At Stolar & Fischer in Los Angeles, our lawyers provide our clients with extensive experience in California community property law. Attorney Steven Stolar holds a master's of law (LL.M.) degree and leads this area of our practice. If you would like to speak with one of our lawyers about division of marital assets and debt, please contact our office to arrange a complimentary consultation.
In California, the court has broad discretion in apportioning marital assets and debt between divorcing spouses. Community property can be divided in any proportion the judge feels is equitable, or fair, after consideration of a long list of factors.
Your advocates in family law and divorce.
Speak with a Los Angeles property division attorney. Contact us online or call 310-853-5115 for immediate assistance.
Identifying Marital Property, Tax Considerations
Our lawyers will help you identify all types of individual and community property you may have an interest in, including retirement accounts, securities, IRAs, 401(k)s and trusts, and will help you determine the most efficient and beneficial terms. When offering our counsel regarding division of marital assets and debt, our attorneys will explain the tax implications of each strategy in light of alimony/spousal support, child support and other considerations.
Is It Separate Property, Commingled Property or Marital Property?
If the property was brought into the marriage by one spouse (or inherited by that spouse during the marriage) and was kept separate throughout the marriage, it will most likely remain a protected asset for that spouse.
On the other hand, if inherited funds were commingled with the other spouse's financial resources during the marriage, some or all of the inheritance may have lost its status as separate property. That portion of the inheritance that is now community property will be considered part of the marital estate to be divided.
Can You Keep Inherited Real Estate Property Intact as You Divorce?
How to divide an estate in the case of inherited real estate that has become community property? This may prove to be difficult or impossible without selling that property. On the other hand, you may have other assets that you can cede to your spouse in exchange for keeping the inherited property whole. For example, you may have investments, collectibles, vehicles or retirement assets that you can assign to your husband or wife.
Your business interests and career may be essential concerns as you consider divorce in the Los Angeles area. Whether you own a company, have a partnership interest in a professional practice, or are working on a film or recording project, you need a lawyer with the knowledge and resources to assertively guard your financial future.
Experienced in Evaluating Businesses, Entertainment Projects and Other Complex Assets
If you or your spouse has an interest in a partnership, limited liability company (LLC) or other closely held company, our attorneys will provide thorough and analytic services to protect your interest in the business and maximize the resources involved, including legal counsel regarding business valuation, division of partnership, transfer of shares, partial buyout and transfer of control of the business.
We enter each California divorce case we handle with determination to understand every nuance and find the best strategic approach. In matters of company, project and franchising valuation, we turn to the most qualified industry experts, forensic accountants and other professionals available to assess our clients' positions.
Armed with this information, we can develop a detailed stance and proposal designed to accomplish your goals through negotiation if possible — or through aggressive courtroom litigation if that is what defending your interests requires. No situation is too challenging for our legal team, and this includes:
- Arriving at an accurate valuation of any family business, legal or medical practice, corporate holdings, partnership interest or other complex assets
- Evaluating entertainment projects that are not yet monetized
- Projecting the future value of franchising, royalties and other aspects of projects and initiatives in progress
Consult With a Beverly Hills/Hollywood Asset Divorce Lawyer
If you wish to speak with a California divorce attorney about division of community property, please call us at 310-853-5115 or contact us by e-mail today.