If you're getting divorced in California, you'll need to be aware that some assets are easier to split than others. What are counted as marital assets and what are not will complicate matters. In addition, how your assets are classified will determine what...
Year: 2021
Divorce and a medical practice
Many doctors in California have a successful practice that serves as a private professional business. The success of this business model is well-known throughout society. However, medical practices are treated just like any other private business when a doctor gets...
A divorce with foreign assets
A high-asset divorce in California is sure to disrupt a couple's plans toward wealth. Breaking a marriage up will call for a change in how two spouses handle or use their money. Equity, which is to say a fair share, is what everyone wants during a divorce. Finding an...
Is legal separation the same as divorce in California?
Each state has its own regulations surrounding the difference between legal separation and divorce. California doesn't consider legal separation the same as divorce but requires some of the same steps as getting a divorce. What is legal separation? Legal separation is...
How to value assets in a high-asset divorce
When a divorce involves a large estate, it's critical to value assets appropriately. Overlooking the asset valuation process may result in a spouse receiving far less than they deserve. California litigants involved in a high-asset divorce should be aware of the...
Strategies to shield real estate assets in a divorce
In a California divorce, dividing assets of significant value can be complicated. For people in the real estate business, the challenges are magnified because the properties go beyond a family home. The property division can have an extensive impact on the person’s...
How divorce impacts California dental practice owners
No matter who you are, divorce is an experience that changes your life in many ways. For people who have significant professional accomplishments, divorce may cause even more of a stir with their complicated assets. In cases of a high-asset divorce where one or both...
Assessing the divorce rate between generations
There are many factors that might lead a California divorce. While these are frequently viewed as problems within the marriage, other issues might be relevant when gauging whether the union is destined to end in divorce. This could be important when thinking about...
Financial preparation to deal with divorce
Divorce can be a challenging time for people in California. While the personal and emotional effects of the end of a marriage can be substantial, there are also a number of financial and practical issues that must be addressed. Both spouses must become accustomed to...
You have choices on how to respond to a divorce summons
If you and your spouse have decided to part ways, your spouse might serve you with a summons and petition. In California, you have the option to respond in different ways to the summons and petition. But before you decide how to respond, you should read both the...