In California, debts incurred by either spouse while married are the responsibility of both spouses, even if only one spouse took them out. These are referred to as community debts, as opposed to separate debts that remain the responsibility of the debtor-spouse only....
California couples who achieve a wealthy lifestyle, are fortunate enough to have a substantial income and accrue noteworthy assets can see their financial fortunes put in jeopardy by a high-asset divorce. One of the most contentious issues that will come up for debate...
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...
Finances are a major issue in many California divorces, whether it is a high-asset case or one of more modest means. For people who have significant assets; however, there is likely to be more at stake. Often, people are unaware of precisely what their spouse owns....
Since California is a community property state, marital assets are supposed to be divided equally unless the parties agree to some other sort of division. But complications can arise when you’re dealing with major assets that are difficult to split, such as a business...
The financial ramifications of divorce can be significant. They can dictate which assets you’ll have to work with once your marriage dissolution is complete, and they can specify what kind of support, if any, you’ll receive when all is said and done. But if you’ve...
A high-asset divorce can be a costly financial transaction. Since California is a community property state, you’ll receive an equal share of the marital estate, which should alleviate some of your financial burdens post-divorce. However, your property division...
Getting through divorce is tough. There are oftentimes a lot of emotional entanglements that can be heart-wrenching to deal with, and figuring out what your post-divorce life is going to look like can be scary. Even though this can be enormously stressful, there are...
Divorce is rarely an easy endeavor. After all, you’re going to be tasked with untangling your life from someone with whom you’ve lived for years or even decades. Although the logistics of it all can be tremendously stressful, the emotional toll taken by the process...
Many California households are dual income. That means that both spouses are working and contribute to the couple’s finances. In some cases, they earn a similar salary and have comparable skills. In others, there is a major difference between how much they earn, their...