Complex Marital Property Division Attorneys in Irvine
How Marital Property is Divided in California
The Buncher Law Corporation, our Orange County
divorce attorneys are experienced handling these sorts of complex property valuation
and asset division issues. In handling such issues, we work with well
qualified experts in the field of taxation, accounting and business evaluation,
to best represent your interests. Several factors can add complexity to
the division of marital property. At The Buncher Law Corporation, our
divorce attorneys in Irvine are experienced in working with leading forensic
accountants and business evaluators to resolve complex marital property
issues in your best interests.
Differentiating Between Separate & Community Property
As the length of the marriage increases, property owned prior to marriage
tends to become commingled with separate property. If the origins of the
property cannot be traced, it will be presumed to be
community property. Similarly, if business is started prior to marriage, but continued during
marriage, the community will generally acquire an interest in that business
if its value increases during the marriage. The spouse in control of the
business may also attempt to deflate its value on business, while the
other spouse may attempt to obtain a business evaluation, which causes
the business to have an artificially high value.
More complex issues arise when:
- Properties are refinanced during marriage placing title in both parties' names
- Cash is taken out of the properties
- The properties are put in a joint trust during marriage
A spouse attempts to conceal or
Furthermore, if houses or rental properties are owned prior to marriage,
but improvements are made to the properties and/or the community property
is utilized to pay down the mortgages, the community will typically acquire
a partial interest in the properties.
Turn to The Buncher Law Corporation for Help
We pride ourselves on developing and maintaining close relationships with
our clients. When it comes to addressing complex property division issues
at divorce, we work diligently toward securing the most positive results
for our clients. We serve throughout Orange County, North San Diego County,
and the surrounding areas.
To become better informed about your options, contact our office today.