California is a community property state, which means that all property acquired during the marriage by a married person is the property of both spouses. That is so even though perhaps one spouse went to work, earned the money (and perhaps deposited it into an account in his/her sole name) and the other spouse stayed at home and took care of the household and/or the children.
Our firm assists our clients in ascertaining the extent of the community property that exists and in structuring the division of that property so as to effectuate our client’s goals. When appropriate, we work with forensic accountants to assist us in valuing the property to ensure that our clients obtain their fair share of the community property.
- Negotiated resolution where client able to keep business as part of final division of property with less than 10 years spousal support on a long term marriage.