If you have never been married before, you are probably used to your property being just yours. When you get married, however, everything changes. After you get married, your income and property may become marital or community property. Everyone who is married or plans on being married should be aware of marital and community property… Continue reading →
Archive for the ‘money & property’ Category
Cohabitation Property Rights for Unmarried Couples
When an unmarried couple lives together, it is very important that they create a property agreement that explicitly states who owns what if the couple separates. Unmarried couples that live together long-term are likely to acquire a great deal of shared property. Without any kind of legal agreement, you are at risk for conflict or… Continue reading →
Alimony & divorce
Alimony is also known as spousal support. Alimony, or the amount (in dollars, property, etc.) of spousal support that one spouse will provide to another during divorce or separation is determined by many factors that can include the length of the marriage, the support during the marriage, and is considered a continuation of that support… Continue reading →
Can I claim my child as a dependent?
According to the Federal Tax Code Section 152(e), “A custodial parent is generally entitled to the personal exemption for a qualifying child when the child: · is under the age of 19 at the end of the tax year · is under the age of 24 and a full-time student · is your biological, adopted,… Continue reading →
Improve and Maintain Credit After Divorce
When you and your spouse obtained credit together, you entered into a contract agreeing to pay your bills. When you divorce, this contract does not dissolve; each of you remains fully liable for your debts. You can employ a few tactics to make sure your credit obligations do not make your divorce more difficult, like… Continue reading →
7 Common Tax Questions After Divorce
Questions about your taxes are common during and after the divorce process. Luckily, your attorney can help guide you through the process. Be sure to consult your family law attorney to clarify anything that might be troubling you. Below, are the 7 most common questions during and after divorce is resolved. Which parent claims the… Continue reading →
Divorce and Division of Assets
When you are going through a divorce or dealing with serious family law issues, it can be difficult to focus on your future. Divorce is almost never an easy process, and the decisions you make during this time can affect you and your family for many years to come. If you believe you cannot make… Continue reading →
Because I said, “I do”
Marriage isn’t just spending the rest of your life with the one you love, it comes with a numerous legal rights and benefits that you may not know about. Whether or not you favor marriage as a social institution, there’s no denying that it confers many rights, protections, and benefits – both legal and practical…. Continue reading →
Are lottery winnings marital property?
Congratulations on your lottery win! Now, stop and think. When did you win the lottery? Was it before or after you separated? If you won just a few dollars, or even $100, you may not need to be concerned that the winning will affect anything in your divorce settlement. But, if you made it big,… Continue reading →
The Divorce Process; Who Get’s What?
Once your divorce papers are filed and served, neither spouse can sell property, remove children from the state of California, or change insurance policies. During the trial permanent orders are awarded regarding child custody, visitation and child support. The property, assets and debts are divided. California is a community property state which means the property… Continue reading →
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