When it comes to marital property, many people find this to be a difficult point in their divorce. In the event of divorce, these matters become very important. – in fact, one of the biggest parts of divorce. How Marital Property is Divided Some states tend to follow the ‘common property’ rules. Many states, in fact,… Continue reading →
Archive for the ‘Inheritance’ Category
Protecting Gift Assets When You Are Going Through a Divorce
Let’s say that you have a grandparent that you are particularly close to, and they leave you a gift through inheritance that means the world to you. Flash forward a few years and you’ve got a marriage and an upcoming divorce that you believe may get kind of ugly. Because of this, you wonder if… Continue reading →
How Is A Business Divided During A Divorce?
Are you heading for divorce court? Do you own and operate a business that you inherited from your family? Owning a business in a divorce can cause the case to become far more complex and involved than it might otherwise be. Furthermore, you might get involved in heated litigation that has the potential to drag… Continue reading →
Inheritance and divorce
You and your spouse have decided to divorce. You know California is a community property state. What is to become with the inheritance you received from your dad? Don’t be alarmed; an inheritance received during your marriage is considered separate property. However, there are times when it can be considered marital property. One example is… Continue reading →
Inheritance considered separate property or marital asset?
When a couple starts dividing their assets as the divorce process goes into effect, any inheritance one may have received during the marriage is put on the table. The question arises – Is the money considered separate property or is it a marital asset? The answer is determined by whether the money was kept in… Continue reading →
Divorce and Inheritance
Under California law, when a couple divorces, each spouse is entitled to one-half of all assets accumulated during their marriage. If an inheritance is involved, that is not included; a gift of inheritance is considered separate property and is not required to be shared. Separate property is something acquired by either party before the marriage…. Continue reading →
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