Married couples in California tend to plan joint futures. They expect to share certain financial obligations, including the cost of housing and insurance. They often save money together for retirement and other upcoming financial challenges. If married couples in...
Property Division
Why do you need a new mortgage to keep your home after divorce?
Your goal may be to keep your home even as you go through a divorce. You don’t want to move. Your spouse may suggest selling the house and splitting up the proceeds, but you may counter by saying that you will just buy out their portion of that home ownership. That...
Does your spouse have a right to your inheritance?
If you were given an inheritance by your parents, there’s a good chance that you consider this to be an asset that you own by yourself. Even when you were happily married, you thought of it as your own money, not a fund that you shared with your spouse. If you get...
Can you afford to keep the marital home?
One thing that has to be determined in a divorce is what will happen to the marital home. This isn’t always easy to figure out but it must be done before the divorce can be finalized. If you’re facing this decision, there are a few points that you need to think about....
How is property divided following a California divorce?
A divorce is never easy, and it means a total overhaul of life. Given that a married couple has long-term plans that involve their finances, separation could disrupt everything. This is why property division takes center stage. Therefore, you should be on top of...
When is an QDRO needed in a divorce?
California is one of a handful of states that adheres to the community property rules regarding the division of property in a divorce. This generally means that a divorcing couple would divide any lingering property and debt in half among themselves. Any instance in...
Can your spouse sell or give away community property?
People's behavior can change drastically during a divorce. Someone who is usually calm and considerate can become aggressive and even choose to break the law because of the intense emotions that arise during their divorce. One of the ways those emotions can affect...
What does quasi-community property mean in California divorces?
Many California residents know that property division is one of the most upsetting parts of getting a divorce. It inspires many arguments and conflicts between two spouses who are typically already in disagreement. As if property division is not stressful enough, the...
Consider these points regarding property division in divorce
People who are going through a divorce have a lot of things to think about. One of these is how they will divide the assets they accumulated during the marriage. While some might think that this is an easy process, there are a lot of variables that you have to...
4 ways to protect your financial health after divorce
Divorce can be a time of significant financial changes in your life. Not only will you divide your savings and your possessions, you will also transition to life in a single-income household. This can leave many wondering how they can enter the next stage of their...