Divorce Equity Division Guidance

Summary

In California, community property laws generally require equal division of assets acquired during marriage. If your divorce decree specifies a 50/50 equity split but lacks specific instructions, negotiation or mediation with your ex-spouse may be necessary. Consulting a lawyer can provide clarity on proceeding with the division.

Full Conversation

Yes I got divorced about 5 years ago officially. The divorce decree states that my ex husband get at the equity of the home we bought- under my credit as my sole and separate property as a married woman because of his poor credit. I have continued living the home and paying all costs associated with home/ the mortgage is and has always only been in my name. I pay upkeep and taxes.
It seems like a complex situation regarding property division after divorce. To better assist you, could you clarify if the divorce decree specifies how the equity should be divided or if there are any conditions attached to it?
*/* this is in california
It sounds like your divorce decree specifies a */* split of the equity in your home. Here are a few points to consider regarding property division in California:
- Community property laws generally apply, meaning assets acquired during marriage are typically split equally.
- If the decree specified a */* split, it should detail how the equity is calculated.
- Each party's contributions and agreements can also affect the division.
Would you like more information on how to proceed with this equity division?
It would be half the quirky if the date of the decree no
Case Rating: *
It seems like there's confusion regarding the date of the divorce decree and its impact on the equity division. In California, the date of the decree can affect how assets are valued and divided. You may want to review the decree for any specific instructions about the equity division date. Would you like more detailed guidance on this matter?
There are no instructions in tbe decree
Case Rating: *
Hi ****! It seems like your divorce decree lacks specific instructions on the division of equity in your home. Here are some general points to consider:
- The absence of specific instructions may require negotiation or mediation with your ex-spouse.
- Consulting a lawyer could help clarify how to proceed with the division.
If you need more personalized legal assistance, let me know!