When you get a divorce, it can be hard to know how to divide your property. It can be even more difficult if there is property that you don't know exists. Some kinds of property, like digital assets, can be harder to identify. For example, your spouse may have been investing in Bitcoin or other cryptocurrencies that you're not aware of.
When you have property to divide during a divorce, it can be difficult to choose how you want to split it. As you may have realized by now, California law does require that you split your property 50-50, unless you and your spouse can agree to different terms.
Sometimes, it's not easy to divide your property. You may have been together with your spouse for many years or have unusual assets that may be difficult to separate.
When you're working on dividing your marital property, the best thing you can do is think of the situation like a business deal. California requires a 50-50 split of marital assets, but that doesn't mean that you and your spouse can't negotiate and come up with different terms.
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.
Complex property division issues arise when a married couple has been together for a long time, when their finances are tightly intertwined and for other reasons. If you are in a situation where you're concerned about dividing your property, and the impact it will have on your finances, it's time to talk with your attorney about the steps to take next.
With cases of property division in divorce, there can be many complexities to consider. You might have physical and digital assets, investments and unique property that you don't want to divide with your spouse. Under California's community property laws, spouses are intended to divide their marital property equally. Doing so is a necessity unless you can come up with your own agreement outside court.