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It is not uncommon for newlyweds to combine their properties and assets (including personal debts) when they get married. During the duration of their marriage, the couple will undoubtedly make purchases together or even share a large investment, such as a business or a house. These and other factors make the division of property — which includes cumulative debt — one of the most important aspects to consider when a couple decides to separate or divorce . The different types of property and debt that the couple may have accumulated over the duration of the marriage can be considerable; this can easily make division of property a complex issue during the divorce process.
This often emotional and stressful impact tends to add more complexity to the division of property and debt process. For these and other reasons, it is highly recommended that you hire effective legal representation that is well versed in California community property laws. At the Law Office of Daniel Jensen, LLP., we are local San Jose property division attorneys who understand the substantial impact that the division of property and debt can have on your life. We have a combined experience of 25 years and speak six languages — including Czech, Mandarin, and Vietnamese. We offer genuine care for your interests and do everything in our power to protect your best interests.
Married couples who make the decision to divorce often have to deal with many financial and property-related issues. The three key issues that arise during property and debt division are:
The types of assets that will be discussed during your divorce proceedings can be affected by prenuptial agreements or other legal arrangements made prior to or during marriage to your spouse.
In California, you are not required to go through each individual object or real estate property while discussing property division. The fact that it is a “community property” state means that all assets or income acquired during marriage will be on the table during divorce proceedings.
There are four general types of property discussed during property division negotiations:
Dividing marital property can be achieved without taking the matter before a judge or court. Even in these cases, having a knowledgeable legal professional on your side can benefit you. A San Jose property division attorney can help ensure that your needs are protected, and no mistakes are made. Call (408) 296-4100 or contact us online to learn about how our attorneys can help you.
At the Law Office of Daniel Jensen, LLP we bring over 17 years of combined experience to bear on each and every case we take on. We know that family law, civil law, and criminal cases are extremely complex and emotional matters for everyone.
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