The community property laws in California require family law judges to divide marital assets equally even if the couple involved have only been married for a short time or come from very different economic backgrounds. This is one of the reasons that prenuptial...
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High Asset Divorce
Divorced women over 50 are more likely to fall into poverty
A woman over 50 who is considering a divorce in California may want to think about the effect the separation could have on retirement. A study produced by two economists found a relationship between the age that a woman divorces and the chances that she will still be...
Finance and divorce
Although divorce rates have fallen over time, the California court system continues to deal with a substantial number of divorces each year. The average length of a marriage that is ended by divorce is eight years, and approximately two of every five first marriages...
Asset division for baby boomers getting divorced
An increasing number of older couples are seeing their marriages come to an end. The trend appears to be ongoing and is not expected to decline anytime soon. California couples who have been married for years may need to think about their ability to retire when they...
Social Security benefits should not be overlooked during divorce
Couples in California who are considering divorce may want to think about their Social Security benefits. If a marriage lasts for at least 10 years, then an ex-spouse could, with a few exceptions, claim ex-spouse Social Security benefits upon reaching retirement age....
Divorce rate for older adults on the rise
Young California couples who marry may be less likely to divorce than their older counterparts, but experts say it is still too soon to tell. Baby boomers have kept the divorce rate high. In fact, people over 65 are now getting divorced at three times the rate they...
4 Tips for avoiding publicity during a divorce
The very public divorces of celebrities are popular material for gossip websites and magazines. But they are still very real and emotionally complicated events for those involved. Known in the legal world as "high asset divorces," these situations can easily...
What to know about the divorce process
The end of a marriage can be a source of both emotional and financial stress for many California couples. One of the first steps to take is filling out an asset inventory sheet. This will help each side get a full picture of what assets the couple has and how much...
What you should know if your divorce ends up going to court
At our firm, we have a lot of people who come to us looking for assistance with their divorce. While the great majority of these cases are resolved prior to trial, there are instances where it is necessary to head inside the courtroom. In situations where a trial or...
Deciding to file federal tax returns jointly or separately
A California couple considering divorce might find that filing federal taxes jointly is easier, but this is one situation in which separate filing may be warranted. Married couples, including same-sex couples, may file jointly or separately. Married parties cannot...