Almost all aspects of a divorce can be complicated, including property division. California is a community property state, which means both spouses have equal rights to marital property. Understanding this concept in depth and agreeing on crucial factors can help you and your soon-to-be ex-spouse have a smooth division experience
However, certain factors may make this challenging. This guide discusses three of them.
Hiding assets
If you believe your spouse is hiding assets, you may have a complicated property division. You can tell your spouse is doing this if they are engaging in unusual behaviors, such as:
- Paying huge family debts
- Withdrawing large amounts of money
- Giving people expensive gifts
- “Investing” in digital assets
- “Contributing” to charity
If you notice these and other signs, you should inform the court of your suspicion. It will use advanced resources to find hidden assets and subject them to division.
Common interests without a willingness to compromise
Undeniably, you and your spouse may be interested in the same property. This may not be a problem, but if no one is willing to compromise or you can’t determine an alternative solution, you may be headed for a complicated process. You can protect your interests in property division while compromising in certain areas for your spouse to get a favorable outcome.
Nonetheless, if you are willing to compromise but not in a particular asset, it may be best to go to court.
Value of assets
A high-asset divorce doesn’t necessarily have to be complicated. However, when the value of assets is high, the chances of conflicts arising increase, especially when spouses are unwilling to compromise.
If you conflict with your spouse over property division, you should get legal help to make the right moves.
