Riverside County Division of Property Attorney

As part of a divorce proceeding, the matter of "Division of Property" is sometimes the most complex to contend with. California is a community property state, which means that any property a couple acquires during a marriage is considered shared or marital property. Non-marital or separate property is any property that was either owned prior to the marriage, was inherited or specifically gifted to one party. Equitable division of property during a divorce sometimes includes a home, other real estate, IRAs, pensions, 401(K)s, stock portfolios, and other monies, as well as a division of debts such as mortgages.

General Guideline Pertaining to "Division of Property"
When the matter of "Division of Property" arises in a Riverside divorce case, it is not always entirely clear as to who the owner of the property is. The following is a general outline of what separate or non-marital property would be:

• Any real or tangible property owned prior to the marriage
• Proceeds of a pension that was vested before the marriage
• Gifts and inheritances given to just one spouse
• Personal injury awards received by one spouse
• Properties purchased with the separate funds of a spouse
• A business owned by one spouse prior to the marriage - Note that a portion of the business may be considered community property if the business improved and increased in value during the course of the marriage and/or if both spouses worked at the business.

Conflicts sometimes arise when non-marital assets are intermingled with community property. Often, it is difficult to identify which portion of the property is separate and should not be considered a marital asset. If separate property becomes intermingled with community property and the two cannot be identified, then the entire asset becomes community property. The only way to insure equal division of property is through the use of a qualifying prenuptial agreement.

Let Leading Riverside Division of Property Attorney, Michael R. Young Help You!
Retaining the services of an expert Riverside division of property attorney can help protect what should be rightfully yours. Riverside division of property attorney Michael R. Young handles divorce cases and the matter of property division with the utmost care. It is crucial to perform a thorough investigation into all assets of both parties during a contested divorce proceeding. As a leading Riverside division of property lawyer, Michael R. Young has the skills you need to do just that.

At the Riverside division of property Law Firm of Michael R. Young, we have the expertise you need when it comes to extensive and complicated division of property matters. We utilize only the finest experts in various fields to help us during the valuation process so that you attain what is rightfully yours during your divorce. For more information on how Riverside division property lawyer Michael R. Young can help you, contact us today for a free initial consultation!

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