You and your spouse got married, lived in an apartment for a year, and then bought a home. When you applied for the loan, you were both working and so you used both incomes. That’s how you qualified for the mortgage, and it’s how you determined just how much house you...
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...
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...
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...
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...
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,...
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...
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...
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...
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...
