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...
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...
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?...
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...
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...
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 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...
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...
