In California, any business created during the marriage will be considered community property. This means that when assets are divided during the divorce process, the other spouse is legally entitled to half of the value of the business. How spouses treat the business could impact their support obligations and their […]
In many California divorces, pensions and other retirement accounts are often the highest-value assets, including IRAs and 401ks. The funds in these valuable accounts quickly become a primary target when assets are divided in a divorce proceeding. Pensions and retirement accounts are similar to other types of assets as they […]
In a California divorce, preliminary financial disclosure is a list of marital assets and debts from each spouse to the other before the divorce proceedings get started in a family law court. Spouses must provide an accurate list of all their assets and debts to make settlement negotiation easier […]
When you have decided to get a divorce, then many agreements with your spouse will need to be made in the coming months. The critical issues include child support, child custody, spousal support, and property division. However, the most crucial decisions involve what is in the best interest of […]
We are sometimes asked if an end-of-the-year work bonus is considered income and must be shared with my spouse in a California divorce? In other words, will a bonus be considered income to determine support obligations? It’s pretty common for divorcing couples to deal with fluctuating income or work bonuses […]
If there is a dispute over which parent should have physical custody of the children, the California family court could appoint an investigator from Family Court Services to the case. Their responsibility is to conduct a child custody investigation similar to a “730 custody evaluations” defined under California Evidence […]
When couples decide to get a divorce, one of the common challenges is determining precisely what assets belong to one of both spouses, including investments. Most people know that California is a community property state meaning that any property or assets acquired during the marriage will be divided equally because […]
When couples decide it’s time to divorce in California, their marital home is usually the most crucial asset to distribute in the divorce settlement. Frequently, spouses ask us if they can remain living in the house, keep ownership, or have to sell it? Since the issue of selling or keeping […]
Most couples have life-long expectations when they get married, but statistically, about 50% of all marriages in the United States end in divorce or separation. Going through the divorce process is usually tricky, regardless of how peaceful the break-up seems on the surface. At the same time, there are many […]
If you have made the difficult decision to get a divorce, your goal is most likely to settle out of court and move on quickly with your life. Having to litigate your California divorce in a family court is usually very stressful and not always in the best interest […]
