Property Division

California Property Division and Asset Division Specialist Attorney

Property division is a major part of the divorce process and is often a source of dispute between spouses. At the Law Offices of Randy W. Medina, APLC, in Pasadena, California, we believe in mediating such disputes. However, we will aggressively represent our clients in court when necessary.

Divorce Means Equal Division of Property

Divorce in Los Angeles County and throughout the state mandates that you will divide your assets and debts, and finances. California is a community property state, meaning that any asset or debt acquired during the marriage is to be divided equally between the parties.

Reimbursements and Credits

California law allows for various reimbursements and credits in the event of a divorce. For example, if the down payment in the purchase of your home came from your separate property, often times that money can be reimbursed to you. At the Law Offices of Randy W. Medina, APLC in Pasadena, California, we can guide you through the process and take full advantage of what you are entitled to under the law.

To Sell or Not to Sell Your House

With equal property division in mind, many clients come to us assuming that they must sell their house following the break-up of their marriage. That is an option and both spouses can split the proceeds. However, there is no requirement that you sell your home. One spouse can buy out the other spouse. If minor children are involved, the court has the authority to postpone a sale until the children reach 18 years of age.

Complex Property Division

Pensions and retirement accounts present unique challenges. Special orders called qualified domestic relations orders are usually required to effect a division of a retirement plan.

Contact Us

Our goal is to identify what you want to keep and assist you in the valuation of your assets and finances. To find out more information or to schedule an appointment with an experienced lawyer regarding marital property and the possibility of hidden assets, please contact us.