Divorcing as a business owner in California can bring an entirely unique set of complications. California community property law requires that marital property be equally divided in a divorce. But if you own a business, you may worry that dividing the business with...
Property Division
Divorce, the family home and finances
For many married couples, the family home is the single most valuable asset they own. If they decide to divorce, this asset must be divided along with the rest of their community property. But in many ways, a home is unlike other types of property, and so division of...
Is student debt divided in divorce?
Divorce proceedings in California entail a legal labyrinth, especially when it comes to dividing assets and debts. Student debt, a prevalent financial burden here and throughout the country, is no exception to this legal complexity. But, is student debt divided during...
What will happen to the family home in a divorce?
A married couple’s family home, like other property, is subject to California’s community property laws. In practice, this means that in most divorce cases, each spouse will be entitled to half the equity in their home, assuming they acquired the home together. What...
The real costs of divorce
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....
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...