L.A. County Marital Asset Attorney

Marital Assets

When determining what is considered a “marital asset” in a divorce, it is important to understand California laws regarding community property.  Generally speaking, the assets that one owned prior to the marriage are not considered to be community property.  However, it must be understood that there are cases in which what was once personal property becomes martial property over time, such as the home in which the couple or family live.  Even if this was originally owned by one partner, if the family resided in this property it is likely that the court would consider it a marital asset in divorce or annulment.  When seeking a Los Angeles County prenuptial agreement attorney to assist in determining marital assets, it is strongly advised that you contact the office of Harvey A. Sitzer, Esq.  We have helped countless individuals in the area in determining what assets are considered marital or non-marital.

Attorney Harvey A. Sitzer:  Experienced in Determining Marital Assets

In some divorce cases the finances involved are extremely complex, with multiple properties, businesses, bank accounts and investment accounts.  When this is the case, particularly in a hotly contested divorce case, certain assets may be “hidden” or actions have been taken to avoid the community property laws of the state.  These cases may require a forensic accounting specialist who can determine where the assets have gone, and to find hidden accounts and properties.  It is important that your legal representation is a skilled prenuptial agreement attorney with experience in all aspects of marital property laws and how to determine what will likely occur in a divorce.

When individuals are not protected by a prenuptial or postnuptial agreement, the property that is considered to be “marital property” usually includes the following:

• The home in which the family lived
• Vacation homes
• Investment or rental properties acquired during the marriage
• Retirement accounts
• Family businesses
• SEP accounts

In some cases, these assets may have originally been the property of one spouse, but over time, in California, these assets may be considered marital assets.  It is critical that your legal representation is fully familiar with the laws and the legal options for protection of personal assets and property prior to marriage with a prenuptial agreement, or after the marriage has occurred with a postnuptial agreement.  Attorney Sitzer has over 25 years experience in assisting clients who are concerned about their assets with regard to marriage, and how to resolve complex financial situations in divorce.

Contact Los Angeles County Prenuptial Agreement Attorney Harvey A. Sitzer, Esq. for top quality legal assistance with regard to marital assets, and drafting agreements to protect assets in the future.