For years, Christina Estrada’s life read like a fairytale; former international supermodel fell in love with a billionaire Saudi Arabian sheikh, raising a daughter and sharing a mansion in the British countryside with an unlimited monthly budget to spend on whatever their hearts desired. She is quoted describing her married…
Articles Posted in Divorce Finances
Effective Date for Support Orders
One of the first issues a new client will ask us about is support. Whether it is child support, spousal support, or both, support is one of the most important issues in your family law case. It’s easy to understand why. During your marriage income and expenses are shared and…
Lisa Marie Presley leaves husband in charge of finances; what happens when the “out spouse” files for divorce?
On June 13 Lisa Marie Presley filed for divorce from her fourth husband, Michael Lockwood. While Lisa Marie isn’t the only star we’ve written about to go through multiple divorces, her specific case highlights a common and sometimes very complicated issue in divorce which occurs when one spouse has taken…
Marriage of Cooper: Another reason why you shouldn’t mix community and separate money in the same bank account!
The Court of Appeals just issued what could be a very important opinion on the issue of commingling separate and community funds in certain accounts. The name of the case is Marriage of Cooper and it is a stark reminder of the perils that may result from mixing separate and…
Jules Wainstein still living with Ex; how to get out if this sounds like you
As a cast member of the Real Housewives of New York, Jules Wainstein is no stranger to drama. Surprisingly though, Jules’ impending divorce from husband Michael Wainstein filed in June has already been deemed the most dramatic divorce in Housewives history. And while it may be the most dramatic divorce…
Is your 401(k) now a 201(k)?
Currently American investors are seeing significant losses in the market. For most Americans the effects are being felt in their 401(k) accounts or mutual funds. (Hence the 401(k) to a 201(k) joke…I know it’s not very funny). In the long term, this downturn is just part of the market cycle,…
SO YOUR EX QUIT THEIR JOB…NOW WHAT DO YOU DO? [Part Two – Spousal Support]
In Part One of this blog, I discussed the issue of income imputation (often referred to as earning capacity) in child support cases. The focus of the article was about your options if the other parent voluntarily quit their job and was seeking a modification of child support. As that…
Life Insurance and Support in Divorce
At the beginning of each divorce case, the parties always have questions regarding how the divorce will impact their daily lives, especially their finances. One of the biggest issues, and often most disputed, is support. The parties cannot plan for their separate futures until they know whether a support order…
New Years Resolutions Especially for Divorcees
Along with the New Year comes a plethora of New Year’s resolutions. Most people chose a resolution like exercising more, eating less or starting a new hobby. Some are able to stick to their resolution the whole year while other barely make it through the first of the year. For…
Complex Issues – Required Financial Disclosures in Divorce
We often blog about the statutory requirement in all California divorces for divorcing parties to exchange complete financial disclosures. The required disclosure documents consist substantially of an Income and Expense Declaration and a Schedule of Assets and Debts. Through the completion of these documents, the parties are obligated to provide…