California is a community property state. All real and personal property acquired during the marriage is presumed to be part of the community estate. So are most debts. Unless you and your spouse agree otherwise, community property assets and debts are typically divided equally in a divorce.
The division of property in a divorce can be complicated, especially when community property and the separate property of a spouse or both spouses have become comingled over the years. Determining what constitutes community property and its value may also be complicated when the asset is a business or the asset is an intangible such as a copyright.
For more information contact Joanne and set up an appointment.