Property Division

Ventura Property Division Lawyer 

Comprehensive Legal Support from Our Encino & Ventura Offices

Property division

Dividing property during a divorce may seem as if it would be relatively straightforward. However, when you consider all that is involved, including pension plans and employment benefits, the family home or business, and costs associated with an educational degree, you start to realize the daunting task you face. However, with the assistance of a seasoned Ventura property division lawyer, the process becomes much more manageable. At Zahn Law Offices, APC, we can help.

Let’s face your legal matter together. Contact a Ventura asset division attorney from the Zahn Law Offices, APC at (805) 804-9100 and we’ll get started today.

Understanding the California Property Division Process

During the divorce process, couples are free to decide for themselves how to divide their property. If they are able to come to a consensus, the proposal is submitted to the judge for approval. However, if they are unable to come to an agreement, the matter will be taken to court.

Key Considerations in Property Division:

  • Clarifying which property is marital and which is separate
  • Determining the value of the marital property
  • Agreeing how to divide the shared property

Is California a Fifty-Fifty State for Divorce Property Division?

California is a community property state, which means that all marital property will be divided 50-50 by the court unless otherwise agreed upon by the divorcing spouses.

What Qualifies as Marital Property in California?

In California, community property is everything that the spouses own together starting from the beginning of the marriage/domestic partnership, including debt but excluding gifts or inheritance. Property is any item that can be bought/sold or anything that has value, such as:

  • A house;
  • Car(s);
  • Furniture;
  • Clothing;
  • Bank accounts and cash;
  • Security deposits on apartments;
  • Pensions or 401(k) plans;
  • Stocks;
  • Life insurance that has cash value;
  • A business or a patent.
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Zahn Law Offices, APC

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Locations
  • Ventura Office
    877 S. Victoria Ave
    Suite 216
    Ventura, CA 93003
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  • Woodland Hills Office
    6355 Topanga Canyon Blvd
    Suite 500
    Woodland Hills, CA 91367
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