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Divorce can dramatically impact your financial security. At Family Law Matters, we understand the emotional and financial challenges that come with dividing property and securing your future. Protecting your assets during this difficult time is vital.
The income that once supported your family must now be stretched across two households. Your assets and business income are at stake in a divorce. By establishing a divorce asset protection plan, you can protect your financial interests and avoid being unprepared for the challenges ahead.
Don’t wait until it’s too late to secure your assets. Failing to act now could leave your financial stability vulnerable for years to come.
Several legal tools can help protect your assets during a divorce. Understanding which strategies are appropriate for your situation is key to maintaining your financial security. Our Riverside attorneys will guide you through the available options and develop a plan tailored to your needs.
Protecting Your Assets During a Divorce in Riverside
When facing a divorce, it's crucial to take steps to safeguard your assets from potential disputes. In Riverside, local courts have the authority to enforce domestic actions, meaning judges have jurisdiction over property within the area.
There are several domestic asset protection strategies available, including trusts, limited liability companies (LLCs), and limited partnerships.
However, it's important to note that in actual divorce cases, courts have the ability to penetrate most domestic structures.
Our in-house asset protection attorneys in California are well-versed in these matters and can provide expert guidance.
Couples going through a divorce must decide how their property and debts will be divided or ask the court to do so.
Under California’s community property laws, assets and liabilities acquired during the marriage are considered jointly owned by both parties.
This means that, in the event of a divorce, these assets and liabilities must be divided equally.
California is a community property state, which means that any property acquired during the marriage by either spouse is presumed to be owned equally by both partners.
This includes income, real estate, and other assets acquired while married.
To protect your assets during a divorce, consider the following steps:
When you choose us, you can expect:
We know how personal and impactful family law issues can be. That’s why we’re committed to:
If you’re in need of caring, compassionate help with your divorce or family law case in Riverside, CA, we’re here for you. Contact us to start the conversation.
When going through a divorce in Riverside, one of the most effective ways to retain certain assets is to prove that they are "separate property" and not part of the marital estate.
Separate property is typically not subject to division during a divorce, unlike community property, which is shared equally between spouses.
Under California law, any property—real or personal—acquired by a married person during the marriage is presumed to be community property. This includes anything purchased or earned while domiciled in the state. However, separate property is defined as:
There are exceptions and nuances to these rules, but generally, if you can prove that an asset falls into one of these categories, it will be considered separate and not subject to division during your divorce.
If you acquired property during your marriage using funds from the sale of an asset you owned before the marriage, you might be able to claim that the new property is separate. For example, if you sold a house you owned before marriage and used the proceeds to purchase a new home during the marriage, you may be able to argue that the new home should be treated as separate property.
Our knowledgeable family law attorneys in Riverside can assist you in proving that the funds used to acquire certain properties during your marriage came from your own bank account or separate assets.
As experienced asset protection lawyers, Family Law Matters is dedicated to helping you secure your financial future as you navigate the divorce process.
Contact us today for a free initial consultation to discuss how we can help protect your financial interests during your divorce.
27307 Via Industria
Temecula, CA 92590