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Older spouses in California may benefit from learning more about how to emerge financially healthy from a gray divorce. Generally speaking, gray divorce is a term reserved for spouses age 50 or older who are ending their marriage. Separating spouses are often faced...
Because California is a community property state, almost everything you acquire during the marriage is equally owned by you and your spouse. This includes your investments, business and gains on any existing assets you had before the marriage. Continue reading to...
A divorce can be devastating for California residents over the age of 50. This is because it comes at a time when they should be considering retirement and setting up their estate plan. However, in a divorce, many assets are split 50/50 between the divorcing couple....
When a couple decides to end their marriage in California, they have two options: annulment or divorce. What’s the difference between the two, and which is right for you? Keep reading to find out. What is legal annulment in California? A legal annulment is a court...
Technically, stock options get similar treatment as all other marital assets in California when a couple is divorcing. That boils down to determining if the portfolio qualifies as "marital" or "separate" property. Divorce considerations of stock options All decisions...
One of the most important aspects of a divorce in California is determining the financial future of each spouse. This often includes figuring out what kind of work the individual can do. This is where vocational evaluation comes in. What is vocational evaluation?...
If you are considering a legal separation in California, you should know what to expect to prepare for the process. Here are some tips that can put you in a better position to minimize emotional turmoil and also protect your rights. Understand the process A legal...
California is a community property state, which means that in its simplest form, assets and liabilities are divided 50-50 when couples split up. However, the division of debt depends on several things, including the type of obligation. Community property and dividing...
Former California governor Arnold Schwarzenegger has officially divorced his wife of 25 years, Maria Shriver. The couple has been separated for 10 years, but their official divorce settlement was not reached until December 2021. Irreconcilable differences Shriver...
Some California couples amass sizeable art collections during their marriages. When the relationship ends, artwork collected during the marriage will be part of the marital estate and subject to division. Since art collections can be especially valuable, it is...
