Filing a Property Declaration in California

If you are the owner of a particular piece of property, then you may want to file a property declaration with the court in order to secure that item as yours in the event of a divorce. On a property declaration form, couples have the right to differentiate items that are solely theirs from items that have always been shared. You can also list the value of each asset and propose any divisions that you see fit between you and your spouse to the court. Filing one of these forms may save a lot of confusion and complications.

A Los Angeles family lawyer will most likely want to help you with this process. That way, you won’t make a damaging mistake that will cost you some of the property that you hold dear. With your attorney’s help, you should access the California Court’s divorce form website if you want more information. You will need to download two copies of the property declaration form which is labeled FL_160 and the form’s guide. With your attorney there to guide you, you will want to start filling out the forms. There is one for communal assets and another for individual assets.

You will want to calculate the value and debt of reach property that you have listed and subtract the debt from the gross value to get a property’s net value. An attorney can help you to gather estimates on properties and determine the net value of the items in question. After this, you will want to file both property declaration forms at your county court. This is the court where the rest of the divorce proceedings will take place. If you have a particular piece of property that you want to fight for during your divorce, an attorney at Claery & Green can help. These hardworking lawyers are able to handle a variety of property division matters so call them today for aid!