When one spouse uses a community asset–such as a house–after the parties have filed for divorce but before a judgment has been entered, that spouse is charged with the use of a community asset. If he or she is the exclusive user of the asset, he or she may be required to compensate the community for the use of the asset. This is known as a Watts charge. When one spouse uses post-separation separate property to pay a community debt, that spouse is reimbursed for paying the community debt. It is known as an Epstein credit. Watts charges are basically usage charges and Epstein credits are in essence payment credits.
If you need a divorce lawyer in the Orange County area to discuss a family law matter such as reimbursement for the use of a community asset or any other dissolution issue such as child support, spousal support, custody, transmutation or property division, contact Treviño Law, Inc. Conveniently located off of the 5 and 405 freeway at Lake Forest.
Although the posting of this information can be considered free legal advice for an Orange County divorce, it does not guarantee a result. There may be other circumstances that play a significant role in any dissolution which may alter the outcome of a divorce. A divorce lawyer will be knowledgeable about the significance of facts. Those factors should be reviewed and argued by a family law attorney in Orange County.
This is a legal advertisement for Treviño Law,Inc, an Orange County family law firm.Please note that this legal advice does not establish a family law attorney-client relationship.