Property Division

One of the objectives of the divorce process is to divide your real and personal property. This is called division of property or property division. In California, we divide property according to community property law. This means that all property that is acquired by you or your spouse during marriage will be divided between you and your spouse equally – unless it was a gift, inheritance, or was acquired before marriage. In most divorces, the division of property will probably include a division of the family residence, bank accounts, retirement accounts, debts, and vehicles. More complex divorce matters will include a division of other real property, multiple bank accounts, retirement accounts, stock options, patents, copyrights, royalties, and one or more businesses. More complex matters can also involve a division of work efforts you have put into your separate property or proceeds of a loan taken out during marriage.