Los Angeles, California Division of Assets Attorneys
The state of California is an "equitable division" state when it comes to dividing marital property in a divorce. Contrary to what most people think, "equitable division" does not mean everything is split 50-50; rather, marital property and assets are divided according to what the court believes is an "equitable division" given the income, lifestyle, child custody and debt obligations of the parties involved. At the law office of Garber & Garber, A.P.L.C., our attorneys work closely with accountants, forensic accounts, tax experts and other financial professionals in determining the assets and debts of our clients. Especially in cases involving closely held businesses, homes brought into a marriage, and pension benefits, determining the actual value involved is important when dividing marital property.
Our lawyers make sure our clients aren't saddled with debt that is not theirs or denied assets they have a legitimate claim to. Protect your rights and financial interests - contact marital property division lawyers at Garber & Garber, A.P.L.C. today.
Dividing Marital Property
At the law office of Garber & Garber, A.P.L.C., our attorneys assist and represent clients in regard to the following marital property issues:
- Division of marital debt - credit cards and loans
- Moore-Marsden home equity issues
- Qualified Domestic Relations Orders
- Division of pension benefits, 401ks, retirement funds
- Business evaluations for closely held businesses
- Joint bank accounts
- Stock portfolios
Considering Debt - An Important Part of the Division of Marital Property
While dividing marital property is important, determining and dividing debt is inevitably a part of the process as well. While you and your ex-spouse are responsible for any loans or lines of credit held jointly, you may also be held accountable for debt that does not have your name attached to it. Since credit card companies and banks are not concerned with what terms your divorce agreement contained in it in regard to the settlement of debt, you could find yourself the target of collection agencies and banks if your ex cannot pay on debts he or she accumulated during your marriage.
Contact Experienced Property Division Attorneys Today
At Garber & Garber, A.P.L.C., we take steps early on in the divorce process to determine debt you are accountable for. Our attorneys also identify other forms of debt in order to resolve potential problems before they arise after your divorce is final. Negotiating the liquidation of certain assets or creating an agreement that protects you legally from incurring debt responsibilities that are not yours is essential. We understand how to protect our client and help him or her plan for their financial future after a divorce is finalized.
To schedule an appointment and learn more about the division of marital property and how we can help you, contact the law office of Garber & Garber, A.P.L.C. today.
Garber & Garber, A.P.L.C.
3550 Wilshire Blvd., Suite 1122
Los Angeles, CA 90010
Phone: (213) 480-0817
Fax: (213) 480-0677
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