Couples who have already been married for a long time may discover their lives are closely intertwined. This could involve a large quantity of real estate and financial assets held in common. When two partners decide to split up, they must cut the threads and figure out how to divide everything between them. In certain places, things are split equally. In a few cases, the statute permits property allocation to reflect the spouses' situation, resources, and requirements equally.

Couples who have been together and married for a long period may collectively own almost all of their property. This comprises financial resources, debt, and possessions. Some couples who have not been married for very long nonetheless find their financial lives deeply interwoven, even if each of them still has most of their individual "single life" property. But couples who own everything in common may not be on equal footing if they split.

Dividing all of a couples' property 50/50 may be fair if they have equal needs and equal earning potential, but in practice, that is rarely the case. For instance, one spouse may have several medical problems and much less income than the other spouse. In such a situation, the spouse with medical needs and less income would likely require a greater portion of their shared property and assets for the
divorce to be considered fair.

Remember that not every jurisdiction has the same laws. Moreover, because no two divorce cases are ever identical, judges have a lot of freedom in deciding what counts as fair from case to case. By working with an experienced Property Division Lawyer, you and your spouse can create a plan for your divorce that will hopefully satisfy both of your wants and needs.

Family law disputes can be distressing & daunting. However, before taking on divorce, order modification, child custody, or all other important legal matters, it would be smart & helpful to get the best legal advice. Contact the office of Fizer Law, the finest Property Division Lawyer in Long Beach, at 1~562~270~9944.