Your real estate is your most valuable piece of property that can be disputed during divorce proceedings. The possession of a home, apartment, or even other owned parcels of land can mean not only a place to live, but also residual income based any appreciation or investments in additional properties.
It’s important to make sure you have strong legal counsel on your side when entering into any family law proceedings, particularly in mediation. At Alternative Divorce Solutions, our Orange County divorce mediator can help you by not only providing experienced legal counsel for your real estate division process, but can also represent you and your best interests in divorce proceedings.
Call Alternative Divorce Solutions at (949) 558-2624 today to retain legal advocacy for your family law needs.
The first thing required from couples wishing to divide their assets during a divorce or legal separation must do is to file a “Schedule of Assets and Debts.” This essentially is a list of everything the couple owns, both communal and individual. The most important thing on this list is to be honest, as any hidden items can result in significant penalties.
This schedule is then used to determine the appropriate division of the assets based on a number of factors, including who made payments on a property. Likewise, any pre-nuptial or post-nuptial agreements, which protect the possession of certain assets, must be considered. The possession of any debts, such as home mortgage loans, will also come into play.
The value of these assets will then be used to determine a fair division. Spouses may be allowed to “buy out” the other in the event of a mutual ownership. Due to the high value of real estate, these trades are not very common. However, a skilled divorce attorney can help you determine and fight for a division that is in your best interests and negotiate a settlement that works in your favor.
At Alternative Divorce Solutions, Lani Baron, Attorney-Mediator, has extensive experience in dealing with family law issues. Her compassionate and flexible approach to each case ensures that she can produce creative and dynamic solutions for her clients and always ensure that their best interests remain a priority.
If you would like a free case evaluation regarding your real estate assets during a divorce, contact Alternative Divorce Solutions today.