Menu
Subscribe to this list via RSS Blog posts tagged in community property

Posted on in Divorce

CA divorce lawyerIn a recent study, researchers asked participants who they would save if a runaway bus was hurtling out of control towards their dog or another human being, as reported by Psychology Today. The majority of participants chose to save their dog over a “foreign tourist” or a “hometown stranger” both by a wide margin. The participants also chose saving their dog over their “distant cousin,” “best friend,” “grandparent,” and even their “sibling.” We obviously place enormous emotional value in our pets, so why does the court system treat our pets as mere property?

During a divorce, pets are considered either marital or personal property. This means that if one of the spouses owned the pet before marriage, they will get the pet no matter what. If the pet was acquired during marriage, the pet is considered marital property, also called community property here in California. However, this is all about to change thanks to the recent signing of Assembly Bill 2274 by the Governor into law. Starting January 1st, 2019, the court can determine sole or joint custody of pet animals that are community property. If you are going through divorce and have a beloved dog, cat, or other pet and it is vital that your animal ends up with you, it is essential that you contact a San Jose divorce attorney.

What Has This Law Changed?

Under the old law, and currently existing law until the end of this year:

...

Posted on in Divorce

CA divorce lawyerMany of us are aware of the potential conflict surrounding asset distribution during divorce. Deciding who gets the home, who gets which car, and how investments and bank account holdings should be divided is on the forefront of many divorcing couples’ minds. However, you may not have heard of the horror stories involving debt allocation/assignment during divorce. Just like property collected during the marriage is called marital property and belongs to both parties, debt is dealt with in the same way.

During divorce, debt will be distributed “fairly” amongst both parties, just like property is distributed fairly. Note that “fairly” does not have to mean equally, and in many cases, the debt incurred by one party should not have to fall on the shoulders of another after the marriage has ended. Instead of plodding through this treacherous terrain without any idea of what your rights are, and in so doing setting yourself up for potential crippling debt and bankruptcy down the road, consider reaching out to an experienced San Jose divorce attorney for legal guidance and protection.

California Is a Community Property State

...
Address 900 Lafayette Street, Suite 201, Room 12
Santa Clara, CA 95050
 
Phone 408-292-6289
 
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.