Articles Tagged with separate property

4 Things You Should Never Do During Divorce

What to Do If You Discover Important Information After Finalizing Your Divorce

Divorce is never easy, even when spouses are relatively agreeable with one another and reach the mutual decision to end their marriage. There is almost always some emotional discontent in divorce proceedings, and it can be challenging for some spouses to make calculated practical decisions concerning their divorce. Unfortunately, the emotional stress of the divorce process causes some divorcing spouses to lose sight of their best interests. Many people in this position make critical errors that negatively impact their divorce proceedings and their futures beyond divorce.

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What Will Happen to My Business in Divorce?

What Will Happen to My Business in Divorce?

Divorce can pose significant challenges for the next several years, even the rest of your life. It’s natural to have doubts and worries about how your divorce will unfold, and these concerns can be even more stressful for business owners. However, if you plan to end your marriage soon and own a business, several factors will determine whether your business must be divided between you and your spouse. You may have more options than you realize for effectively handling this situation, and an experienced attorney can help you approach divorce as a business owner with greater confidence.

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Potential Benefits of Legal Separation vs. Divorce

Potential Benefits of Legal Separation vs. Divorce

If you and your spouse have been experiencing tension in your marriage, divorce could potentially arise as a possibility for your near future. However, it is vital that you do not make the decision to divorce lightly, nor should you rush into divorce proceedings in the face of marital problems. Divorce is a complex and stressful process. It is likely to pose significant changes to various aspects of your life for the foreseeable future. In some cases, couples need time and space to reevaluate their marriages before moving forward with divorce proceedings.

Legal separation can effectively provide some of the benefits that divorce can offer without the finality of divorce. While many people conflate legal separation and divorce, they are two very different family law procedures. In a divorce, the couple’s marriage contract is terminated, and the couple resolves many issues such as property division, child custody, and spousal support. In a legal separation case, the couple must also address many of the same issues and will ultimately end up with separate living arrangements, but they remain legally married.

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What to Do If You Discover Important Information After Finalizing Your Divorce

What to Do If You Discover Important Information After Finalizing Your Divorce

Any divorce has the potential to escalate into a heated legal battle between the divorcing spouses. The emotional stress and tension that divorce can generate can easily encourage a divorcing spouse to feel as though they just need to get through the process as quickly as possible. Unfortunately, the pressure to finalize a divorce as soon as possible can easily cause a spouse to overlook key details of their divorce, ultimately resulting in an imbalanced or materially unfair divorce order. This is especially true when a divorced spouse discovers important information after their divorce has been finalized that should have been considered during their divorce case.

In the event you discover any information that you believe should have been addressed during your divorce, you should prepare for modification proceedings. When new information would have changed the outcome of your divorce, it’s important to bring it to the court’s attention and have your divorce order modified accordingly. It’s also possible to face more serious legal proceedings if you discover that your ex engaged in serious misconduct. Modification proceedings can potentially allow for changes to child support, child custody, and alimony determinations.

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Keeping Separate Property in a California Divorce

Keeping Separate Property in a California Divorce

California upholds a strict community property law for divorce, meaning that all of a married couple’s shared assets and debts must be divided evenly in divorce. However, California is a dual property state, meaning the court recognizes both separate property and marital property or community property. “Separate” property is anything that belongs solely to one of the divorcing spouses, while community property is everything subject to division. While you might think this is a straightforward distinction, many divorcing spouses encounter disputes when it comes to their separate property ownership rights.

If you are preparing to divorce in California, property division is likely to be one of the most contentious aspects of the entire process. You may believe that you can easily identify your separate property and shield it from division. However, many people in this position discover that their separate property is not entirely immune from division in divorce. An experienced California divorce lawyer can help you complete your financial disclosure and establish separate property ownership rights, but it’s wise to know what your property division proceedings are likely to entail before you begin divorce proceedings.

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Divorce Mediation Vs. Litigation

Divorce Mediation Vs. Litigation

The divorce process is never an easy experience, even for couples who have reached completely mutual decisions to divorce without any second thoughts. The formal steps required to end a marriage in the California family court system are more stressful and time-consuming than many people realize, and it’s vital to approach this situation armed with valuable information that will help you make informed decisions about your options. One of the most vital considerations you must make is how you should go about handling your divorce. You don’t necessarily need to prepare for a difficult court battle; alternative dispute resolution can potentially offer a more streamlined, less stressful, and ultimately less expensive divorce.

Alternative dispute resolution allows a divorcing couple to avoid the typical stress, expense, and time commitment divorce usually entails. Divorce mediation has quickly become the most popular form of alternative dispute resolution for divorcing couples throughout California, and it’s essential to consider the potential benefits this process may hold for you in your situation. It’s also necessary to understand what the divorce litigation process involves and how mediation can help you avoid much of the litigation divorce usually entails.

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Everything to Know About Premarital Agreements

Everything to Know About Premarital Agreements

Marriage is one of the most important decisions an individual will ever make. There are many diverse factors that go into choosing a partner, and they can differ widely depending on the individual. What does not differ, however, is the human drive to protect ourselves in the event that these major decisions fail to work out. That’s why many individuals opt to create a prenuptial agreement before marriage. In doing so, they are protecting themselves from future financial problems.

Prenuptial agreements, also known as prenups or premarital agreements, can be especially beneficial for couples who bring significant assets into the marriage. Prenups are also popular for individuals who have experienced divorce before. However, a prenuptial agreement is not the right decision for everyone. To accurately assess if a prenup is right for you, it’s essential to understand the basics of what a prenuptial agreement entails.

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The Legal Process for the Division of Marital Property: Identification, Characterization, and Valuation

The Legal Process for the Division of Marital Property: Identification, Characterization, and Valuation

The division of property in a divorce case can be a very contentious issue—and for good reason. People feel pride and ownership in the things they have worked hard to attain over the course of a marriage. It’s only natural that most prefer to keep the assets they have earned, or at least take the time to decide how to divide them fairly.

However, it is important to recognize that California is a community property state, which means that all income earned, debt acquired, and assets purchased during the marriage are considered “community property” owned by the couple, not the individual. Because of this distinction, it is important for both spouses to understand the legal process of property division.

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Can You Sell Your House During a Divorce?

Can-You-Sell-Your-House-During-a-Divorce

When a couple decides to divorce in California, their house is often the most important asset to distribute in the settlement. Spouses often wonder if they can stay in the house, whether they can retain ownership, or if they should sell. It is crucial to develop an understanding of your options when you are in this situation, and a trusted divorce attorney is the best tool you can use to understand your alternatives and protect your interests.

If you and your spouse bought your home as a married couple, it is considered “community property” in California. In the case of a divorce, this means that the home’s value will be divided 50/50 between the spouses. Your options for keeping or selling the home are dependent upon your ability to reach an agreement that satisfies both you and your spouse. This could mean selling the house and splitting any profit evenly, but many couples reach an agreement in which one party purchases the other’s share of the home.

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It’s no secret that divorces can get expensive. The divorce between Dodgers owners Frank and Jamie McCourt exceeded $20,000,000 in fees! There are three fairly simple steps that every single person can take before and during marriage to make any potential divorce less expensive.

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