In the midst of a divorce in California, the concept of transmutation of property may become highly relevant. This term refers to the process by which the character of property changes from separate to community or vice versa. It is important to understand what this...
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Property Division
Determining asset value during a high net worth divorce
One of the most basic requirements of divorce in California involves dividing the value of a couple’s marital estate. Dividing both property and debt are parts of this process. Couples either negotiate a settlement or prepare to present their case to a family law...
Will my spouse get half of my business if we divorce?
Married people in California considering divorce often have a lot of questions. They have likely heard stories about the state's community property rules that make them nervous about what will happen with their financial resources if they move forward with a divorce....
3 steps to secure your finances before starting your divorce
Along with wreaking havoc on your heartstrings, getting a divorce can destroy your economic situation. Most divorces end up costing spouses much more than they anticipated. Since experiencing financial hardships is a valid concern, most want to do all they can to...
How is marital property divided in California?
Every relationship has its share of bright and dark days. Sometimes, relationship challenges can push the couple to sever ties through a divorce. And as you can imagine, divorce is never easy. One of the most contentious subjects during the divorce is usually property...
Who gets the rental property when you and your spouse divorce?
Agreeing on how to split assets can be an incredibly tough part of the divorce process, especially when you can’t agree on who should have what. Property is often one of the most valuable things that couples buy together, which is also what makes it such a hot topic...
What assets are divided in a divorce?
Property division is a big topic of discussion during the divorcing process. People often enter into marriages with property and accumulate more during their relationship. When it’s time to part with your possession, you may need to know what you’ll have to consider:...
3 assets you shouldn’t overlook in a California divorce
Every bank account and possession contributes to the overall value of your marital estate. The community property laws in California give you a claim to both physical property and income that you and your spouse earned or obtained during the marriage. To ensure that...
Will your divorce decree make you pay for your spouse’s affair?
It may have been the financial infidelity and not the sexual infidelity that you noticed first. You happened to log into your credit card account online, which you usually don't pay, only to spot suspicious charges. Your spouse usually handles paying the account, so...
Sharing your inheritance with your spouse may prove a bad idea
If you are about to divorce, you can look back over your marriage and realize you made a lot of mistakes. Everyone makes errors, but you can usually recover and move on wiser than before. One area where this may not be possible relates to any inheritance you...