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...
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Divorce
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...
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...
Facts about vocational evaluation in divorce
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?...
Dividing debt during the divorce
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...
Arnold Schwarzenegger is officially divorced
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...
What do you need to divide a qualified retirement plan?
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...
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...