One of the hardest things for some couples to do is to separate their assets during their divorce. In California, property is split 50-50 thanks to community property laws. However, you or your spouse may not agree with this division of property.
California is a community property state, but that doesn't mean that couples have to abide by a 50-50 split if they don't want to when they divorce. California's courts normally accept any reasonable or fair property division agreement that you and your spouse agree to. However, if you can't agree, you will need to go to court and have the Superior Court do so for you.
You have a great collection of artworks that you've been putting together for many years. Now, you're divorcing, and your spouse suddenly wants some of that collection, too.
When you are going through a divorce and have bank accounts, you will need to divide your marital funds. Whether or not your bank account is separate or marital property depends on a few factors that you'll have to consider.
California is known as a "community property" state. That means that property and other assets (including income) acquired by spouses -- separately or together -- during the marriage are considered to belong to both of them.
If 2019 is going to bring remarriage for you, you're likely confident that you're going into this union wiser than you were when you tied the knot the first time. That's probably true. One way to get off to a smart start on your marriage -- at least financially -- is to get a prenuptial agreement.
When you and your spouse are dividing assets in a divorce, your vehicles are likely not among your primary concerns. Likely, you've got assets worth far more. However, if you agreed to cosign on a car loan for your spouse or your spouse did that for you, you probably don't want to continue to have your names on that loan together.
It seems as though California should have been at the forefront of recognizing pets as the beloved family members they are for most of us when decisions have to be made about their fate in divorces. However, we're finally catching up to Alaska in how family law views them.
Just because you got married to your partner doesn't mean that you will trust each other throughout the entire marriage. Many marriages go through rough patches where trust becomes a focal point. A lot of marriages that struggle to stay together run into problems surrounding hidden money or assets. So, how can you determine if your spouse is hiding money?
The minute you know that your marriage has ended, you will likely start preparing for what's to come. This can be a lengthy process, especially if you have trouble coming to an agreement with your spouse, which was likely a main cause of the failed marriage. An important thing you need to know is you should never hide assets when divorcing.