Newport Beach Division of Assets Attorney
The division of property that occurs within a divorce can be very complicated depending on the nature of the marital estate that is being divided. For simpler marital estates, an experienced divorce attorney may be able to create a division that is acceptable and equitable to both parties. For marital estates with a greater amount of assets, you may be better served by a divorce attorney with extensive financial experience.
Orange County property division lawyer Violet P. Woodhouse started her Financial Planning career in 1982, became a CERTIFIED FINANCIAL PLANNER™ in 1986, an attorney in 1993 and received her Certification as a Family Law Specialist in 1997. Violet P. Woodhouse, APC, was founded in 1996 and has been providing highly skilled family law representation that is backed by decades of extensive financial knowledge and expertise ever since.
Community Property Versus Separate Property
When the property from a marriage is being divided, the court will look to determine what property constitutes the community property of the marriage as opposed to the separate property of the individual spouses. Property acquired prior to the marriage is considered as separate property. Property acquired during the marriage is generally considered to be community property. Exceptions include gifts and inheritance to an individual spouse. Even these, however, can lose their designation as separate property if they are not handled properly.
Asset and debt division can become complicated during a high-end divorce that includes assets such as:
- Multiple homes
- Investment property
- Boats
- Investment portfolios
- Timeshares
- Antiques
- Luxury items
- Businesses
Businesses can present especially difficult scenarios. Ensuring an appropriate valuation of a business can be paramount during the division of property. We routinely hire experts to perform the business valuation, and attorney Woodhouse's experience as a CERTIFIED FINANCIAL PLANNER™ can be of great benefit during a property division that includes a business or other exceptional assets.
Noted Author of Financial Guide to Divorce
Attorney Woodhouse's commitment to helping individuals who are facing divorce to better understand the financial implications of their situation led to her authoring "Divorce and Money: How to Make the Best Financial Decisions During Divorce." In that book, now in its tenth edition, Author Violet P. Woodhouse imparts decades of distilled financial wisdom to help you through your divorce.
Contact Us
Let a divorce lawyer who is also a CERTIFIED FINANCIAL PLANNER™ help you create property division that helps you move into the future with your assets protected. Turn to the law firm of Violet P. Woodhouse, APC, in Newport Beach, California. Call 949-467-9146, toll free at 866-934-1764 or simply contact us online to schedule your initial consultation.
