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?...
Divorce
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...
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...
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...
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...