How to value property in california divorce

Essential Guide on How Property is Divided in a California Divorce

If spouses present conflicting values at trial the judge must choose either value or use that of an expert appointed by the court. The judge is not permitted to split the difference between the conflicting house values.

Identifying Goodwill

Of course, all divorces are unique and other evidence and experts may be used to determine the value of a house for purposes of divorce. This website or its third-party tools use cookies which are necessary to its functioning and required to improve your experience. Please click the consent button to view this website. I accept. Deny cookies Go Back.

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Whether through litigation or mediation, we believe that reaching a fair, efficient solution with minimal negative impact to your family is of the utmost importance. Visit Our Office.

Dividing a Business: What You Need to Know About Valuation in Divorce

Close Popular Related View All. Gardner Henry F. Oakland Office More Contact Info. In many cases, spouses simply divide the debt owed by half, and each spouse takes on debt equivalent to that amount. Creditors can seek payment regardless of which spouse agrees to take on responsibility for the debt after the divorce. To avoid future problems with debt payment, spouses sometimes agree to pay off credit cards and other debts with proceeds from the sale of property.

Dividing The Family Home in a California Divorce

The spouse who takes on credit cards also can secure a new credit card and transfer the existing debt. If a spouse incurs debt after separating but before the divorce is final, the debt falls into one of two categories.

If the debt is necessary for daily life or for the needs of children, the court may assign it to either spouse depending on the ability to pay. Debt for unnecessary expenses typically is assigned to the spouse who incurred the debt.

Methods of Business Valuation

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Community Property in California The State of California recognizes community property, which includes any debt or property a couple amasses from the time they become married till they separate, and it remains community property until a distribution approved by a judge. Property Division Can Be Confusing.

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