Division of Assets and Debts

Undergoing a divorce poses numerous challenges, both emotionally and financially. One such hurdle involves determining how to split investment properties. In California, the process follows unique legal guidelines, which make understanding the rules essential for an...

When your California marriage ends, you may question what your future is going to look like in the absence of your husband or wife. You may also have concerns about retirement, taxes and similar financial matters, especially if your former spouse was the one who...

Many people living in California enter into marriage and wind up sacrificing their careers in the process. Maybe they do so to free up more time for raising children, or perhaps they do so to be able to spend more time at home catering to their partners. Regardless of...

When going through divorce, it is important for business owners to take steps during the asset division process to properly value the business. A family business counts as "property" in the eyes of the law, but it is important to understand whether part or all of it...

Part of divorce proceedings is the categorization and division of assets according to California law. Like all assets in a California divorce case, what happens to the house depends on whether it is marital or separate property? Is the house marital or separate...

People never enter marriages intending them to end in divorce. In reality, though, not all unions survive. Divorce courts are responsible for separating assets between splitting partners. They consider everything to be marital property unless contradictory proof is...

A California divorce involves many moving parts. If you and your spouse own a business together, you may need to take extra steps during asset division to divide its value accordingly. Your degree of entitlement when it comes to the family business, and that of your...

As a community property state, California considers a married couple one legal "community." The law views all assets and debts obtained by either person during the marriage as shared property. During a divorce, the courts typically divide this community property...

The impact of a divorce on your present and future may require a massive change in plans. One area where you may feel the brunt of a split is retirement. Absent a prenuptial agreement that addresses how money divides, you may want to prepare yourself for what such a...