Let's say you were injured in an accident, you took legal action and you received a substantial out-of-court settlement. Now you're going through a divorce. Do you have to divide your settlement with your soon-to-be ex-spouse? The simple answer to this question is no,...
Property Division
What if your community property includes your business?
California's community property law holds that all assets and debts acquired by either spouse during their marriage is owned jointly by both spouses. This means that if the marriage ends in divorce, each spouse has an equal claim to everything in the community...
Division of retirement assets in California divorces
Divorce is one of the most challenging times in any person's life. It often takes an enormous toll on the parties, and it is a difficult experience in every way, including financially. In addition to the emotional difficulties the couple is going through, many other...
How will divorce impact my private practice?
Physicians who choose to own a private practice are taking on more than just patients. They are taking on the need to delegate administrative and business duties and navigate the legalities of running a medical business. This is all in addition to managing patient...
Common denominators in property division
California has plenty of high-profile family law cases due to the number of rich and famous people who live in the state. And, when there's a lot of property at stake, divorces can get complicated. Still, while the details can be very different from one divorce to the...
Will divorce mean selling my business?
You have spent years building your business. As a business owner, you have seen highs and lows and spend countless hours trying to develop your next step as a company. Going through a divorce can be a challenge for you and your business. Depending on your situation,...
Ways that a scheming spouse attempts to hide assets
The division of assets in divorce remains one of the testier topics that separating couples must address. The what’s-mine-is-yours philosophy during the marriage may fall by wayside, and parting spouses suddenly transform into possessive individuals ready to fight...
How can a forensic accountant help in divorce proceedings?
Throughout your marriage, your spouse hid things. The many secrets turned into layers of mistrust due to untruthfulness, concealment and lack of communication. Now that the two of you have decided to part ways, you know that this is the time to dive deeply into those...
What types of property are included in the marital estate?
When a couple in California divorces, they may be concerned about what property they will get to keep and what property will go to their spouse. The distribution of property in a divorce may depend on whether the property is separate in nature, community in nature or...
How does a trust get divided up in divorce?
Trusts, whether you create them for personal wealth protection or as a fund for your children, are great ways to preserve money and assets for you and your family's future. It is a sure way to put your money where you want it when you want it. But divorce can make a...