A California child's uninsured medical expenses are also part of both parents' obligations to pay in addition to basic child support, in most cases. These medical expenses are the ones that are not covered by a health insurance plan and can include co-pays,...
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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....
Finances after divorce: It isn’t all bad
Many Californians know that divorce can create lots of financial turmoil, even if only in the short term. However, there are some potential financial benefits that can emerge during and after the divorce process. Thrifty individuals who were married to a spendthrift...
Child support the most common reason for wage garnishments
Delinquent child support payments remain the most common reason for wage garnishments in California and around the country according to a report from the ADP Research Institute. The study, which was based on the anonymous payroll data of 12 million American workers,...
Dealing with the costs of gray divorce
Older California couples whose marriages are ending might be surprised at just how costly their divorces might be. Between fees for legal representation, tax implications and even long-term financial adjustments, gray divorces can become very expensive for the parties...
Making financial decisions during a divorce
Going through a divorce can be an emotionally taxing experience. As such, estranged California couples may not be in the best state of mind to make financial decisions that will have a major impact on their lives after the divorce. To potentially prevent major...
Mediation can help couples form prenuptial agreements
Many California couples are heading for marriage at a more advanced age than in the past. This means that both parties are often coming to the marriage with established careers, significant assets, investment funds or even self-owned businesses. While couples planning...
David Hasselhoff moves to stop spousal support to ex-wife
On Sept. 18, actor David Hasselhoff reportedly asked a California judge to end the alimony payments he was required to make to his ex-wife. He had reportedly been making monthly payments of $21,000 to his ex-wife from 2006 to 2016 when those payments were cut down to...
Divorce and consistent household rules for children
California parents who are splitting up should make sure that their children have consistent household rules as they move between homes. Parents may have separate rules either because of genuinely different ideas about raising children or because they want to spite...