California is a community property state, which means all property, assets, and debts acquired during the marriage belong to both of you. But some property, assets, and debts (if you had them before you were married, or received them as an inheritance or as a gift while married) are not considered community property.
The property, assets, and debts that need to be divided include cash, money in bank accounts, houses, cars, furniture, security deposits on rented property, pension and retirement accounts, life insurance with cash value, any contribution to marital and individual wealth, credit cards, and mortgages.
Property division can be very confusing. We can help ensure fair division of marital property, assets, and debts during your divorce or legal separation.
If you have questions about property division, or to find out if you’re receiving a fair share, then contact us today – Sibus is here to help!