When married couples run into strife and problems, they might consider ending their union. However, not all couples are ready to file for divorce since that is a permanent dissolution of the marriage. In some cases, and due to a variety of reasons, couples in...
Year: 2022
The complexities of a high-asset divorce
A divorce can be complex for wealthy California couples. The greater size of their financial assets can make these divorces longer, more expensive, and more challenging to settle. It is more important than ever to stay focused and pay attention to the details....
Steps to take to prepare for divorce
Divorce can be both costly and lengthy. For some California couples, the process itself can become more expensive if it is disorganized and chaotic. However, when you take steps to prepare for the process, you can make it more streamlined and efficient. Gather your...
Announcing your divorce to the children
Deciding to end your marriage is a hard decision. Telling your children about it might be even more difficult. But as parents in California have discovered, the way you approach the topic can help them begin to accept and understand the coming changes. The...
Dividing your assets and common mistakes
When you're going through a divorce in California, you might think that you should just divide everything that you own in half so that each person has something or so that each person has their own belongings. However, there are a few mistakes that you could make by...
Emerging financially healthy after a gray divorce
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...
Financial mistakes to avoid during a high-asset divorce
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...
What not to do when divorcing over the age of 50 in California
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....
The difference between divorce and legal annulment in California
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...
The influence of stock options in high-asset divorce
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...