Division of Property – What Property Is Subject to Division?

All community property is subject to division at divorce. In addition to the more conventional properties, such as vehicles or real estate, community property may include investments, pensions, bonuses, severance pay, businesses, bank accounts, copyrights, salaries, stock options, disability payments, worker’s compensation, life insurance proceeds, court judgments, etc.

Certain property is not subject to community property division, but to division according to federal law. This includes federal saving bonds, military insurance policies, Social Security benefits, and veteran’s disability benefits.

If you consider the amount of property you acquired during marriage, you will probably realize that a significant amount of property belongs to the community, even if it was only purchased for an individual spouse. Also, not only does community property apply to tangible assets, but to intangible property interests, such as investments and pensions. The greater your community estate or the longer your marriage, the greater need to have a Southern California divorce attorney represent you and protect your legal interests.

If you or someone you know is considering divorce, you will need a skilled Southern California divorce lawyer to advise you of your rights and to protect your property interests. At Wallin & Klarich, we have helped people with property division at divorce for over 30 years.  Call us today at (888) 749-7428. We will be there when you call.