Divorce can present challenges when it comes to dividing assets, particularly if you have received or are anticipating an inheritance during your marriage. In California, where community property laws apply, it is important to take steps to protect your inheritance in...
High-asset Divorce
What are community and separate properties?
When going through divorce, you likely have questions about your assets. After all, most people feel the biggest concern regarding asset division. How do you know what property you get to keep? What sort of property is up for division? Separate property As The...
How can I lose retirement money to taxes in divorce?
After years of accumulating money in your retirement accounts, you probably fear your retirement plans are in jeopardy because of your upcoming divorce. Given the complicated nature of high-asset divorces, you should take note of which accounts you will have to split...
Should you worry about digital wallets in divorce?
Going through divorce is difficult for everyone, and some parts of it prove a bigger hurdle or hindrance than others. Asset division is among those potential hurdles. This is the part of divorce where a spouse may show an ugly side by attempting to hide assets. What...
Working together to navigate rough waters in high-asset divorce
You may have accumulated significant assets during your marriage, but when it comes to your divorce, less is more. Litigation can be lengthy, expensive and combative. If you and your spouse can work together, you can negotiate a divorce settlement on your own terms....
How may an ex-spouse receive benefits from a retirement plan?
Community property in California includes contributions made to retirement plans during a marriage. You and your soon-to-be ex-spouse may need to discuss dividing proceeds from a pension or an IRA as part of your divorce decree. As noted by Kiplinger's Personal...
How California community property laws impact high-asset divorce
California is one of nine US states that follow community property laws. That means in a divorce action, any property acquired during the marriage belongs to each of the spouses equally. It is common for couples to have a residence, automobiles, retirement accounts,...
Don’t forget to revise your insurance policies after divorce
The divorce process can quickly become a complicated financial matter. Factors such as property division, the division of debt responsibility, finding a compromise regarding support and writing a comprehensive parenting plan can all derail even the most amicable...
Is it worth it to hold on to an expensive home?
If you have lived in an expensive home during your marriage, you may wish to hold on to it after you have completed your divorce. Even if your spouse seems ready to give up any claim on the home, you might find that owning a costly residence by yourself is not worth...
Why 61% of divorced women wish they hired financial advisors
When you have a lot of assets, you have a lot to potentially lose in a California divorce. You may, too, have specific financial goals you wish to accomplish once you separate from your one-time spouse, but you may not know how to put your plans into action. According...
