How Should We Divide Our Property?

How Should We Divide Our Property?

Advice From a Dedicated, Passionate Lawyer

One of the most complicated aspects of a divorce is determining how to fairly and equally divide your assets and debts. The property division process can easily add additional stress and emotion to an already difficult process, which can only further complicate the issue and make it harder to reach a resolution that you both can agree upon. Fortunately, our Pasadena divorce attorney has the experience and knowledge that can help you understand how to get through the process with as little stress as possible.

Attorney Gille is board certified in family law, which means that she is a specialist in her area and can offer an expertise that few legal professionals can claim. She is passionate about helping families get through their complex legal battles while mitigating the stress that it can cause. When you retain the representation of Goldberg & Gille, you can expect nothing but the highest quality of legal guidance that can help you make rational and effective decisions.

Tips to Follow for Property Division

In order to reach an amicable resolution for your divorce, it is essential to remain collaborative throughout the entire process. At any point, the potential for emotions to flare is extremely high, especially when it comes to making decisions regarding your property and assets. It is easy to let your frustrations and feelings influence your approach to property division, but it is essential that you keep a cool head and make rational decisions.

Be prepared.

The first and often most crucial step in any process is preparation. Doing your homework and research before negotiations begin can make reaching a resolution easier and faster. More importantly, knowing your rights will ensure that your interests are protected throughout the process.

  • Make sure you are aware of all state laws
  • Compile all marital and individual property
  • Understand the financial needs of both parties

Use methods that best work for you.

Just as no two individuals are alike, neither are there two couples that are identical. Thus, every divorce will be different and the methods that you use to approach your division should be unique to your relationship. When choosing a method of negotiation, it is important to understand how you and your ex-spouse communicate with one another and choose a strategy that will give you the best chance at reaching a resolution.

There are a number of different negotiation strategies that you and your ex-spouse can follow. For one, you may elect to sell any or all of your property and split the earnings that you make from it. Additional strategies include the following:

  • Determine ownership logically: decide if there is a good reason why one spouse should take each asset, whether based off necessity or convenience
  • One spouse divides all assets into two lists; the other spouse chooses the list he or she takes
  • One spouse assigns a monetary value to each asset; the other spouse chooses the assets he or she takes up to an amount that is half of the total
  • Use a bidding system: both spouses present one sealed bid on items and the item goes to the winner at its listed value; at the end of the process, an equalizing payment is made

Our Pasadena family lawyer can help you understand the best strategies for property division and can head negotiation processes if you find it impossible for you and your ex-spouse to collaborate. While uncontested divorces are simpler and faster, it is not always the right answer for couples who have issues with communication. Thus it is essential that you have a legal advocate in your corner.

Our Team of Legal Professionals Are Here to Help

At Goldberg & Gille, we understand that going through a divorce is an entirely difficult and emotionally demanding time. While we encourage collaborative property and asset division, we also know that it may not be an option for you. Whether you are seeking an uncontested or a contested divorce, our Pasadena divorce lawyers are ready to provide you with the legal guidance that you need. You don't have to face a divorce alone; we're ready to protect your interests.

Schedule your free consultation today! Call our offices or fill out a brief online form.

Categories: Family Law, Divorce

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Pasadena Family Law Attorney
131 N El Molino Ave, Suite 310A,
Pasadena, CA 91101 (View Map)
Phone: (626) 340-0955
Local: (626) 584-6700

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