Westlake Village Asset & Property Division Attorney

Going through a divorce can be incredibly challenging, particularly when it comes to dividing assets and property. In fact, property division is one of the most contentious parts of the divorce process. At the Law Offices of Stephanie L. Mahdavi, our team is here to help if you need a Westlake Village asset and property division attorney by your side. We have the experience and resources necessary to fully analyze your assets and handle all negotiations with your spouse and their legal team to ensure that you are treated fairly throughout this process.

Understanding asset and property division in Westlake Village

The division of property during the divorce process in Westlake Village can be incredibly confusing, particularly because not every jurisdiction across the country handles property division the same way. In California, we live in a community property state. This means that any property acquired during the course of the marriage will be considered joint property. Any property acquired before the marriage can be considered separate property, though this property will become joint property if it is commingled with any marital assets.

If a married couple divorces, then their property should be distributed equitably. We do need to point out that equitable division does not necessarily mean a 50-50 split down the middle. This means that the property has to be divided as fairly as possible.

Some of the main types of assets and property that must be divided during a Westlake Village divorce include the following:

  • The marital home
  • Any secondary home
  • Other real estates
  • Business real estate
  • Vehicles, Boats, RVs
  • Pension plans, IRAs, 401(k)s
  • Professional practices (attorneys, doctors, chiropractors, etc.)
  • Furniture, collectibles, artwork, etc.
  • and more

Even though uncontested divorces may flow more smoothly than contested divorces, it is a good idea to have a skilled property division attorney in Westlake Village by your side when handling these situations. For contested divorces, it is crucial to have legal counsel to ensure that you are treated fairly.

Are marital debts divided as well?

Any debt that is acquired during the course of a marriage will also be considered part of the community property that must be divided equitably. Some of the main types of debts that need to be divided during the divorce process include the following:

  • Credit cards
  • Mortgages
  • Tax debt
  • Personal loans
  • Installment loans
  • Automobile loans
  • Student loans
  • Payday loans

Call a Westlake Village asset in property division attorney today

If you are going through a divorce in the Westlake Village area, you need to contact an attorney as soon as possible. At the Law Offices of Stephanie L. Mahdavi, we have extensive experience handling complex divorce cases, and we understand what it takes to ensure that your assets and property are protected. We know that this is a challenging time for you, and we want to make sure that you are treated fairly throughout this entire process. When you need a Westlake Village asset & property division attorney, you can contact us for a free consultation of your case by clicking here or calling 805-379-4550.

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