Is it true that California divides assets 50-50?
California is what is called a “community property state”. What that means to you is that the assets (and liabilities) that were acquired during the term of your marriage belong to both parties in a divorce. These assets and liabilities are going to be divided between the two parties. There are many ways the property may be divided, but essentially the formula will measure the net dollar value of the estate and divide it. It may be that one party will “cash out” or other options for equalization. Call my office and I will discuss your particular situation with you and give you my advice on your case.
