Financial

The question of inheritance is a major concern for anyone facing divorce. The good news is that your inheritance is separate property in divorce if you kept it separate, avoid spending it, and have records that trace the funds back to the original inheritance. Inheritances Start as Separate Property When you receive an inheritance during…

Divorcing couples in California must comply with financial disclosure requirements to ensure that there is a fair division of property and assets. These disclosures provide transparency and accountability in the divorce process. Here is a breakdown of what is required and the consequences of failing to disclose. What Must Be Disclosed? Income: Whether you’re an…

If you’re trying to anticipate the average cost of divorce in California, you’ll quickly realize there’s no typical amount. It all depends on how much legal representation you need, whether you have children, the complexity of your assets, and how many issues you need to resolve. To help you develop a realistic budget for your…

If you’re preparing for your divorce mediation sessions, it’s time to get organized. In order to make informed decisions, you’ll need to gather several documents about your finances, insurance, and taxes. This blog provides a comprehensive divorce mediation checklist – everything you may need during your mediation. But don’t panic at the size of this…

Couples who have spent a lifetime together sometimes decide to go their separate ways as they get close to retirement. If this happens to you, you may worry about the retirement accounts you have accumulated during your career.  In California, a community property state, courts typically divide retirement accounts like any other asset. Besides owning…

For most couples who divorce, whether amicably or not, the house is their biggest asset. Between the added emotional attachment and the perceived upheaval that comes with children potentially having to move, the question of “what to do with the house” becomes a financial, emotional and parenting dilemma all wrapped up into one gut-wrenching decision….