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Articles Posted in Divorce Finances

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Tax Deductibility of Lump Sum Spousal Support Payment

In California divorce cases parties often overlook the tax treatment of their proposed actions when negotiating settlement agreements. A husband might say, “I will pay you more spousal support than child support because our child is turning eighteen (18) soon and child support will terminate.” A wife might say, “I…

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I’m a Woman, I Won’t Pay Child Support, Right?!

“Real Housewives of Beverly Hills” star, Brandi Glanville, shared with the world on twitter that her ex, Eddie Cibrian, who is now married to singer LeAnn Rimes, is allegedly asking her to pay child support for their two kids. But could this even be a possibility? Word on the street…

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Date of Business Valuation – Exceptions for Bad Actors

In general, family courts disfavor “bad actors” or spouses who take deliberate steps to disadvantage the other party in anticipation of or during a divorce proceeding. Spouses owe each other the highest duties of good faith and fair dealing – even throughout the divorce process. Specific family law codes were…

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One Day Divorce – Is it Really as Good as it Sounds?

On March 1, 2014, the San Diego Superior Court began offering a “One Day Divorce” option at the San Diego’s Downtown Family Court. This pilot program provides the option for eligible parties to complete their entire divorce is just one short day. Sounds pretty amazing, right?! The goal of the…

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Protect Your Finances in Divorce

One of the top concerns for the majority of family law litigants is protecting their financial well-being during the divorce process and beyond. Typically, all divorcing parties must make changes to their lifestyle in order to stretch their family budget enough to support two separate households. The reality in most…

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Can a Child Support Obligation be Avoided by Filing for Bankruptcy?

Being awarded child support is very important for financial stability of the child support recipient and his/her children. Thus, the possibility of not receiving the child support that is owed can be detrimental. One question often in the minds of child support recipients is whether the payor spouse can avoid…

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