In many divorces, division of property is a central and acrimonious issue. For over two decades, the Fresno family law firm of Tomassian, Pimentel & Shapazian have aggressively advocated for our clients in property division disputes. We demand full disclosure of all assets, proper identification of each asset as community or individual property, and an accurate valuation of each community asset. Sometimes the procedure is easy; more often, real estate distribution can be extraordinarily difficult and requires the help of a property division attorney who knows well the complexities that can accompany the process. In you seek or anticipate a divorce where property division will be disputed, get the legal help you need right away.
WHAT IS COMMUNITY PROPERTY?
In California, community property is defined as any asset acquired or earned by a married person while living with a spouse. Separate property is defined as any assets or property owned by a spouse before the marriage, during the marriage by gift or bequest, and after separation. California requires community property be divided equally unless another agreement is reached by both parties.
WE AGGRESSIVELY CHAMPION YOUR RIGHTS
California law does not require “in kind” division of community property, which would mean – in practical terms – that everything would have to be sold and converted to cash. The law instead requires that the value of the assets each spouse receives must be equal. For example, one spouse may be awarded the family residence while the other receives the family business; so long as each spouse receives assets of equivalent value, the law is satisfied. However, some assets can pose unique problems, like a business one spouse owned before the marriage but both worked at during the marriage. No matter how complicated property division becomes, the attorneys at Tomassian, Pimentel & Shapazian will aggressively champion your right to a full and fair division of property.
Tomassian, Pimentel & Shapazian keeps flexible hours to meet your needs, and we return every call promptly. We serve clients in Fresno, Madera, Tulare, Kingsburg, and Hanford counties. Our staff speaks Spanish and French; don’t let a language barrier keep you from the help you need. Call Tomassian, Pimentel & Shapazian today at 559-277-7300 or contact us online to schedule a consultation.