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....
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Property Division
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...
When a third-party trust is considered shared property
Since California is a community property state, most assets acquired during marriage are considered marital property to be divided in the case of a divorce. However, there are a few exceptions to this rule, including inheritances. To maintain an inheritance as...
Developing a housing budget after divorce
Emotional issues often drive people's decision to end a marriage, but the divorce process entails many important financial considerations. Once a couple splits, each party must establish a new household with a single income, which could be difficult in many housing...
Claiming Social Security benefits from spouse’s earnings
Individuals in California whose spouses have paid into Social Security may be entitled to collect benefits based on those earnings, even if they are divorced. However, in order to collect these benefits, the individual must meet several important requirements,...
Chris Rock in divorce battle
California fans of Chris Rock may realize that the comedian's divorce is no laughing matter. The case puts the star's $70 million fortune in jeopardy. Rock initiated the divorce proceedings in December 2014. The two were married in 1996 after they met at the Essence...
Importance of Social Security planning in divorce
Many California residents have heard that Jennifer Garner and Ben Affleck are apparently preparing to divorce. Although initial reports indicated they would wait until after they had been married for 10 years, recent ones now indicate they will divorce before that...