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 […]
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 […]
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 […]
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 […]
One of the primary factors considered when someone has made the decision to get a divorce revolves around financial security, which includes the crucial issues of child support, spousal support (alimony), division of property, assets, and debts. Getting a divorce in California is typically expensive and can take many months […]
When a spouse is going through a divorce, they often not only worry about the impact on their children, but also a closely related issue of their financial situation. Much of the stress is a fear of not knowing what will happen once the divorce is final. A focus on […]
Getting a divorce is typically an overwhelming life event, but deciding whether to file bankruptcy makes a difficult situation worse. There are many things you need to consider before pursuing debt relief. Unfortunately, filing for a bankruptcy after a divorce is not uncommon because one income can’t sustain two […]
Getting a divorce is not only expensive in the short-term, but it can also have a long-term financial impact if you don’t make any financial preparations. In other words, you should focus on planning in an effort to keep your life on track as much as possible.
A California divorce […]
A divorce will typically impact your finances in a many different ways. While some of negative impacts can be minimized or avoided by strategic planning during the divorce process, it’s common for divorced spouses to face a much more substantial financial strain than anticipated. Getting a divorce is an expensive […]
