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Brian Don Levy, Attorney at Law

PROPERTY DIVISION

Generally speaking, community property and obligations are those acquired between the date of marriage and the date of separation. A community property interest can be created in separate property assets by using community funds to acquire or maintain the asset in question. Generally speaking, assets and debts post separation are not community in nature. Those items acquired or incurred during marriage by gift to one party or inheritance are excluded from the community. Commingling of community property and or debts with separate property and or debts creates a different problem and often times the tracing of the source of the asset or debt is required to separate the community property interest from the separate property interest.

The within information is not meant to replace my evaluation of your legal position as your attorney, and you should not make any final determination as to the characterization of your property before consulting with a qualified expert. The within discussion is a general overview of the very basic concepts of community and separate property which is provided to help you understand as well as to stimulate your memory regarding your various assets and obligations. If you schedule an appointment, we will meet and discuss your property rights at length in the course of my representing your interests. In order to determine what position you want to take regarding any asset or obligation, we will spend a suitable period of time evaluating the issue so that you can make an informed decision.

If you have a specific question regarding property and or debt categorization, allocation issues, reimbursement issues, or any general family law question, or for more information, contact Lawyer@CalAttorney.com.

THE LAW OFFICE OF BRIAN DON LEVY
908 S. VILLAGE OAKS DRIVE, SUITE 200
COVINA, CALIFORNIA 91724-3676
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(626) 332-1304
(800) 330-8216
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This communication is an "Advertisement" as defined by The Rules of Professional Conduct and California Business and Professions Code. No communication resulting herein shall create an attorney-client relationship unless a separate retainer agreement is signed by attorney and client. The information provided is not legal advice nor is it conveyed in the course of an attorney-client relationship, but is intended merely as a general overview with regard to the subject matter covered. The author, publisher and host are not providing legal advice to your situation. You should not act upon this information without seeking professional counsel.
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