On behalf of Law Offices of John A. Guthrie | Apr 23, 2019 | Blog, High Asset Divorce
When people in California get a divorce, each may be entitled to a part of the other’s retirement account. This can have a significant effect on a person’s retirement plans whether it is in a few years or further away. It is important to not become...
On behalf of Law Offices of John A. Guthrie | Nov 28, 2018 | Blog, High Asset Divorce
California couples who are getting a divorce may be aware that starting in 2019, tax laws around alimony are changing because of the Tax Cuts and Jobs Act. For divorce agreements finalized after the end of 2018, alimony will no longer be tax-payable or tax-deductible....
On behalf of Law Offices of John A. Guthrie | Oct 18, 2018 | Blog, High Asset Divorce
No matter how old individuals are when they get a divorce, it can be a process that negatively impacts them financially and emotionally. For California residents who are at least 50 years old, getting a divorce can be extremely difficult, particularly if they have had...
On behalf of Law Offices of John A. Guthrie | Sep 4, 2018 | Blog, High Asset Divorce
According to some experts, amicable divorces are actually more common among Californians with very significant assets. One divorce attorney said that wealthy couples with over $5 million in assets are more likely to achieve amicable settlements. However, upper middle...
On behalf of Law Offices of John A. Guthrie | Aug 29, 2018 | Blog, High Asset Divorce
California couples who are ending their marriages might worry about what their futures might look like. By taking a realistic look at their finances, they might be able to avoid making costly errors during and after their divorces.According to one financial adviser,...
On behalf of Law Offices of John A. Guthrie | Apr 3, 2018 | Blog, High Asset Divorce
Regardless of who earned an income during a marriage, both parties have their own financial interests to tend to if the marriage comes to an end. California residents should look to open their own bank accounts, learn the basics of financial management and close all...
On behalf of Law Offices of John A. Guthrie | Mar 13, 2018 | Blog, High Asset Divorce
A 2016 survey of members of the American Academy of Matrimonial Lawyers found that retirement plans were the second most common topic of conflict in a divorce. In first place was alimony and in third place was business interests. California couples may have to face...
On behalf of Law Offices of John A. Guthrie | Mar 9, 2018 | Blog, High Asset Divorce
California couples planning a trip down the altar might also want to consider making contingency plans to safeguard against a failed marriage. The wisdom of having health and life insurance policies is unquestioned, and taking similar precautions regarding assets...
On behalf of Law Offices of John A. Guthrie | Feb 7, 2018 | Blog, High Asset Divorce
When California couples get a divorce, there are a number of tax considerations they should keep in mind. If the divorce was finalized by the last day of the year, the couple should file their tax returns separately. Couples whose divorce was not yet final, even if...
On behalf of Law Offices of John A. Guthrie | Dec 16, 2017 | Blog, High Asset Divorce
Even though a California couple may divorce, one spouse could still be able to claim Social Security benefits on the other’s earnings. However, the marriage must have lasted for at least 10 years. Also, the ex must have earned significantly more income than the...
