When it comes to dividing your complex property, it’s not always going to be as easy as choosing the assets you want. Sometimes, one asset’s benefits are linked to another asset’s purchase, or you may have assets that only benefit you or your spouse after several years have passed.
Accommodating unique assets and finding out how to get you the most out of your marriage is your attorney’s job. They are familiar with complex property division cases, like dividing businesses or stocks so that they can help you understand what happens when you divide your own property.
Why work with an attorney to help with property division?
In California, property division is usually 50-50. If you and your spouse have a prenuptial agreement or postnuptial agreement, it may take precedent over the state law. Your attorney will look at your list of assets and the value of those assets as well as any agreements or contracts you have in place.
While it might be easy for the state to tell you to divide everything equally, it’s not always a simple task. You and your spouse may have a number of large assets that simply cannot be split down the middle, like a business investment or properties of various values. While you may be able to liquidate your assets and split cash, there are times when you or your spouse may not want to liquidate your assets and instead want to look into other options.
Every situation is different, which is why working with your attorney is the key to a successful division of property.