What are equitable distribution of property laws?

Equitable distribution of property laws in California are laws that dictate how assets and debts are divided in the event of a divorce. These laws involve both marital and community property. Marital property is defined as assets acquired during the marriage, while community property is considered a shared asset between husband and wife. In California, equitable distribution of property laws dictate that assets are divided in a fair and “equitable” way in the event of a divorce. This doesn’t necessarily mean an equal or 50/50 split, but rather a split that is fair to both parties. California courts will evaluate the income, assets, debts, and other factors when deciding how to divide property in a divorce. The court considers different factors when deciding how to divide property in a divorce, including the length of the marriage, each party’s financial resources, standard of living during the marriage, and the contributions each made to the marital asset or debt. Equitable distribution of property laws can be complicated, so it’s important for divorcing couples to consult with an attorney familiar with California divorce laws. In some cases, it may also be possible to negotiate a settlement with your spouse and their attorney, avoiding the need for litigation.

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