How Are Marital Assets Divided In A Divorce? – Attorneybernie.com

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Transcript:

00:00:05 in California it’s 50/50 now again it doesn’t mean to say that we have to divide everything in half you can take one asset and the other party can take another asset create some kind of difficulties though because things such as pensions and things such as uh restricted stock units that don’t vest until after the data separation between the parties there are formula that apply to how those are divided the other big issue is who’s going to stay in the marital residence if neither person can buy the other one out the court will

00:00:40 just order it sold if both want to keep the house the Court’s not going to make a decision on that they’re just going to order the house sold the best way to deal with this is to sit around a table and once you know the value of all the assets come up with a plan and then once you have an agreement on that plan you can write it up you can go to file it with the court have the judge sign off on it you can even get a private judge to sign off on it quicker um rather than go to court and have a judge just order

00:01:07 things sold when you could have come up with a better plan between yourselves