No one goes into a marriage thinking it will end in divorce. However, with the divorce rate remaining around 50%, it is impossible to ignore the possibility of divorce. This process not only ends the union, but it also has the tendency to come with a hefty price tag....
Property Division
Tips for working through property division in your divorce
Although you’ll have to confront the emotional realities of your divorce as you navigate the marriage dissolution process, you’ll also have to walk through the financial decisions that will shape your post-divorce life. You might be able to do this through effective...
Uncovering hidden assets in a divorce
Divorce can be a very difficult and emotional process, especially when it comes to dividing assets that the couple accumulated while they were married. Unfortunately, sometimes a spouse will hide assets from the other spouse, so they are not included in the property...
Choosing a prenuptial agreement in California
Engaged couples have many plans to make. They need to choose where they’ll get married, decide on rings and order a cake. They may also want to add a prenuptial agreement to their list. Prenuptial agreements A prenuptial agreement, also called a prenup, is an...
Property division and the date of separation in a divorce
Property division is a tricky, but essential, part of any divorce. The distinction between community property and separate property for property division purposes can be nuanced, and often hinges on the date of separation. Types of property in a divorce Property can...
How is debt addressed as part of a divorce?
Knowing who will get to keep the marital home, automobiles, bank accounts, retirement accounts, items of sentimental value and more can be prime topics for disputes in any California divorce. Debt can also be a touchy subject. Just as there are laws in place dictating...
Valuing a business in a California divorce
In California’s community property system, spouses hold all property and debt that accrues during the marriage equally. Upon dissolution of the marriage, this community property is split 50/50. The court’s task is to rule on the value of these assets and debts to...
Equalization payments: Ensuring fair asset distribution
California is a community property state. The expectation, then, is that property division upon marital dissolution will be a 50/50 split. Achieving that fair split, though, can be an elusive goal because valuations are so complex. Accurate, reliable valuations are...
Consider a prenup this wedding season
Statistics show many couples are getting married and remarrying later in life, which lead to more serious financial consequences should the marriage end in divorce. Fortunately, statistics also show more Americans are signing premarital or prenuptial agreements to...
Using a real property appraiser in a California divorce
Dividing assets in a California divorce is never an easy or pleasant process. This statement is especially true for high-asset couples who own a large residence in a prosperous neighborhood. If the couple has lived in the home for a substantial period—say, two...