Property, Assets & Debts Lawyer in Pasadena, California and Serving
the Greater Los Angeles Area
In a California divorce proceeding, a court is tasked with the obligation
of dividing all community property (assets and debts) equally between
the husband and wife. Community property is defined as all property acquired
by a married person during the marriage while domiciled in California.
Separate property is generally defined as property acquired before marriage,
after separation, of by gift, inheritance or bequest. Community and separate
property may include:
- The family home
- Other real property
- Pension and other retirement plans
- Family owned businesses and closely held corporations
- Bank accounts
- Stock and bonds
- Professional practice interests, inventory, and investments
- Cars, boats and planes
- IRS tax debt
- Credit card debt
The preliminary steps in the process is the identification, characterization
and valuation of all assets and debts. California law imposes upon married
persons fiduciary duties towards each other which include the disclosure
of all material facts and information regarding these assets and debts.
Certain reimbursements, credits and charges may also be ordered by the court.
Because the Law Offices of Randy W. Medina focuses exclusively on family
law matters, we have extensive experience litigating divorce cases, drafting
marital settlement agreements and handling divorce and property settlements.
We have the competence you need to ensure that your marital estate is
properly divided. We thoroughly and meticulously conduct the discovery
necessary to obtain a comprehensive picture of the marital estate, ensuring
proper classification of community and separate property. We work with
professional appraisers, accountants, and other financial experts to ensure
proper valuation of our the marital assets. We also work diligently with
our clients to ensure that proposals for property division are fair and
The Law Offices of Randy W. Medina offers the greater Los Angeles area
accomplished and dedicated legal representation to help you navigate property
and pension distribution issues in anticipation of your family law trial
and prepare a settlement agreement for your marital dissolution or legal
Contact Our Office Today
If you need assistance with the divsion of your property, assets or debts
during a divorce, our team is here to help.
Contact our Pasadena law office to schedule a
free legal consultation at your earliest convenience.