California residents might have heard that Jeff and MacKenzie Bezos are making progress when it comes to finalizing their divorce and have agreed on a settlement that still needs court approval. While divorce can sometimes take a toll on one's finances, both people...
High-Asset Divorce
What to do with the family business in a divorce
Couples in California who are getting a divorce and who own a business will have to get that business valuated for the purposes of property division. They can either keep the business or sell it. Some couples are able to continue running a business together despite...
Divorce and cryptocurrency
Cryptocurrencies became part of the financial landscape in 2009 with the launch of the Bitcoin. It has since become a factor in many divorces in which one or both spouses have cryptocurrency assets. California residents with cryptocurrency holdings who are considering...
Grey Divorce: A Light at the end of an Unhappy Tunnel
In California, older spouses involved in long-lasting marriages may view grey divorces as happy events. For many older couples, life is a burden too difficult to bear. Marriages often become unbearable because the spouses are no longer compatible. Divorce was frowned...
The unique aspects of divorce for the super-wealthy
Even in a state like California where it's not unusual to find couples with sizable assets, it's hard not to be impressed by the considerable wealth Amazon founder Jeff Bezos has accumulated over the years. Up until early 2019, he jointly shared that wealth with his...
Inherited IRAs and property division
A California divorce requires the division of marital property, which often includes individual retirement accounts. These vehicles can only have one name on them, but a divorce generally treats retirement savings as marital assets. An IRA inherited by a person,...
Understanding finances is key in high asset divorces
High asset divorce cases often have a dynamic that is usually not present in other marital dissolution cases. When a California couple with substantial financial holdings divorces, locating and understanding family finances is critical when a fair distribution of...
Thinking of the children during a divorce
California residents who are going through a divorce may want to keep their children in mind as it moves along. Failing to shield them from the more painful aspects of the split could cause issues today and during adulthood. One way to resolve custody issues is to...
Handling business matters during a divorce
California couples who operate a business together and who are also getting divorced should consider how they plan to handle the business. Some may decide to divide it up, while others may opt to continue working together. Regardless what is decided, there are certain...
In some divorces, beloved art is worth more than its price tag
California is home to many wealthy couples who have gone through high-asset divorces. When a large amount of money is involved, any asset could be the subject of a million-dollar legal battle. One of the issues that may arise during property division is who gets to...