Family Law Blog

How to Come to a Property Division Agreement

Thursday, May 25, 2017

In California, division of property in a divorce follows community property rules. That means that the marital property is not split equitably, but rather evenly across both parties. However, separate property, which was bought by one party in a marriage alone is kept by its owner. However, if you are the major earner in a marriage, and are likely getting the short end of the stick with community property rules, there is a way around it.

While you can let the court decide property division, it is better for both parties to come to an agreement themselves. A property division agreement is an informal agreement with your soon to be ex-spouse where you can both negotiate a fair split. This is a way to easily get around community property rules, but only if both parties agree. Naturally, when the other party could legally be getting more, getting them to agree to a property division agreement is not easy, but not impossible either.

One of the most important things to consider when sitting down for a property division agreement meeting is whether or not to have attorneys present. No matter how friendly you still are with your ex-spouse, it is best for both parties to be represented just so things stay fair. Some parts of the property may have more sentimental value than they do monetary value, which is the major reason to do division of property independent of the court in community property states. By sitting down and doing it independently, everyone can get the specific things they want.

If you are filing for divorce and are looking to sit down to a property division meeting with representation, contact us today.