Difference Between Separate Property and Community Property

What is the Difference Between Separate Property and Community Property

Pierre Domercq Divorce

What is the difference between separate property and community property in a North County or Carlsbad divorce? Why does the distinction between separate property and community property matter? The short answer is found in the division of the property during a divorce. Community property is generally divided fairly equally between the parties under California law. Separate property is not subject …

Dividing a Professional Practice or Business Related Community Asset

Dividing a Professional Practice or Business Related Community Asset

Pierre Domercq Professional Practice & Business Ownership

If you are a business owner or you a divorcing a business professional or owner of a company there will be many questions about dividing a professional practice or business related community asset in a North County or Carlsbad divorce.  If the business was purchased during the course of the marriage, or marital assets were used to support the business …

Calculating Goodwill in the Valuation of a Business

Calculating Goodwill in the Valuation of a Business During a Carlsbad Divorce

Pierre Domercq Professional Practice & Business Ownership

Calculating Goodwill in the valuation of a business during a Carlsbad divorce is legally and financially quite complex.  Why is the valuation of a business and the associated Goodwill such an important topic in a divorce which involves business or professional practice? The ownership of a business or professional practice is one of the most complex issues you can face …

Establishing the Valuation of a Business in a North County Divorce

Establishing the Valuation of a Business in a North County Divorce

Pierre Domercq Professional Practice & Business Ownership

What is the process for establishing the valuation of a business in a North County divorce? How will a business ownership or an interest in a professional practice be handled in the divorce? These questions are actually quite legally complex and this is why it is important to be represented by Carlsbad divorce attorneys with decades of experience in cases …

Business Interest Valued in a North County Divorce

How is a Business Interest Valued in a North County Divorce?

Pierre Domercq Professional Practice & Business Ownership

How is a business interest valued in a North County divorce case? How will the professional practice or business interest itself be handled during community property division? How do you preserve Goodwill and the smooth operations of the business during a divorce? If you are considering a divorce in North County or Carlsbad and either of you or the two …

What is Separate Property in a Carlsbad Divorce

What is Separate Property in a Carlsbad Divorce?

Pierre Domercq Community Property Division

What is separate property in a Carlsbad divorce?  How can our experienced attorneys make a difference in your North County divorce case? California is a community property state when it comes to the division of assets and liabilities at the time of a divorce. This means any asset acquired by either of the parties during the course of the marriage …

What is Community Property in a North County Divorce

What is Community Property in a North County Divorce

Pierre Domercq Divorce

What is community property in a North County divorce?  California is known as a “Community Property” state in terms of how marital property is characterized and ultimately divided during a North County or Carlsbad divorce.  In California, the spouses are entitled to equal and undivided interest in all “marital property.”  Community property refers to property you or your spouse obtained …

Valuation of a Business or Professional Practice in a Divorce

The Valuation of a Business or Professional Practice in a Divorce

Pierre Domercq Professional Practice & Business Ownership

The valuation of a business or professional practice in a divorce in North County or Carlsbad is not simply the fair market value of the business, or the price a “willing” seller would pay a “willing” buyer.  It is a complex calculation involving several factors including the fixed and real assets of the business, as well as income and Goodwill. …

Will I Have to Sell My Business Because of Our Divorce

Will I Have to Sell My Business Because of Our Divorce in North County?

Pierre Domercq Professional Practice & Business Ownership

A common concern among business owners is how the business itself or a professional practice will be handled in a divorce. You may wonder “Will I have to sell my business because of our divorce?” Business or professional practice valuation and the division of the community property interest in a Carlsbad, Vista or Carlsbad divorce case are very complex legal …