The Truth About Divorce and Division of Assets: What You Need to Know
Divorce can be a stressful and confusing process, especially when it comes to dividing assets. A common misconception is that one spouse automatically gets half of everything the other spouse owns. However, this isn't always the case. At The Tabo Law Firm, we’re here to set the record straight and guide you through the complexities of California’s community property laws.
In California, only assets and earnings accumulated during the marriage are typically subject to equal division. For example, if one spouse had significant wealth before the marriage, that pre-marital wealth is generally not up for grabs in a divorce. On the other hand, income and assets earned during the marriage are considered community property and are usually divided equally.
Spousal support (or alimony) is another factor to consider. While a spouse’s income does play a role, it’s not an automatic ""50/50"" split. Courts look at various factors, including each party’s financial needs, earning capacity, and the length of the marriage.
If you’re facing divorce and have questions about your financial future, The Tabo Law Firm is here to help. Call us today at (916) 866-8856 for a consultation and let us protect your rights, your assets, and your peace of mind.
