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?...
If you are considering a legal separation in California, you should know what to expect to prepare for the process. Here are some tips that can put you in a better position to minimize emotional turmoil and also protect your rights. Understand the process A legal...
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...
Some California couples amass sizeable art collections during their marriages. When the relationship ends, artwork collected during the marriage will be part of the marital estate and subject to division. Since art collections can be especially valuable, it is...
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...
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...
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...
