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Divorcing close to retirement age could put you at risk of financial hardship if you don't know how to protect your assets and minimize your expenses. You should take a hard look at your finances before beginning the process. California is a community-property state,...
California spouses who are beginning the divorce process need to understand how assets are divided up. It's important for them to realize that some assets are harder to divide than others. One of the most difficult to split is a retirement account. Determine separate...
Half of all marriages now end in divorce. There are many reasons people get divorced in California, which include communication problems as the conflict becomes more heightened. Many people also fall out of love and no longer have intimacy. This can cause the spouse...
Once you decide to file for divorce in California, your spouse can be eligible for their share of your 401k. Dividing retirement accounts is one of the most lengthy and complicated parts of the divorce process. Any funds that were contributed to the 401k during the...
When you go through a divorce, the value of the assets acquired during the marriage has to be calculated, which includes a business. If only one person in the marriage operates or runs the business, it's often awarded to the person who manages it. If both spouses are...
A persistent misperception is that the division of assets and distributions of debts in a community property state like California is easier. The thinking is that all a court must do is split everything in half. In fact, the matter of dividing property and debts can...
Some couples in California might struggle in their marriage and decide that staying together might not be the best thing at that moment. For some, divorce is the next step, but others might not be ready to sever ties permanently. Couples in this situation might opt...
The process of going through a divorce is not a one-size-fits-all proposition. Many people seeking to end a marriage in California do not realize that there are different types of divorce, each with its own pros and cons. Two of the most common types of divorce are...
Many parents in California are aware that child support is meant to cover the child’s basic necessities. However, some parents are not aware of the additional expenses that child support needs to provide for. Divorced parents may wonder about the intersection between...
