Community Property Division in Los Angeles
For more than 50 years of collective service, our divorce lawyers have devoted their practice exclusively to divorce and family law. At Castellanos & Associates, APLC, we provide affordable counsel, and we will be honest with you every step of the way. Our managing partner, Edwin J. Castellanos, can assist family law clients in both English and Spanish.
Need to discuss marital asset division or California's community property law? Contact our Los Angeles community property division lawyers to request your free initial consultation!
Divorce & Marital Property Division
California is a community property state, meaning that all joint property and debts of a married couple or registered domestic partnership are to be divided equally. Generally, any property or obligations acquired from the date of marriage through the date of separation is considered community property.
This includes any:
- Vehicles
- Bank accounts
- Furniture
- Real estate
- Stocks
- Pension and 401(k) accounts
- Family-owned and operated businesses
- A legal, medical, or dental practice, etc.
Community property also involves your marital debts, such as debts acquired from credit cards, car loans, home loans, or other obligations.
Individual Property
One of the first steps to address when dealing with the division of community property in Los Angeles will be to deal with identifying individual property. Again, the timeline of when you acquired the property will be crucial. Property or debts from before marriage or domestic partnership are generally individual assets and debts. However, while married or domiciled in California, some acquired property could still belong to the individual instead of the couple.
Specifically, separate property owned by a spouse can be classified as follows:
- All property owned by a person before marriage
- All property owned by a person after marriage by gift, inheritance, or devise
- Property that is produced by separate property (examples would be "rents, issues, and profits" of the above)
- Property acquired after the date of separation
Compassionate & Cost-Effective Counsel
Over the years, we have built a reputation for serving a diverse clientele with honesty, integrity, and legal talent at reasonable rates. Affordability should not come at the cost of quality.
Here are a few ways our family law practice has controlled costs:
- 100% free initial consultation, over the phone, in office, or even through Skype. If your case involves child or spousal support, a DissoMaster™ calculation could be used.
- No charge for reasonable, in-state telephone calls when attorneys are working on your behalf.
- No charge to you for reasonable faxes and photocopies used in your case.
When you need a trusted attorney for community property division matters, you can depend on our firm. We are aggressive when we need to be, but we also exercise discipline and careful thought, working with our clients to achieve a beneficial outcome.
Discover how we can protect your best interests: Call Castellanos & Associates, APLC at (323) 212-5599 today!
