An amicable divorce may begin with you and your spouse agreeing on crucial issues, but what happens when things suddenly turn hostile? While an uncontested divorce may save money and time, the final divorce agreement is as legally binding as one signed by a judge. If...
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Divorce
How does social media hurt your divorce case?
It is normal to take to social media during various important moments in your life. This includes weddings, childbirth, graduations, and negative moments like divorce. Most people use social media to reach out to their support system. However, during a divorce, you...
Uncovering hidden marital assets in a family business
Divorce is the main reason one spouse may hide assets in a family business. As a community property state, California recognizes the equal, not equitable, distribution of assets in the event of a divorce. Sometimes spouses go to extreme measures to hold to assets they...
Splitting equity when you give your spouse the home in a divorce
The family house is often the most significant asset a couple splits in a divorce. When you agree to let your spouse have the home, you may worry about getting your half of the equity. Fortunately, there are several different ways to collect your portion of the...
Am I responsible for my ex’s debt after divorce?
Dividing your belongings in a divorce can lead to high-tension conversations. When dealing with property division, assets like your home, cars, and cash undoubtedly come to mind. But did you know that debt is also considered "property" in the realm of divorce? There...
How do taxes work for the marital home in divorce?
As part of your divorce settlement, you and your soon-to-be-ex must decide what to do with the marital home. No matter if you both decide to sell, one person buys out the other or you remain in the house for your shared children, you must understand how taxes work....
Common challenges in a gray divorce
A lengthy marriage may prove more challenging to end. The longer the relationship, the trickier a divorce. A gray divorce occurs when spouses over 50 decide to split. People approaching retirement account for the largest number of divorce filings. The road through a...
Divorce may require spouses to split a retirement plan
Retirement plan contributions made during a marriage divide in half under California's community property laws. The IRS website notes that an ex-spouse may receive part of the current balance in a retirement plan. A soon-to-be ex-spouse, however, may not have a right...
3 changes to make to your estate plan after divorce
If you have recently divorced, you should update your estate plan right away. If you divorced years ago, it may be a good idea to review your estate plan to be sure it is current and adequately reflects your wishes. This is especially important if you did not make...
Negotiating business division in a community property state
Before filing for divorce, business owners may need to prepare a plan for splitting what typically reflects their most significant asset. As noted by Business.com, California is a community property state where marital assets divide equally. Marital assets may include...
