Are assets always split 50 50?

Because California law views both spouses as one party rather than two, marital assets and debts are split 50/50 between the couple, unless they can agree on another arrangement.

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Besides, why do wives get half in a divorce?

During your marriage, you probably made financial decisions based on your combined income‚Äďand so did your wife. As a result, when the time comes to divorce, the two of you must divide your assets and shared debts equitably.

Beside above, can you divorce without splitting assets? There are no rigid rules dealing with the division of assets on divorce and the law has to be flexible to apply to each case. The Court has a wide discretion. There will not necessarily be a 50/50 split of the assets in every case and an equal division of assets may be appropriate in some cases but not others.

Correspondingly, how is house divided in divorce?

There are three main ways to handle the home: Sell the house and split the proceeds. One ex-spouse keeps the home and refinances the mortgage to remove the other from the loan. Both former spouses keep the house temporarily.

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