Divorce has major financial implications for most people. Several key factors determine how much of an impact the end of a marriage has on one's retirement savings. Understanding how divorce affects a retirement portfolio is helpful for anyone navigating the end of a...
High-asset Divorce
Can spending on a partner affect property division in divorce?
California is a community property state. In a divorce, assets acquired during the marriage typically get equal division between the spouses. However, when one spouse spends money on a new romantic partner during the marriage, it can potentially complicate the...
5 ways international holdings can complicate high-asset divorces
International holdings may include real estate, offshore bank accounts, global investment portfolios and retirement accounts. These holdings can add layers of complexity to California divorces. For example, the division of assets may take longer due to issues with...
What factors impact the length of your divorce?
One of the most pressing questions divorcing individuals ask is how long the ordeal will take. The answer varies depending on a multitude of factors. It is worthwhile to understand what variables will affect the length of your divorce before filing paperwork....
When one spouse earns and the other handles the finances
Division of labor is a basic organizational principle. People do it in their professional and daily lives. Usually, splitting up work makes sense and saves everybody a lot of time. However, in the case of divorce and finance, it might provide an advantage for one...
How can I protect my inheritance during a California divorce?
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...
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....