“What Are ‘Watts’ Claims?”
Watts claims, sometimes called Watts charges, are charges which one party to a divorce claims should be counted against the community property share of the other party at the time of dissolution. They involve the use of a community asset by one party only, such as a car or a house. The claim is based on the fact that only one party is getting the use of the asset during the divorce process.
There are two things to keep in mind with these credits. First, if there is a cost associated with the asset—a mortgage payment or car payment or other payment—the party who has the asset is generally responsible for making that payment, which removes any Watts claim. Also, the courts usually and customarily require a party who wants to receive a Watts claim to notify the other party in writing of that intent so that the party who has the asset can decide whether or not they want maintain sole possession and use. Watts claims generally only start after the issuance of such a notice.
DISCLAIMER: All legal principles quoted are valid as of the date of writing in the State of California. However, you should NEVER base your actions on a legal article, blog, or internet story, as facts in real life are complicated. You should have your case evaluated by an attorney experienced in the area of law needed for your case. In addition, there are often exceptions and potential changes to results that occur due to facts that you may think are trivial or unimportant. This article should not be taken in any way as legal advice on your specific legal matter.
NOTICE: This blog and all materials on our website constitute advertisement materials, and the promulgation of such materials is meant of the residents of the State of California only. The attorneys and this firm to not practice law in any other state. In addition, the promulgation of these articles does not in any way create an attorney-client relationship and any inquiries and information you may send to the attorneys should be general and not specific, as it is not confidential.
“What Are ‘Watts’ Claims?”
Watts claims, sometimes called Watts charges, are charges which one party to a divorce claims should be counted against the community property share of the other party at the time of dissolution. They involve the use of a community asset by one party only, such as a car or a house. The claim is based on the fact that only one party is getting the use of the asset during the divorce process.
There are two things to keep in mind with these credits. First, if there is a cost associated with the asset—a mortgage payment or car payment or other payment—the party who has the asset is generally responsible for making that payment, which removes any Watts claim. Also, the courts usually and customarily require a party who wants to receive a Watts claim to notify the other party in writing of that intent so that the party who has the asset can decide whether or not they want maintain sole possession and use. Watts claims generally only start after the issuance of such a notice.
DISCLAIMER: All legal principles quoted are valid as of the date of writing in the State of California. However, you should NEVER base your actions on a legal article, blog, or internet story, as facts in real life are complicated. You should have your case evaluated by an attorney experienced in the area of law needed for your case. In addition, there are often exceptions and potential changes to results that occur due to facts that you may think are trivial or unimportant. This article should not be taken in any way as legal advice on your specific legal matter.
NOTICE: This blog and all materials on our website constitute advertisement materials, and the promulgation of such materials is meant of the residents of the State of California only. The attorneys and this firm to not practice law in any other state. In addition, the promulgation of these articles does not in any way create an attorney-client relationship and any inquiries and information you may send to the attorneys should be general and not specific, as it is not confidential.
“What Are ‘Watts’ Claims?”
Watts claims, sometimes called Watts charges, are charges which one party to a divorce claims should be counted against the community property share of the other party at the time of dissolution. They involve the use of a community asset by one party only, such as a car or a house. The claim is based on the fact that only one party is getting the use of the asset during the divorce process.
There are two things to keep in mind with these credits. First, if there is a cost associated with the asset—a mortgage payment or car payment or other payment—the party who has the asset is generally responsible for making that payment, which removes any Watts claim. Also, the courts usually and customarily require a party who wants to receive a Watts claim to notify the other party in writing of that intent so that the party who has the asset can decide whether or not they want maintain sole possession and use. Watts claims generally only start after the issuance of such a notice.
DISCLAIMER: All legal principles quoted are valid as of the date of writing in the State of California. However, you should NEVER base your actions on a legal article, blog, or internet story, as facts in real life are complicated. You should have your case evaluated by an attorney experienced in the area of law needed for your case. In addition, there are often exceptions and potential changes to results that occur due to facts that you may think are trivial or unimportant. This article should not be taken in any way as legal advice on your specific legal matter.
NOTICE: This blog and all materials on our website constitute advertisement materials, and the promulgation of such materials is meant of the residents of the State of California only. The attorneys and this firm to not practice law in any other state. In addition, the promulgation of these articles does not in any way create an attorney-client relationship and any inquiries and information you may send to the attorneys should be general and not specific, as it is not confidential.