Compassionate Pasadena, California Divorce Lawyers with Decades of Experience
One of the most contentious legal issues for divorcing couples is the division of property and assets, and our attorneys understand that the results of your property division issues can impact you and your children for years. Whether you are looking to protect your family home or divide business assets, or if you have extensive investments, it is important to work with an experienced attorney who can protect your rights and interests. Valuation of a business that is not readily marketable – such as a professional medical, dental or law practice – can be very difficult and requires both attorneys and forensic accountants who are conversant with the case law and valuation principles that are used in such situations.
Division of retirement benefits is a particularly important matter which can have important long-term consequences for your financial security. Salisbury Lee & Tsuda, LLP is a Pasadena, California law firm with experience in complex property division cases. We review your assets, debts and income and apply our knowledge of California divorce law to best protect your rights.
Achieving Your Best Possible Property Division Outcome
Whether you have significant assets, want to protect your family home, want to secure your pension after divorce, or trace your separate property assets that have been commingled with community assets, we can help. Our California property division attorneys are dedicated to helping you achieve the best possible outcome in your case for the security of you and your children.
A Pasadena family law attorney with our firm will be sensitive to the issues that you face and will work constructively with opposing parties on even the most emotionally charged and divisive issues. We are available to assist you on the following matters:
Division of property during a California divorce involves consideration of the following important issues:
Community property in California. California is a community property state, meaning that all property is considered either “community” or “separate” property. Community property is the property acquired during the marriage by either party (e.g. earnings of either party), while separate property is property owned by either party prior to the marriage or given to one spouse individually as a gift. At the time of divorce, the courts will divide all community property equally between the parties, while separate property will be given to the party who originally owned it.
Complex asset division. Because of the distinction between community property and separate property, and the fact that community property will be divided 50/50, it is critical that the other spouse’s assets by fully disclosed and accurately valued. Some property can be difficult to divide, especially in high-asset cases, Our firm is experienced in the division of property, including retirement accounts, pensions, 401(k) accounts, real estate, business property, professional practices, small and larger privately held businesses of all different sorts, and other assets. We will work to ensure that the other party provides a comprehensive disclosure of correctly-valued community property assets.
“It is with pleasure that I recommend Lee Salisbury as an excellent divorce lawyer. He made a very painful process go relatively quickly and smoothly.”
Property subject to division includes:
- Real estate, including vacation homes
- Family businesses
- Passive and active business interests
- Pension plans and retirement plans
- Family heirlooms and jewelry
- All personal property, including furniture and electronics
- Gifts shared by both spouses
Reversals of determinations. Remember that property determinations are final and not modifiable, so it is important that you obtain desired results at the outset. Our property division attorneys have the experience, skills and knowledge of the California court system to effectively protect your rights and interests.
At Salisbury Lee & Tsuda, LLP, we are dedicated to achieving the best possible outcome in your family law matter and establishing a solution that works for you and your family in the long run. You can trust that your Pasadena divorce lawyer will always remain available to answer your questions, address your concerns and effectively assert your rights through negotiation and settlement or in court. For a consultation with an experienced attorney, please call 626.449.4812 or contact us online. We are available Monday through Friday, 8 a.m. to 5 p.m. Salisbury Lee & Tsuda, LLP is located two blocks south of Lake Ave. and Colorado Blvd. Our firm is accessible from the 110 (Pasadena) Freeway and the 210 Freeway. Free parking is available. We also have attorneys who speak Mandarin and Japanese.
How Can We Help?
For a consultation with an experienced attorney, please call 626.449.4812 or fill out the form below.