Division of Property and Debts

Property issues during dissolution can be simple if the spouses have minimal and uncomplicated assets. However, as the number and value of the assets increase, so does the complexity of dividing community property. California law requires that community property – which, generally speaking, is property acquired during marriage – be divided equally. But obtaining a fair and equal division of community property requires far more than simply dividing by two.

To develop an accurate picture of the estate of high net worth individuals, assets will be appraised and valued by experts. Jaffe and Clemens draws from the finest experts in their respective fields to create a team that can appraise businesses, professional practices, real estate, art, jewelry, collectibles, automobiles, aircraft, yachts, intellectual property and other hard-to-value assets. This information is the foundation in making informed decisions regarding the division or sale of assets and determining the tax implications that follow.

Jaffe and Clemens lawyers make every reasonable effort to negotiate a settlement that meets the needs of the client, striving to limit expense and taking care to avoid unwanted media coverage. After all, a mutually satisfactory settlement is almost always preferable to a solution imposed by the court. Even the ablest judge does not have an intimate knowledge of one’s financial and personal situation, which is one of the reasons why Jaffe and Clemens attorneys counsel the firm’s clients to pursue settlement where possible.

Working with our in-house forensic accountant and other top forensic accountants in Southern California, Jaffe and Clemens has the expertise to ensure that all assets are carefully evaluated.

While we strive to craft settlements that are acceptable to both parties, we also recognize that not every case can be settled. Differing views of how to value and divide assets and debts, not to mention emotions that may be running high, sometimes make it impossible to reach a negotiated solution. In those cases, Jaffe and Clemens lawyers are well prepared to advocate for their clients in court. Thorough and thoughtful trial preparation enables the firm’s lawyers to make the most effective and persuasive presentation to the court. The competence, skill and integrity of Jaffe and Clemens lawyers have given Jaffe and Clemens an excellent reputation among family law judges and have earned the firm the respect of the legal community.