Bay Area Attorney Here to Help You with Property Division
California is a community property state. This means that in general all assets and property acquired during a marriage are presumed to be equally shared by both spouses or registered domestic partners, as well as equally divided between them in a divorce. Even though the law defines what is community property and how it should be divided if the parties cannot reach an agreement, property division remains one of the biggest concerns that divorcing spouses need to address. If you are going through a divorce, and are worried about protecting your assets, having a skilled family law attorney by your side can help ease the process. Lisa J. Auer is an experienced San Francisco divorce attorney who has represented clients throughout the Bay Area for many years. You can rely on her to walk you through the process of marriage or domestic partnership dissolution, as well as help you build a secure financial future.
Understanding Community Property Law
Under California law, any property or money acquired during marriage or registered domestic partnership from the earnings or efforts of either spouse or partner is considered community property, meaning that it is equally owned by both parties. As part of a divorce or dissolution, community assets and debts will be equally divided in most cases.
It is important to note that there are certain assets that are not community property, such as gifts or inheritances received by one party during marriage. Similarly, community property does not include any assets acquired outside of the period of marriage or registered domestic partnership. This means that in general any property acquired by either party before marriage or registered domestic partnership or after the date of separation will remain that person’s separate property, including the income from or increase in value of that separate property.
Attorney Lisa J. Auer can assist you in determining what is community and what is separate property and help you reach a settlement dividing your assets and debts, which is one of the biggest components of your divorce or dissolution judgment and your financial future.
Let Lisa J. Auer Handle Your Case
Determining what is and isn’t community property and dividing your assets at the end of a marriage or registered domestic partnership can be a complicated process. To discuss your unique situation with an experienced lawyer, contact Auer Family Law today to schedule a consultation. You can either fill out our online contact form or call the firm at 415-766-0122.