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...
Division Of Assets
Why does it matter that a ring is a conditional gift?
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...
How to split the home in a divorce
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...
Could your spouse be hiding assets?
Divorce is often complex, both legally and emotionally. However, the process can be made more difficult by hidden assets. Some divorcing spouses will attempt to decrease their soon-to-be ex’s share of assets by hiding them. It goes against the principles of community...
What can you do about commingled assets in a divorce?
Commingled assets present one of the most complicated aspects of property division in a divorce. These assets, which are a blend of separate and community property, can blur ownership and create confusion during the division process. For instance, if one spouse had a...
Minimizing 401(k) losses during a California divorce
Funding a 401(k) can be a smart decision for a successful professional. The resources set aside in a tax-deferred retirement savings account can help augment pensions and Social Security retirement benefits. The use of a 401(k) can also help limit tax liability...
Dissipating vs. hiding marital assets
Marital assets can get complicated during a divorce. Couples are supposed to split up the things that they own together. These could include tangible assets like a house and financial assets like a bank account. There are two different ways in which people will...
Divorce and financial transparency: Uncovering hidden assets
As much as financial openness is required during divorce, it is not guaranteed. You should not sit back and assume your spouse will be financially transparent and the divorce settlement will be fair. They may attempt to hide assets for various reasons. It could be due...
What happens to a yacht in a divorce?
The division of assets is a complex and often contentious process in situations involving numerous high-value assets. For example, yachts, which are symbols of wealth and luxury, can hold significant financial and emotional value. As such, they may become points of...
3 concerns about a primary residence that can complicate divorce
Divorcing couples in California have a lot of issues to address before their unions can be formally dissolved. If they have minor children, they must negotiate custody arrangements. If one spouse stayed home to take care of the family, there could be support issues as...