Asset Division and Protection
Complex financial, valuation, and tax issues can impact all aspects of family law cases, including child and spousal support and division of assets.
California is a community property state. In other words, “all property, real or personal, wherever situated, acquired by a married person during the marriage,” is the property of both spouses, to be divided equally on dissolution.
As a result, the first step in asset division incident to a divorce is discovery and investigation into the assets, separate or community, of both spouses. The next step is to characterize the assets, as the Court would, as either separate or community, and to discuss that characterization with the client.
We then value the assets, whether they are closely held businesses, trusts, partnerships, stock options, capital assets, or investments, among others. After valuation, we present various options for distribution of the assets to the client and counsel the client toward settlement, if possible. However, if settlement is impossible, we move toward implementing an effective litigation strategy aimed at achieving the client’s goals.
Questions? Consult with us.
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