On behalf of Kathleen J. Smith, Attorney at Law | Sep 11, 2020 | Property Division
Divorce can be hard on your finances, as well as your emotions. Sharing a home is cheaper than living alone. Economies of scale reduce the cost per person of cooking, turning on the washing machine, running a car and more. When you divorce, your living costs per...
On behalf of Kathleen J. Smith, Attorney at Law | Aug 31, 2020 | Divorce, Property Division
A divorce signifies a new chapter in life. That includes your personal finances. After a separation, your income will likely drop – but ongoing costs remain the same. You have to figure out how to make it all work. Giving yourself the best foundation starts well...
On behalf of Kathleen J. Smith, Attorney at Law | Aug 22, 2020 | Property Division
For many divorcing couples, their house is their largest single asset. It is also the family home, full of memories. Deciding what to do with your house can present difficult challenges. You have a few different options, and you will have to balance your financial...
On behalf of Kathleen J. Smith, Attorney at Law | May 25, 2020 | Property Division
Divorce can be hard, especially when the cost of living is high and certainly when your marriage racked up a lot of debt. You’re probably wondering what’s going to happen to all that debt and how much of it you’ll be burdened with. You may know that California is one...
On behalf of Kathleen J. Smith, Attorney at Law | Mar 10, 2020 | Property Division
The finances of a family business might be handled primarily by one spouse, but this leaves the other spouse fairly clueless about what’s going on with the company. This isn’t much of an issue for some people as long as the household bills are getting taken care of,...
On behalf of Kathleen J. Smith, Attorney at Law | Aug 30, 2019 | Property Division
When two people marry, they envision sharing a life together, which usually includes a home. Those visions of blissful harmony are a foundation upon which many future dreams are built. However, when one spouse files for divorce, those future dreams can shatter. With...
On behalf of Kathleen J. Smith, Attorney at Law | Aug 2, 2019 | Property Division
When you get married, your focus is on love, happiness, building a future together, and very possibly the honeymoon. When you divorce, your focus is on things like property division and determining what is marital property and what is separate property. The issues...
On behalf of Kathleen J. Smith, Attorney at Law | Jun 4, 2019 | Property Division
In a best-case California divorce scenario, both spouses remain honest about their assets and their liabilities. Such honesty means that each spouse receives a fair share of assets in the final property settlement. Unfortunately, divorce can bring out the worst...
On behalf of Kathleen J. Smith, Attorney at Law | May 9, 2019 | Property Division
As you may know, California is one of several community property states. Under community property laws, courts presume that married couples jointly own the property they have accumulated while married. With this in mind, courts seek to divide assets as equally and as...
On behalf of Kathleen J. Smith, Attorney at Law | Mar 26, 2019 | Property Division
If you are in the midst of a divorce, you know how complex property division can be. California is a community property state, which means the court presumes that both spouses jointly own all marital property. On paper, this sounds like a simple process, but that is...
