Over the course of divorce proceedings, the parties will have to determine how property will be divided. In general, parties will have to divide up both assets and debts acquired over the course of the marriage unless there was some previous marital agreement in place. Foreman & Rugile helps guide clients through the division of property and ensure separate assets remain protected. At the Law Offices of Foreman & Rugile, we are here to offer passionate advocacy throughout the divorce process, from property division to visitation plans.
In the state of California, there is a presumption that property that is acquired during the course of the marriage is entitled to be equally split following a divorce. Not all property is able to be divided up equally or should even be involved in the division process. That is why having legal representation is crucial during this time. Our firm helps clients determine which properties should be retained, the value of the property, and what is a fair and reasonable division of the property.
Each spouse may want to negotiate for items they want or the property can be sold and value split between the spouses equally. In many cases, spouses may own property they kept separate from the marriage. In this case, that separate property wouldn't have to go through the division process, so long as it remained separate throughout the marriage.