Most couples believe it is easier for those with wealth to get a satisfactory divorce settlement. That said, the only easy thing about high-asset divorces is that you can afford the costs of going your separate ways. Splitting up luxury items like vacation homes,...
A home is an asset. That is the bottom line to keep in mind when divorcing. Despite any emotional attachment you and your spouse may have to it, it is still just an asset. So losing it in the divorce is not the massive deal that some people think, provided you receive...
California is what’s known as a “community property” state, so married couples share and share alike when it comes to any assets and debts they may have. It also means that when a couple divorces, those assets and debts are governed by the same principles – and...
If there is one thing that you can rely on when you’re married to someone working in information technology, it’s that they understand digital assets. They may have NFTs, be using apps to buy stocks or have cryptocurrencies in their digital wallets. Sometimes, people...
If you're going through a divorce, you certainly still have to spend money to meet your basic needs. You need to buy food, pay the rent, pay off credit cards and much more. All of this is fine. What you want to avoid, however, is excessive spending that is out of the...
Keep, split or sell. That is what it often comes down to determining what to do with valuable collections when affluent couples divorce. There may be disputes and tugs of war over these assets, but resolution is necessary as to who gets the fine art, priceless wine...
Couples can get divorced in California for many different reasons, but adultery is still one of the top issues that end marriages. When one spouse is sexually unfaithful to the other, the spouses may go to therapy to work things out, or the relationship may end as...
Your spouse has a lot of student loan debt -- more than $100,000 -- and has been in school during your marriage. Perhaps you got married as an undergrad or maybe your spouse graduated and then went back to school after your wedding. Either way, you’ve known about that...
Permanent alimony isn’t as common as it once was. In previous generations, it was typically ordered to be paid by men to their wives who didn’t work outside the house once they got married and therefore would have a difficult time obtaining a job that would support...
What happens to everything you own when you divorce? It depends on which state you live in. California is a community property state. Most things you acquired while married belong to both of you, and you need to split them in a divorce. Specific things count as...