As a divorcing couple in California, you may have concerns about how your assets are divided up – and how to keep the process hospitable. Real estate division is a complex task, and we can help you and your spouse navigate these waters in a less stressful manner.
Classifying Assets – Separate and Community
California family law divides assets into two categories: separate and community. Separate property is an asset that is determined to belong to a specific spouse. Community property is owned by both spouses. After the assets are classified, they are assigned a value. Certain assets, though, such as a residence, may have both separate property and community property components. When this is the case, a complicated formula must be used to assess the correct value.
The Benefits of Hiring a Mediator
If you have a large real estate portfolio, litigating disputes to achieve an equitable division can be costly. But there is an alternative. You and your spouse may choose to work with a qualified attorney-mediator while dividing your assets. This is a less stressful, cost-effective option. The divorcing parties meet together in a low-conflict setting with the attorney-mediator who acts as a neutral third party and assists them in reaching mutual decisions.
Our Certified Family Law Specialists are experts at dividing large real estate portfolios. They are certified by the State Bar of California and can trace separate property in addition to having expertise in accounting, divorce law, and asset and debt division. Family Law Center attorney-mediators are highly skilled and can help you and your spouse reach a fair and equitable agreement regarding distribution. Carol Delzer is a certified family law specialist and a licensed Real Estate Broker with 30 years of experience. She specializes in helping couples divide real estate portfolios of any size and is here to help you.
If litigating a real estate dispute sounds costly and stressful, contact the Family Law Center today to schedule a consultation with one of our attorney-mediators. Call us at 916-488-5088 or email us at info@FamilyLawCenter.US.
Family Law Center represents clients throughout the greater Sacramento area including: Sacramento, Antelope, Auburn, Cameron Park, Carmichael, Citrus Heights, Davis, El Dorado Hills, Elk Grove, Fair Oaks, Folsom, Granite Bay, Placerville, Rancho Cordova, Rocklin, Roseville, West Sacramento, Woodland and the counties of Sacramento, El Dorado, Placer, Yolo, and more.
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