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...
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Property Division
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...
Protecting a business from the possibility of the owner’s divorce
Even if their marriages currently seem blissful, wise entrepreneurs might do well to have some safeguards in place in case their unions turn sour down the road. This is especially true in community property states, like California, where assets accumulated during the...
Dividing a 401(k) in a divorce settlement
A person who is going through a high asset divorce in California might wonder what will happen to their 401(k) plan. Depending on the details of the divorce settlement that is reached, an individual will likely have to pay out a portion of the assets that they have in...