Real Estate Division in California
Counsel from a Proven Orange County Divorce Mediator
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.
California’s Property Division Process
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.
A Schedule of Assets and Debts must include all real estate possessions, including:
- Land assets
- Owned homes/apartments
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.
Advocacy You Can Count On
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.
During an emotional time in your life, you shouldn’t have to worry about your pocketbook. Our one-time flat fee includes all costs associated with the mediation process.
We focus on non-intrusive solutions and minimize court involvement. This keeps the entire divorce process more confidential and less stressful for everyone involved.
We help you resolve all of the issues a judge would decide, such as asset and debt division, property division, or child custody and support in a peaceful and respectful way.
My Husband and I Came Through this Process Whole and At Peace- Kelley B.
Lani's Knowledge of the Law was Instrumental in Prevailing in a Situation that Appeared to be a Lost Cause from the Onset.- Esther R.
It Is Possible to Remove Stress from a Divorce- Donald B.
I don’t know if I would have made it through my divorce without Lani and the team at Alternative Divorce Solutions.- Giz S.
Do yourself a favor and call Alternative Divorce Solutions…..you’ll be glad you did!!!- Bill P.