Legal Question in Family Law in California
Property Division
I am wondering if my wife and I have the following assets and Calfornia is a community property state and she filed for a divorce am I entitled to 1/2 of the assets ?
Is their circumstances that can exist where I end up with less or nothing?
2 Automobiles
1 House with over $100,000 in equity
1 Mutual Fund account with over $50,000
1 401K Fund worth over $50,000
2 Answers from Attorneys
Re: Property Division
If the property is indeed community property then you will be entitled to one half thereof. You will also be obligated for one half of community debts.
Regards,
Damian Nolan
Reply: Property Division
In a gneeral sense, you are entitled to one half of the community property. Whether a particular asset is community property has to be ascertained based upon your unique circumstances.
For a specific opinion regarding your individual circumstances, I suggest that you consult with an experienced family law lawyer. Experience is not expensive, it's priceless!
You will find some valuable information on various California family law issues by visiting my web site.
Good luck to you!
Brian Levy, Esq.
www.calattorney.com
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