How We Help in Property Division Issues
At Andrew J. Botros, APC, we understand that property division is often a source of significant stress in divorce.
Our attorneys provide:
- Clear strategy from the outset. We identify potential areas of dispute early and craft a plan tailored to your goals and an optimum resolution.
- Experience with complex financial matters. Our business and financial analysis background allows us to effectively work with appraisers, accountants, tax consultants, and forensic experts.
- Robust advocacy at every stage. Whether through mediation, settlement, or trial, we fight for results that protect your financial security.
- Experienced family law firm. With Board Certified Family Law Specialists on your side, you benefit from attorneys recognized for their mastery of California family law.
The Three Steps of Property Division
California courts approach property division in three key phases:
Identification of Property and Debts
At the start of your case, both spouses must disclose all assets and debts. This includes everything from real estate, investment portfolios, high-value art, jewelry, vehicles, boats, and antiques to bank accounts, credit card balances, and other personal property, including gifts between spouses.
Characterization as Community or Separate Property
Assets and debts are then categorized as either community property (belonging to both spouses) or separate property (belonging to one spouse). Sometimes, property may have both community and separate components. This step may require forensic accounting or tracing analyses, especially when assets have been commingled.
Valuation of Community Property
Once assets are identified and characterized, they must be assigned a value. Some valuations, such as hiring an appraiser for a family home, are straightforward, while others, such as valuing a business, can be highly complex and require neutral experts.
The division may be relatively straightforward when assets are easily identified and valued. But when disputes arise over ownership, tracing, reimbursements, or business growth during marriage, the process becomes far more involved.
Complex Property Division Matters
Our firm frequently represents clients in cases where property division involves significant complications, including:
High-Asset / High Net Worth Cases
High-asset cases often involve multiple properties, investments, or unique financial structures that require advanced legal and economic analysis.
Family-Owned Businesses and Professional Practices
When one or both spouses own a business or professional practice, determining the value and whether growth is community or separate property requires scrutiny. San Diego courts often appoint neutral accountants to assist in this process. Our attorneys’ business background and courtroom experience give us an edge in advocating for fair outcomes.
Retirement Accounts and Pensions
Dividing retirement benefits and pension plans requires careful attention to federal and state rules, often involving Qualified Domestic Relations Orders (QDROs). Our team works with financial experts to achieve proper and fair division and distribution.
Same-Sex Marriage Property Division
Property division in same-sex divorces can present unique challenges, particularly when couples shared assets before their legal marriage was recognized. Tracing ownership and determining community versus separate property requires both precision and sensitivity.
Protecting Your Financial Future
Division of property is not just about dividing assets. It is about securing your financial foundation for the future. Andrew J. Botros, APC has the knowledge, certifications, and courtroom skills to guide you through even the most complex property division disputes.
Call (858) 422-1377 or submit our online contact form for a confidential consultation with a San Diego property division attorney today. We serve clients throughout San Diego County.
