Real estate is often the biggest investment that people make, and most do not even realize it. Purchasing a home is a significant life step and investment that many California couples are happy to make during their marriage. However, depending on the type of property, its worth and personal feelings, dealing with real estate during a high asset divorce can be quite a task.
It is relatively normal for one spouse to outearn the other in a marriage. For any given couple this could be for a number of reasons. One person might be employed in a career that has higher average rates of income, or maybe another has more education than the other. In other cases a spouse might have chosen to leave the working world to stay home and care for children. In these situations, alimony usually comes up.
Creating a prenuptial agreement is a good idea for many California couples. However, maybe you did not think you needed one or did not understand the full range of benefits associated with a prenup. Even if you initially decided against a prenup, it is not too late. You can still address family law matters like property division and more through a postnuptial agreement.
Retirement assets generally comprise a sizable portion of California couples' assets. When it comes time to divorce, how to treat these assets during property division is a serious question. Most people want to avoid taking any penalties or encountering tax consequences for making withdrawals, but are unsure of how to do so. A Qualified Domestic Relations Order is usually the solution.