• Skip to main content
  • Skip to primary sidebar
Divorce Lawyer Rancho Cucamonga | Divorce Attorney

Divorce Lawyer Rancho Cucamonga | Divorce Attorney

(909) 922-2543

  • Home
  • Practice Areas
    • Divorce
    • Family Law
      • Divorce
      • Contested Divorce
      • Uncontested Divorce
      • Collaborative Divorce
      • Marriage Annulment
      • Legal Separation
      • High Net Worth Divorce
      • Mediation
      • Modifications of Court Orders
      • Relocations
      • Spouses
      • Alimony & Spousal Support
      • Domestic Partnerships
      • Prenuptial & Postnuptial Agreements
      • Restraining Orders
      • Children
      • Child Custody
      • Child Support
      • Visitation Rights
      • Paternity
      • Assets
      • Property Division
      • QDRO
    • Estate Planning
      • Elder Law
      • Conservatorship
    • Probate
  • Divorce
  • Family Law
  • Estate Planning
  • Probate
  • Reviews & Testimonials
  • Contact
  • About
    • Blog

Dividing Community Property

August 22, 2010 by Matthew Sheasby   1 Comment   Filed Under: Uncategorized

Accounting 101

Division of community property is easy, unless of course it isn’t, and then you need to have others involved: Attorneys, accountants, mediators – But that, of course, is what we are trying to avoid.

The simplest form of division keeps a balance sheet. Each person gets an asset or a debt and that value is assigned to their column. A positive value is added to their total. A negative value is subtracted. When everything is assigned to each party, you add up the totals for each person. The idea is that each party will walk away with an equal amount of community property. In order to accomplish this, the person with more in their side of the column pays the other person until the two columns are equal.

This is the mathematical approach, but this is often not the most advisable when trying to talk about make decisions about money in a negotiation with your spouse. This mathematical analysis is something that you need to do before you have this discussion in order to understand where you are going and what you are willing to give up on. You need to know the numbers in order to make an informed and intelligent decision.

The best way to have a discussion with the other side is likely not to go through the hard numbers. If they are not prepared, this can only terrify them. It is best to discuss generalities. Who gets the car and the house. Furniture and furnishing. “You should take the visa. I’ll take the discover.” “My IRA is about the same as yours. We can each keep our own.”

Once you get the large details worked out, you can work down to more finite details. That way there is gradual realization of the mathematical realities.

Reader Interactions

Comments

  1. George A. says

    March 20, 2019 at 10:29 pm

    It is so much easier when the parties agree. So often we see one party take what everyone knows is personally significant to the other party out of spite. What would he want with her softball trophies. When petty stuff like that starts, I am looking forward to the final day of court.

Primary Sidebar

Sidebar Menu

Family Law
Divorce
Contested Divorce
Uncontested Divorce
Collaborative Divorce
Marriage Annulment
Legal Separation
High Net Worth Divorce
Mediation
Modifications of Court Orders
Relocations
Spouses
Alimony & Spousal Support
Domestic Partnerships
Prenuptial & Postnuptial Agreements
Restraining Orders
Children
Child Custody
Child Support
Visitation Rights
Paternity
Assets
Property Division
QDRO
Estate Planning
Elder Law
Conservatorship
Probate

MATTHEW SHEASBY

Divorce Attorney

9227 Haven Ave Suite 280
Rancho Cucamonga, CA 91730

Office Hours
Monday – Thursday 8:00 AM – 5:00 PM
Friday 8:00 AM – 12:00 PM

(909) 922-2543

Navigation

  • Home
  • Practice Areas
    • Divorce
    • Family Law
      • Divorce
      • Contested Divorce
      • Uncontested Divorce
      • Collaborative Divorce
      • Marriage Annulment
      • Legal Separation
      • High Net Worth Divorce
      • Mediation
      • Modifications of Court Orders
      • Relocations
      • Spouses
      • Alimony & Spousal Support
      • Domestic Partnerships
      • Prenuptial & Postnuptial Agreements
      • Restraining Orders
      • Children
      • Child Custody
      • Child Support
      • Visitation Rights
      • Paternity
      • Assets
      • Property Division
      • QDRO
    • Estate Planning
      • Elder Law
      • Conservatorship
    • Probate
  • Divorce
  • Family Law
  • Estate Planning
  • Probate
  • Reviews & Testimonials
  • Contact
  • About
    • Blog

Serving

Serving the greater Rancho Cucamonga area and Southern California.

The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship

Privacy Policy

© Copyright 2022 Matthew Sheasby, Divorce Attorney.

  • Facebook
  • Instagram
  • Pinterest
  • Twitter
  • YouTube