southern California protect their financial rights during property division matters.

Understanding Property Division

In most marriages, one spouse has significantly more understanding of the finances than the other spouse does. It is often one spouse who fights with employment and money, and the other fights with the kids and cleaning. As a result, one individual may not have a good understanding of the couple's finances. When you work with Mr. McGill, he can help ensure all the finances are brought into the picture.

In order for property to be divided between the two parties, everything must be valued. When things are valued, they are priced at garage sale prices. This means that although business and retirement accounts would hold their value, larger tangible assets – such as furniture or cars – would be assessed at a lower price than what they were originally purchased for.

Contact an Experienced Riverside County Asset Division Attorney

When you break it down, equitable division is as simple as adding, subtracting and dividing by two. The challenging part is getting all the information to complete the equation. When you contact our firm, we can help make sure that all assets and accounts are correctly accounted for. Contact us online or call 951-795-4186 to schedule your initial assessment without charge with an experienced lawyer.