Dividing Up Your Property in a California DivorceWhen you divorce, the court will have jurisdiction to divide up your property. Most assets in which either spouse has an interest in are property subject to division upon divorce. This means any real or personal property. To read about some assets that may not be "property" subject to division by the court, click here. Once it is determined by the court what property the spouses own, it must figure out whether the property is community property or separate property. What is community property? What is separate property? Click on each link to find out more. How do we know if property is separate property or community property? Click here to find out. How will a court divide your retirement plan like a 401(k) or pension? Click here to find out. How will the court divide my stock options? Read how to identify and trace your separate propery if it has been commingled with community property. What if you give money (separate property)for a downpayment on your home (community)or help to pay off the mortgage? Maybe this will help. One of the most critical issues for business owners is whether they can keep their business. Learn how courts will divide your business here. Finally, the court in marital actions must divide all community property of the parties. Find out here how courts will divide your property in the divorce.
Your debt will also be divided between the spouses when you divorce. Find out how by clicking here.
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