Marital Property Division

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The particular division of property from The Law Office of Joyce Holcomb is really a judicial division regarding property rights as well as obligations between couples during divorce. It can be done by agreement, through a property settlement, or by judicial decree.

A property division is not necessarily a physical division of property. What happens during a property division is the court will award each spouse a piece of the total value of the property and possessions that have been accumulated since not only the marriage began but also as far back as when the relationship began. This is often a very traumatic experience, which is why it is important that the division of property is sorted as soon as possible so that all the parties included can move on with their lives.

Law Office of Joyce Holcomb divide property under one of two basic schemes, which are community property or equitable distribution. With community property division, all the property of a married couple is classified as community property but With equitable distribution however all of the assets and earnings that are available during marriage are divided in a fair manner but this may not necessarily mean equally. Depending on the state that you live in depends on what type of property division you will be facing. The law of property division in San Bernardino, in Joyce Holcomb firm includes all property, ie inheritances, gifts, and property owned by one of you before the relationship began.

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