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,...
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High-Asset Divorce
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...
Divorce in the age of bitcoin
California residents know that a divorce can be complicated, both emotionally and financially. While it means the end of a relationship that just did not work, starting over and letting go of previous life plans can be very difficult. Additionally, the division of a...
Refinancing after a divorce
California homeowners who are getting a divorce should handle their home mortgages with care. Refinancing a mortgage may be the best way to protect one's financial future and a home, which usually is a couple's most valuable asset. Refinancing is ideal because it can...
Managing finances during a divorce
When couples in California divorce, the personal finances of each spouse are often thrown into turmoil. Asset division and commitments to spousal or child support are typical aspects of the divorce settlement process. However, it is also essential for each spouse to...
Property division and hiding assets in a divorce
California is a community property state, which means that marital assets are divided in half for divorces. This has lead to many concerns for separating couples, including one woman who is divorcing her husband of 25 years. Her husband has insisted that he is going...
What to do if a spouse transfers assets
Many California residents may be unsure what to do if assets are transferred from a joint account into an account in one spouse's name. One man opted to give his wife one month to replace $130,000 that was transferred into a CD in her name only from a joint account....