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...
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...
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...
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...
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...
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...
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...
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...
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...
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...