Division Of Personal & Inherited Property

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 the consideration of a long list of factors. If you are contemplating divorce, it is essential that you seek the assistance of Stolar Law Group. Our lawyers provide our clients with extensive experience in California community property law.

We will help you determine the most efficient and beneficial terms. When offering our counsel regarding division of marital assets and debt, our approachable legal team will explain the tax implications of each strategy in light of alimony, child support, and other considerations.

IS IT SEPARATE, COMMINGLED, 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?

It may be difficult to divide an estate when inherited real estate has become community property. It may require selling the 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.

Your business interests and career may be essential concerns. 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 who can assertively guard your financial future.

BUSINESSES, ENTERTAINMENT PROJECTS & COMPLEX ASSETS

If you or your spouse has an interest in a partnership, limited liability company (LLC), or another closely held company, our attorneys will provide thorough and analytic services to protect your interest in the business and maximize the resources involved.

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.