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...
What happens if your spouse hides assets?
California couples like you have a lot on your plate when handling divorce. This is especially true if you have high assets, as it creates more to keep track of. Unfortunately, some people may take advantage of this to try hiding assets. The higher your assets are,...
The challenges of a grey divorce
Unlike the divorce of a younger couple who have not been married very long, a grey divorce presents a set of unique challenges. Couples who have been married 30 years or more will usually not only have significantly more assets to divide, but will also have many more...
Protecting your property in a high-asset divorce
While each divorce case in California is unique, high-asset divorce cases can be especially complicated because of the amount of assets and, potentially, debt that can be involved in these types of cases. The individuals who are going through high-asset divorce cases...
Dividing high assets under community property laws
Most Californians who are contemplating a divorce are aware that California is a community property state, but they are not certain how those laws will affect the division of their property. The effect of the community property statutes is especially important for...
Legal advice can be critical in a high-asset divorce
For California couples who are divorcing, the level of wealth they had before the marriage or accrued while they were married can be a critical point in the process. Whether the accumulation of assets was due to a business that the couple built together or one spouse...
Divorce pending for talk show host
With the number of people in California, it is inevitable that divorces will happen. Cases where people have significant assets can be contentious and have a lot at stake. When preparing to file for a high-asset divorce, both sides should have legal assistance from...
