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,...
Comprehensive Solutions to Difficult Family Law Issues
High Asset Divorce
Protecting assets during a split
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...
Splitting retirement accounts while avoiding taxes, penalties
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...
Divorce planning can preserve financial futures
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...
Tax implications of a 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...
Claiming Social Security spousal benefits
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 spouse...
The potential pitfalls of divorcing after 50
Older couples throughout California and the rest of the U.S. are increasingly choosing to split, even as overall divorce rates have been decreasing. It is important for people who are older to understand the potential pitfalls that can come with a "grey divorce."...
Preparing finances for a divorce
California residents that are getting a divorce should be aware of the negative impact the process can have on their finances. However, there are some things individuals can do to protect themselves and mitigate the financial effects of divorce.Having financial...
Dividing retirement accounts without legal help can be difficult
When married couples in California decide to get a divorce, they often forgo hiring an attorney in order to save money. While some assets may be easy to divide without any legal assistance, splitting retirement accounts, especially pensions, can be very tricky....
Have you considered a prenuptial agreement?
The perception of prenuptial agreements is that these are insidious documents that few married couples -- or, more accurately, soon to be married couples -- should even consider. Prenups have a stubborn stigma attached to them. Namely, that they hurt your marriage...