Miller & Associates, Attorneys LLP
  • Best Of the Best 2014 - By the Readers of The Placer Herald
  • Best Of the Best 2015 - By the Readers of The Placer Herald
  • Placer Herald | Best Of the Best 2016 - Rocklin
  • By the readers of the Placer Herald | 2017 Best Of the Best
  • By the readers of the Placer Herald | 2018 Best Of the Best

FAMILY LAW ATTORNEYS

ROCKLIN: 916-780-0848 FOLSOM: 916-365-4941
Free ½ Hour Consultations

Main Navigation

Focused on reducing the emotional and financial toll to your family.

Offering divorce and family law options to fit
your needs, and focused on reducing the emotional
and financial toll to your family.

High Asset Divorce Archives

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 wife of 25 years. But now that the couple has announced plans to split, the unique aspects of a divorce involving the super-wealthy are now in the spotlight.

New California law considers pets' feelings during divorce

A new California law will soon give pets more rights during divorce proceedings. Thanks to AB 2274, which goes into effect on New Year's Day, judges will have the power to consider the best interests of dogs, cats and other pet animals when overseeing divorce cases.

Protecting a marriage from financial strife

California couples should be aware of ways they can financially divorce-proof their marriages. Financial strife is a major factor in why couples divorce. A survey suggests that 59 percent of divorced couples at least partially blame financial issues for their divorces. Another 20 percent claim that financial issues were a major factor in why they divorced.

Financial tips for divorcing couples in California

"Gray divorce" is a term used to describe senior couples who are separating. Since the 1990s, the divorce rate for those aged 65 and over has roughly doubled. Older Americans facing divorce may have more assets to split, including 401(k) plans and IRAs. The American Academy of Matrimonial Lawyers reports that after spousal support, disputes over retirement monies come in second on the list of issues divorcing couples argue about.

The financial issues associated with divorce

A divorce in California can significantly alter a person's financial circumstances. Therefore, prior to getting a divorce, it is important to get an inventory of the assets and liabilities a household may have. Cash, money in an investment account or the value of a retirement account are all considered to be assets. Generally speaking, they are eligible to be divided in a divorce settlement.

Property division during a gray divorce

When older couples in California decide to split up, the divorce can carry some major financial consequences. While child custody and support are generally not issues for seniors, property division can become more complex. Many couples over 50 have accumulated decades of marital property together and often have large retirement funds that will need to be divided as part of the divorce.

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, however, could be classified as a nonmarital asset. Despite this status, some splitting couples have been dividing their inherited IRAs within their divorce settlements. Unfortunately, there are no Internal Revenue Code provisions that deal with this issue.

Divorce and retirement

California residents who get a divorce should be prepared for the impact that the process can have on their finances, particularly those earmarked for their retirement years. According to the results of a study conducted by the Center for Retirement Research, households that have not experienced a divorce have a net financial wealth that is almost 30 percent more than that of similar households in which a divorce has occurred.

How to start rebuilding after a marriage ends

For those going through a divorce in California, the financial impact can be significant. The divorce itself could result in an individual losing a significant percentage of assets built up over his or her lifetime. Furthermore, it can be more expensive to live as a single person after a divorce than it was while married. However, by keeping and following a detailed budget, it can be easier for people to gain control over their finances.

Contra Costa County | Bar Association The State Bar of California Placer County Bar Association Collaborative practice california IACP Certified Family Law Mediator
Miller & Associates, Attorneys LLP
Miller & Associates, Attorneys LLP
6542 Lonetree Boulevard
Rocklin, CA 95765

Phone: 916-780-0848 
Fax: 916-780-0787
Miller & Associates, Attorneys LLP
2280 E. Bidwell Street, Suite 204
Folsom, CA 95630

Phone: 916-365-4941 
Fax: 916-780-0787

Follow Us On

Facebook Twitter
Yelp

Our Office Directions

Rocklin Law Office Map Folsom Law Office Map

Privacy Policy | Business Development Solutions by FindLaw, part of Thomson Reuters.