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If your spouse does not receive the property to which he or she is entitled because of your violation of the terms of the property settlement agreement, you could face serious penalties and legal action can be taken against you.
You may have property confiscated from you and returned to your spouse. You may be ordered to pay significant fines. If you try to hide assets from your spouse, you could be ordered to give your spouse 100% of that undisclosed asset due to your actions. If you intentionally undervalue or overvalue a particular asset, you could be penalized.
If you fail to execute the appropriate paperwork so that your spouse can obtain his or her awarded asset, you could be ordered to pay fines and costs for your behavior. You could also face criminal charges arising from any of these violations of your property settlement agreement.
Property settlement agreements are a common part of marriage and divorce proceedings. They function to legally divide assets between two spouses and deal with important issues such as spousal support and issues regarding children. The laws in California, a community property state, are intricate, detailed, and require a person with a vast deal of knowledge and experience in the area of family law to navigate them in the drafting of a property settlement agreement.
Property settlement agreements are legally binding and you face serious legal ramifications if you withhold information or violate the agreement. The attorneys at Cage & Miles, LLP have the knowledge and experience necessary to ensure that your property settlement agreement protects your rights and will be accepted in a court of law.
Get help with your property settlement agreement. Contact Cage & Miles to meet with a Client Intake Specialist today.

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