Division of Assets and Debts

Getting married is also a financial commitment that warrants consideration and planning. One aspect of this planning involves knowing the process of marital property division should the marriage end in divorce. A prenuptial agreement (prenup) can be crucial in this...

Wealth and divorce often go hand-in-hand. But that doesn’t mean that they work the same way in every relationship. If you’re moving toward a divorce, the role that financial assets play could be very different than it will be for someone else. For example, wealth can...

California law allows a number of types of alimony. Most of these are temporary to allow the lesser-  or non-earning spouse a chance to acquire the experience, skills, connections and/or education they need to become self-supporting after divorce.  There’s also a...

Retirement accounts are an essential part of marital assets. These accounts typically have to be divided as part of the property division process if the couple goes through a divorce.  Several factors determine exactly how these retirement accounts are handled during...

As a community property state, California courts equally divide assets and debts that divorcing couples amassed during the marriage. This process means state laws entitle each party to 50% or half of their marital wealth and liabilities. On the other hand, anything...

As people live longer, healthier lives, more older adults see the benefits of divorcing in their golden years. While divorce can allow a person to enjoy new freedoms, doing so after being married for so long can present unique challenges. One of the biggest hurdles in...

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...