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...
Division Of Assets
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...
Watch out for domestic asset protection trusts when you divorce
Do you know what a domestic asset protection trust is? If you don't and your spouse does, you could face problems when you go to divorce. While California does not recognize these trusts, residents of the state may set one up in another state to prevent their spouse...
Reasons why you should consider mediation for your divorce
The process of divorce and child custody is challenging for any couple to go through. Especially when assets and children are involved, it is crucial to understand the process and what is coming if you divorce your spouse through the traditional court system....
Addressing high-value luxury items in your divorce
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,...
What should you do with the house in a divorce?
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...