Flicker, Kerin, Kruger & Bissada, LLP
Menlo Park
San Ramon

How do you divide property equally?

High-asset divorces can be complex and frustrating, but they don't have to be. Even if you have many assets to your name, it's possible to resolve your divorce peacefully and to move forward with the best opportunities in front of you.

With high-asset divorces, there is a likelihood that there will be at least one business involved. In some instances, property has been collected over time, and some are assessed with a high value. Regardless of the situation, it is important for you and your spouse to discuss how you'd like to divide those assets.

Although California is a community property state, you have the opportunity to decide on how to divide your property. Though it may be an equal distribution, you still need to decide who should receive what property. For example, you don't have to split a business 50-50. You can give one spouse the business they're running, and the other spouse can have the same value's worth of other assets. On the other hand, if both spouses participate in a business, they may both want to retain their halves.

How do you decide how to split assets in a high-value divorce?

California laws want to see you split your assets equally, but that doesn't mean the same thing as dividing each asset in two. You can look at the total value of your assets and decide how to get as close to an even distribution as possible. For example, if you have $250,000 of assets to divide, each person should receive around $125,000 worth of assets. This might mean that your spouse keeps a home worth $125,000 while you retain a business valued at $125,000. It could mean selling a home or business and dividing the profits equally. It all comes down to the specifics in your situation. Your attorney can help you look closely at the best way to divide your property.

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