A construction business or contracting firm can provide a family with income. While one spouse may do the contracting or construction work, the other may handle administrative matters, such as bookkeeping and managing the company's project schedule. If spouses decide...
California community property rules give both spouses an interest in property acquired during their marriage. They also make both spouses responsible for marital debts. In some cases, the most valuable property spouses own together may also relate to the most...
If you receive equity as part of your compensation, you may wonder what happens to it during a divorce. Restricted stock units (RSUs), stock options and startup shares can represent a large part of your net worth. In California, courts do not ignore these assets...
Owning a luxury vehicle adds style and comfort to your life. But during a divorce, it can also make things more complicated. California counts assets acquired during marriage as jointly owned under community property rules, including luxury vehicles that have money...
Navigating a high-asset divorce can be a complex process. What happens when, amid complying with all the legal requirements, you begin to suspect your spouse is intentionally hiding or mismanaging your shared fortune? Understanding state laws regarding fiduciary...
You created something significant. It could be a patent, a novel, an app or a design. Now you’re facing divorce in California, a state that treats intellectual property (IP) like any other asset you and your spouse may divide. You deserve clarity on how the law treats...
When couples have considerable wealth, divorce can become more than a legal separation. It sometimes evolves into a financial reckoning. Dividing high-value assets like yachts, designer collections and vacation homes can be emotionally and legally complex. If you're...
Memories of vacations at the condo create emotional ties to the property. The financial investment in one of these properties is also considerable. Whether it’s a condo near a ski resort, the beach or somewhere else, it can easily become one of the most challenging...
If you give someone an unconditional gift, it unequivocally becomes their property. If they then take this property into a marriage, it is still a separate asset because they owned it before the marriage. If the couple then gets divorced, that person can keep their...
If you and your spouse are getting divorced and you own a home, then you’ll need to determine what to do with it if the state considers to be community property rather than separate property. A number of things make the family home a bit more complicated than most...