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property division Archives

Protecting your inheritance during property division

Inheritances are often deeply personal, and most have significant amounts of both financial and emotional wealth. For these reasons, protecting an inheritance during marriage and divorce is essential. It is not uncommon for a California resident to file for divorce and then discover that his or her inheritance is considered community property, and as such subject to property division.

Address property division and more with a postnuptial agreement

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.

How retirement accounts factor into property division

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.

Preserve your retirement stability during property division

Divorce is an unavoidable part of life for some people, but it does not have to be a wholly negative experience. While many California couples understandably struggle with the emotional aspect of ending a marriage, a measured and careful approach to property division can make the legal side of things somewhat easier. However, even those individuals who are focused on preserving their financial stability after divorce can overlook something very important -- retirement.

Property division decisions can impact credit scores

Financial security following a divorce is an issue that should not be overlooked. It can be easy to overlook the small details or long-term implications of decisions made during property division, particularly when the initial effects might feel immediate. However, forgetting about things like credit scores and how these numbers can impact future finances can lead to undesirable outcomes for California residents.

How to approach property division in a California divorce

Divorce is more than just a legal process to separate the lives of a married couple. For many people in California it is also an emotional journey, which can make addressing things like property division difficult. From angry exes to questionable information about assets, here are a few things that can help make the divorce process better.

How to handle your family business during property division

Starting a business with a spouse might seem overwhelming at first, but many California couples find this to be a lucrative and exciting option. However, there is a chance that starting that business might feel easier than splitting it up during property division. For married business owners who are ready to divorce, dealing with business matters can be extremely complicated.

Is your ex hiding assets from property division?

Creating a sense of financial security for life after divorce requires more than a single-faceted approach. From securing essential post-divorce payments -- including alimony and child support -- to obtaining half of the marital assets during property division, California family law provides ample opportunities to ensure that a person is not financially stunted from divorce. Unfortunately, some individuals try to circumvent these protections by hiding assets during their divorce.

Second marriages and property division -- consider a prenup

Getting married is an exciting and magical experience, but those who are ready to tie the knot for the second time around may understand just how important it is to be prepared. Prenuptial agreements can be especially helpful in this regard. Not only have these individuals already dealt with property division before, but they also understand that divorce is a reality even for the seemingly happiest of California couples.

Keeping separate property out of property division

As young adults in California prioritize their careers, they tend to put off marriage until a later time. The intervening years between establishing a career and tying the knot are often a prime opportunity to accumulate a large amount of personal property, and combining those items during marriage is not always easy. When dealing with separate and marital property, keep the following in mind to avoid huge property division headaches.

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