When it comes to divorce, it’s probable that you’re going to have some complex issues when dividing your property. You might struggle with deciding how to divide your retirement accounts or be worried about the best way to split your home or major assets.
The good thing to remember is that since California is a community property state, you’ll divide everything equally unless you have a pre- or postnuptial agreement in place that indicates a different division of your assets.
Why is a 50-50 split a good thing?
It’s good for a few reasons. First, it means that your spouse can’t get more than 50% of the marital assets. If you owned most items before you got married, you won’t have to worry about those in most cases since they’re usually going to be considered separate property. On the other hand, assets you obtained during marriage may be considered marital property and split accordingly.
A 50% split also means that you won’t lose out if you’re the lesser-earning spouse. You’ll still be able to get a fair amount of assets out of the divorce and be able to move on with the assets you expected to get. You’ll be protected against a spouse with more money using their influence and money to gain more property and to leave you with little to nothing.
Your attorney can help you understand the 50-50 division of assets and which assets it applies to in your case. With good help, you can be sure that you’ll get the guidance you need during your complex divorce.
