Getting divorced is often a messy process. First, there's filing for divorce and serving your spouse with necessary paperwork. Then, you have to make temporary child support, custody and visitation arrangements. You also need to determine how to divide your assets,...
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Splitting student loan debt after a divorce
Since California is a community property state, debts and assets acquired during a marriage are generally considered shared marital property. This means if that marriage ends in divorce, those debts and assets will in general be equally divided between the two by a...
New California law will impact living together after separation
You hear about it more and more: the idea that a married couple might decide to separate, but remain under the same roof, often so they can easily co-parent and so as not to uproot the children. Sometimes it is to share residential expenses until a divorce is final or...
Know your finances before divorcing
Not all couples in California share the job of managing the finances. In fact, it is not unusual for there to be a division of labor when it comes to managing the household income. One spouse may handle day-to-day spending, like paying for groceries and utilities,...
Bankruptcy court finds that divorce agreement wasn’t alimony
When California couples file for divorce and one party is ordered to or agrees to pay alimony, that obligation is not dischargeable if the payer later files for bankruptcy. It is important to note that not every provision in a divorce settlement will be considered to...
A mortgage can complicate a divorce
When a California married couple purchases a house together, both of their names are usually included on the mortgage. If the couple goes through a divorce before the mortgage is paid off, they could be linked by their mortgage document for many years to come, because...
Costs of divorce can quickly add up
California couples who have been through one know divorces aren't cheap. Not only are the emotional costs high, but so are the financial costs. The average divorce can cost $15,000 to $20,000 in legal and other professional costs alone, and when it is bitterly...
How your spouse might be hiding money in your divorce
For couples going through a divorce, dividing the marital property is one of the most difficult things that they will have to do. Under California law, each spouse is entitled to half of the assets they accumulated during the marriage. Some spouses may be reluctant to...
The importance of financial planning in divorces
When California residents are contemplating a divorce, they are likely to turn to a lawyer to help them understand what paperwork they need to file and how to proceed. They may also rely on their lawyer to assist them with their finances, but that may not always be...
Three things you should do if you are considering filing for divorce
If ending your marriage seems like a real possibility, you probably have questions about what you need to do. Most people do not simply file for divorce without planning, so you need to be sure that you know some of the basic steps that you should take at this...