California is a community property state, which means that assets acquired during a marriage are split 50/50 in the event of a divorce. This law may seem pretty clear-cut, but what happens to assets such as life insurance policies? Singer Frankie Valli recently set a new precedent when the California Supreme Court recently ruled in his favor regarding a life insurance policy he purchased for his then wife.
An audit conducted by the acting Los Angeles County, California Auditor-Controller says that the county's Department of Children and Family Services (DCFS) neglected to transfer approximately $1.8 million dollars worth of child support and other payments to former foster kids after they became adults. In a report to the county Board of Supervisors, the auditor also says that the DCFS has roughly $7.2 million held in reserve which they should have spent on the needs of foster kids.
In a well publicized dispute, the actor Jason Patric recently lost a court battle for joint custody of a child he fathered with Danielle Schreiber. A family law court in L.A. Superior Court sided with the child's mother and found that Patric was solely a sperm donor, and that the couple had no further agreement to enter into a joint child custody arrangement.