Property Subject to Division
Community Property Subject to Division
In a divorce or legal separation all community property is subject to division. Further, it is important to remember that separate property and community property are property subject to division in a divorce or legal separation, but the division is limited only to the community property.
Real estate, along with many other assets can be characterized as community property.
Any of the following assets can be characterized as community property or have a community property interest, and thus is property subject to division:
• Real estate
• Furniture, furnishings and appliances
• Jewelry, antiques and collections
• Automobiles, motorcycles, and boats
• Checking and savings accounts
• Investments
• Pensions
• Employment bonuses
• Severance pay
• Businesses and partnerships
• Copyrights
• Salaries
• Stock options
• Disability payments
• Worker’s compensation
• Life insurance proceeds; AND
• Court judgments
Call the Wallin & Klarich Division of Property Lawyers Today
Our lawyers will walk your through the entire process. Let us help you today.
Whether you are unsure if property you own is community property or know that a large amount of community property will be subject to division in your divorce or legal separation, it is crucial that your retain Wallin & Klarich to protect your property interests.
If you or someone you know is considering divorce or legal separation, you will need a skilled attorney to advise you properly with regard to your property rights and to ensure that your legal rights are protected.
With offices located in Los Angeles, Orange, Riverside, San Bernardino, San Diego, Victorville, West Covina, Sherman Oaks, Torrance and Ventura , there is a Wallin & Klarich attorney available wherever you happen to live. We will get through this together.
Call us at (888) 749-7428 or fill out our online consultation form to get in contact with a legal professional today.