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...
Division Of Assets
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...
Types of marital property people fail to disclose in divorce
Divorce can be a stressful and complicated process, especially when it comes to dividing marital property under California community property law. Both parties must disclose their financial assets to ensure a fair settlement, but some people try to circumvent property...
Do you have to divide your inheritance during divorce?
For years, you felt like you were trapped in your marriage. The problem was strictly financial. You knew that you did not earn enough money to make ends meet on your own. Only by having two incomes could you provide for yourself, so you didn’t feel that you had any...
Establishing home value is an important step during a divorce
Divorcing in California means that a married couple needs to address multiple practical considerations. If they have children, they will need to make arrangements for sharing parenting time. They will also need to find a way to divide their assets. Couples tend to...
What will happen to your retirement accounts if you divorce?
When you get married, you and your spouse begin planning for your future, including your retirement. But what happens when your retirement plans no longer include each other? What happens to the money the two of you put aside for retirement? What if only one of you...
Should you sign a prenuptial agreement?
The wedding planning process is often characterized by joy and optimism. After all, you’ve finally met “The One” and you can’t wait to spend the rest of your life with them. The truth is, however, that not all marriages last a lifetime. A prenuptial agreement is a...
Beware of marital assets dissipation during divorce
Dissipation of marital property occurs when one spouse improperly or wastefully uses marital assets during the marriage dissolution process. This can involve excessive spending, transferring assets to third parties or purposefully depleting funds in anticipation of a...
3 important steps for dividing real property during divorce
Couples in California often own a primary residence. However, many couples also own vacation homes or investment properties intended to generate household income that must be addressed when they divorce. Regardless of what type of property spouses are compelled to...
What will happen to your rental properties in a divorce?
Divorcing is tough. It may be a legal process but it’s also one that’s full of emotion and is personal to everyone involved. When it comes to dividing up your things, it can turn into a battle when you can’t agree. When you’ve accrued a number of rental properties...