Division of Assets and Debts

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...

Financial and child-related issues in divorce cause some of the most frustration and conflict. If you own a small business, your financial separation may prove even more complicated. What happens to your business should you find yourself on the path to divorce? When...

Ending your marriage can be costly in many ways — socially, emotionally and financially. If you are facing divorce, the future may suddenly seem full of uncertainty, and you need answers. Some of your biggest questions likely have to do with your home. Your house is...