How High-Value Marital Property Is Handled In San Jose Divorce Proceedings

Marital property and asset division is one of the most significant issues to address when getting a divorce in San Jose. In California, each party is generally legally entitled to an equal share of property acquired during marriage.

Determining what is rightfully yours often presents unique challenges, particularly when your assets have significant value. Our experienced San Jose asset division lawyer explains how the court handles high-value marital property in divorce proceedings and how to get your fair share.

Dividing Marital Property and Assets In San Jose Divorce

Married couples often accumulate significant amounts of property and assets, which must be divided between them in the event of a San Jose divorce. California is a community property state. Under the California Family Code, each spouse is legally entitled to a 50 percent share of anything earned or acquired during marriage. This applies to:

• Residential and commercial property;
• Land homes and liens;
• Antiques and high-end furnishings;
• Artwork and other high-value collectibles;
• Personal belongings, such as furs and fine watches or other jewelry;
• Business interests;
• Digital assets and intellectual property;

Negotiating a divorce settlement is rarely easy but plays an important role in your ability to financially recover after a split. It can be particularly challenging in high-value asset cases.

How To Protect Your Rights To High-Value Property and Assets In A San Jose Divorce

Dealing with high-value marital property and assets is common in divorce cases involving high-end earners and people with trust funds or other inherited wealth. However, even if you are not affluent, you or your spouse may have accumulated items over the years that dramatically increased in value. To protect your rights when dealing with high-value assets in a San Jose divorce, follow these steps:

• Make a complete list of all property and assets you and your spouse own, which is needed in order to obtain a divorce through the Santa Clara County Court;
• Look online and consult with local appraisers to get an idea of each item’s current value;
• Consider what certain types of marital property and assets, such as collectibles, stock or other shares in a business, might be worth in the future;
• Consult an experienced San Jose asset division lawyer before agreeing to any settlements.

Schedule A Consultation Today With Our Experienced San Jose Asset Division Lawyer

Getting the maximum amount you are entitled to in a San Jose divorce settlement plays a vital role in your ability to recover financially afterward. However, this often proves difficult, particularly when property and assets are considered high-value.

To protect your legal rights in these proceedings, contact Argyris Mah, LLP. We provide the fierce legal representation you need to get the best possible settlement. Schedule a consultation today with our San Jose asset division lawyer.

Sources:

leginfo.legislature.ca.gov/faces/codes_displayText.xhtml?lawCode=FAM&division=7.&title=&part=2.&chapter=&article=

santaclara.courts.ca.gov/self-help/self-help-topics/self-help-family/divorcedissolution