Hiring an experienced Newport Beach property division attorney will make it much easier for you to navigate your property division proceedings. It will increase the chances of securing an agreeable outcome. Your attorney can help you gather the documentation you must submit with your financial disclosure statement, ensuring all relevant records are given appropriate consideration throughout your divorce case. If you believe your spouse has hidden assets, or if you have complex financial questions you cannot address on your own, your attorney can coordinate expert witness testimony to support your case.
A Newport Beach property division attorney can also potentially help you streamline your divorce in various ways. For example, they may help you take advantage of alternative dispute resolution that allows you and your spouse to negotiate property division privately and reach more personalized results. Ultimately, you will have a much easier time managing the various aspects of your divorce case with an experienced Newport Beach property division lawyer on your side.
It’s natural to have many questions about property division and concerns about the process as you prepare for your divorce in Newport Beach. The attorneys at the Dorie A. Rogers have assisted many clients in the Newport Beach, CA, area with complex divorce cases. The following are some of the most frequently asked questions from prospective clients regarding property division.
Q: Can Separate Property Be Divided in Divorce?
A: Typically, a spouse can keep their separate property in divorce, but some separate property can be subject to division. The transmutation of property from separate property to marital property could come into play if one spouse’s efforts and contributions altered the value of the other spouse’s separate property in any significant way. For example, if you owned a home worth $300,000 before marrying your spouse but they contributed to renovations that increased the property value to $500,000, a judge may consider this a significant enough appreciation in value to consider the home marital property.
Q: How Do You Divide Real Property?
A: There are typically two options for dividing real property in a divorce: liquidation or a buyout. The spouses may agree to sell the house and divide the liquidated proceeds, or one spouse may trade other marital property to the other to effectively buyout their share of the real property.
Q: What Do I Do If I Discover My Spouse Had Hidden Assets?
A: Lying in financial disclosure is a severe offense likely to result in contempt of court. If you believe your spouse has lied in their financial disclosure or if you discover they have hidden assets after completing property division proceedings, notify your Newport Beach property division lawyer as soon as possible. Anyone who engages in this activity could face criminal penalties for fraud or perjury, and they will likely owe civil damages to the other spouse.
Ultimately, property division unfolds differently in every divorce case. You likely have many other questions specific to your divorce, and a Newport Beach property division attorney is the best available resource for securing the answers you need during this difficult time.
If you are preparing to end your marriage in Newport Beach, the Dorie A. Rogers can provide the legal counsel you need to approach this case with confidence. Contact us today and schedule your consultation with an experienced Newport Beach property division attorney.