However, many couples anticipating marriage do not execute a prenuptial agreement before the wedding. However, an individual can protect his or her assets even without a prenuptial agreement. In a community property state like California, the pre-marital assets of...
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Property Division
The tax consequences of property division in divorce
When California married couples decide to divorce, matters such as spousal support, asset division, and child support and custody are the main issues that they have to resolve. However, some of them overlook the impact that some of their decisions will have on their...
Business ownership and divorce in California
If you are a business owner and are preparing to divorce, protecting your business interests may be of preeminent concern. Your business may be considered to be the community property of you and your estranged spouse, and if it is not handled correctly, your continued...
Dividing assets and liabilities after a California divorce
After a divorce, both parties are asked to go through their debts and assets to determine how to divide them. The goal is to divide everything as equally as possible. For instance, if one party gets the house, that same party may also be responsible for taking care of...
Pet custody a growing concern in divorce cases
California couples who are facing divorce may have more to think about than issues around support, child custody and the division of community property. Increasingly, couples are negotiating what happens to their pets after a split as well. While the law traditionally...
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...
California divorces and how to split the home
Since California is a community property state, one of the biggest complications when dividing assets can be determining what to do with the house. The only way to divide a house equally is to sell it and split the proceeds, but for many people this is not a workable...
Property division during divorce in California
Ending a marriage can be a stressful and difficult process, and there has been significant growth in divorces among adults over 50. According to the National Center for Family & Marriage Research, the divorce rate for this age bracket doubled between 1990 and...
California Supreme Court ruling clarifies community property law
The California Supreme Court's recent ruling on a legendary singer's divorce case highlights the state's community property laws and could impact future divorce cases. The California Supreme Court ruled in favor of Frankie Valli, saying that he still owns half of a...