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An issue that is often overlooked in the early stages of a California divorce is the disposition of pets. Occasionally, only one spouse wants to keep the family pet, and the issue is easily resolved. In many families, however, both spouses and the children form...
Many California couples own stock in one or more small businesses. In the event the couple decides to end their marriage, they may need to value the stock they own. If a divorce is not contested as to property division, an appraiser may not be needed. If, however, the...
For most divorcing California couples, their house is their biggest asset, and the mortgage is likely to be the largest debt. California's community property law does not give couples much latitude in how to divide the equity in the house, but several property...
When a couple has decided to end their marriage, one or both spouses may try to attempt to hide assets from the other spouse. For example, a person facing a divorce may try to hide marital assets from California's community property laws by creating a secret bank...
Even though California is a community property state, dividing assets in a divorce can prove to be a contentious problem. If a couple has acquired significant amounts of real property during their marriage, each of them is entitled to 50% of the value of the property....
One of the most disruptive events in the life of a closely held corporation in California is the divorce of one of the owners. Without prior planning, a shareholder's divorce could insert the shareholder's former spouse into the management of the corporation if the...
When you think about contentious divorce issues, you may consider custody and parenting time as being the toughest problems to resolve. However, dividing marital debt may be just as complicated and arduous as anything dealing with where a child will live....
Financial matters are something some people might not like to talk about very much. However, there are situations in which discussing financial matters is very important. One is when you are married. Honest and open communication about money matters can be very...
When dividing property in a divorce, it matters what state you live in. Americans live either in a "community" or "common law" property state; in the latter (which includes California), the courts decide what belongs to whom in divorce and death proceedings. In...
