The 1st District Court of Appeal overturned previous rulings in a child support modification case brought by a man whose income placed him among top earners in California. The original decision excluded his stock options from income and granted an exemption to Family Code Section 4057(b)(3). That section normally directs courts to base child support amounts on parental income but allows exceptions for people with very high income if the amount would exceed what the children need for support.
Many people in California and throughout the country have heard about the Jeff Bezos divorce story. The Amazon CEO is estimated to be worth $147 billion, and he and his wife did not have a prenuptial agreement. This means that their joint assets will probably be split as equally as possible under Washington's community property rules. As a general rule, the goal is to create a fair division of assets even if the split isn't exactly 50/50.
Last year saw many things. This includes a wide range of married celebrity couples announcing that they had decided to go their separate ways.