Commingling of assets in marriage occurs when separate property belonging to one spouse becomes mixed with marital property owned jointly by both spouses. This mixing can happen when separate funds are deposited into joint accounts, when marital funds are used to...
There are many benefits to funding a 401(k). People can establish a sizable nest egg to augment pensions and other retirement benefits. They can also diminish their taxable income for the year. Many employers also make matching contributions to 401(k)s, helping people...
When you file a divorce petition, the paperwork then has to be served to your spouse. This indicates to them that the divorce is on the horizon and that the legal process is underway. It gives them a chance to respond to the petition. For instance, you may be seeking...
As the overall value and complexity of a marital estate increase, the challenges that arise during divorce also tend to increase. Spouses preparing for high-asset divorces may need to address a variety of unique concerns. From robust retirement savings and investment...
Legal separation comes with a common misconception: that it must involve physical distance. However, there may be couples facing financial limitations and housing constraints, while needing to prioritize children’s stability. So, they continue to live under the same...
For those divorcing in the Newport Beach area, one of the primary concerns most people have is whether they’ll still be able to afford the cost of living here after their marriage ends. That’s often particularly true for those whose spouse has a considerably higher...
Some couples jointly own businesses together, which can make a potential divorce more complicated. One option would be to sell the business. This makes it easy to split up the earnings, but it also means that the couple loses the company they built – which may also be...
If you own multiple properties and are facing divorce, you likely have concerns about what will happen to your real estate. Property division can significantly impact your financial future, particularly when substantial assets are at stake. Understanding how courts...
Most everyone knows about prenuptial agreements. They’re becoming increasingly common for couples of all ages and income levels who are about to marry. Fewer couples, however, consider the value of a postnuptial agreement. Whether a couple got a prenup before they...
When a couple with significant wealth divorces, a prenuptial agreement can play a key role in dividing assets. In California, prenups are legally binding if properly executed. However, there are limits to what they can control. Below are some of the key ways that...
