What is Property Distribution?
A property agreement is a legally enforcing contract in specific to who owns what over the timeline of a couple’s relationship, while also splitting the property of the couple if they ever decide to divorce. There are a lot of features in this process which makes it critical to obtain an attorney to help lead you through this action so that the individual can understand everything considered in the decision making. Sometimes it is hard to determine these distributions because you must provide evidence to keep your property after the separation. It is the individual’s right after separation to maintain the assets that were invested in during the timeline of the relationship/marriage. We consider all valuable property and assets the individual has either contributed to or brought into the relationship, our team works hard to ensure our clients are left satisfied in parting separate ways with their valuables.
Community Property
Community Property in a divorce is property that both parties in a marriage each have a right to their assets bought in the duration the marriage and is generally divided evenly amongst the parties during dissolution.
Separate Property
Separate Property in a divorce is property that was either given/inherited to one of the individuals in the marriage or that was obtained before the marriage.