If you or your spouse incurred debt before or during your marriage, you might not know what happens with that debt after you divorce. It can be a complex issue in California, but knowing what to expect may make things easier. What should you know about dividing...
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Property Division
How to look for and find hidden cryptocurrency
When you're going through a divorce in California, there can be a lot on the line. A divorcing couple might worry about dividing property, stocks and other important items. There's also a relatively new type of asset called cryptocurrency. Considering the newness of...
Options for handling the family house in a divorce
With divorce often being such a difficult period, there's usually controversy about who gets to keep the house. To most spouses in California, the marital home is a valuable asset. Thus, while they might benefit financially from selling the home, the process is often...
What happens to your retirement accounts during your divorce?
If you are contemplating ending your marriage, you may already know you must divide the marital estate. Because California follows a community property approach, you and your soon-to-be ex-spouse are likely to end up with a roughly equal share of everything you own....
How is community property divided in California?
Divorcing spouses in California own one-half of all property from their marriage, under the community property model. In a divorce, the California court calculates the value of the marital estate, and subsequently each person receives his or her equal share of the...
Business ownership and divorce settlement
California business owners who are going through a divorce may face a variety of issues as it relates to creating a settlement. In some cases, the owner's spouse may attempt to get a share of future profits as well as base alimony demands on the value of the company....
Advantages of refinancing a home as part of divorce
Dividing a house is one task couples in California might have to do if they are getting a divorce. Refinancing can protect the spouse that is not keeping the home. Often, if a person does not refinance, he or she will stay on the mortgage and be considered equally...
Tax changes after a divorce
When California couples get a divorce, their taxes will change including a shift from filing as married to filing as single or head of household. If the divorce happened at any time during the year including the last day of the year, then they are no longer considered...
What to consider when trying to retain the marital home
California residents who are in the process of getting a divorce are likely considering their future living arrangements. In many cases, one or both spouses want to retain ownership of the matrimonial home. Spouses who want to keep the mortgage and marital home might...
Divorce court lacks authority over bankruptcy
California residents who are concerned about how bankruptcy may affect their divorce settlement may be interested to learn of a March bankruptcy court ruling. According to a federal bankruptcy judge, a divorce court does not have the authority to determine which...