Today, more Americans than ever are choosing to live together rather than get married, which was made apparent in the Census data which showed that the number of live-in couples in the U.S. rose 25 percent between 2000 and 2010. It is important for unmarried couples to note that they do not have some of… Continue reading →
Posts Tagged ‘Assets’
Preliminary Financial Disclosures
Preliminary financial disclosure is a mandatory part of getting a divorce. It is important that, when disclosing your debts and assets, you are as honest and transparent as possible. If you or your spouse are found to have purposely omitted any pertinent information, the consequences will affect both parties. When accounting for all your assets,… Continue reading →
Annulment
When a couple says, “I do”, it is supposed to be forever or “until death do us part”. Unfortunately, this is not always the case. In most states, divorce may be the most common legal process for ending a marriage, but it may not be the only option available. Depending on your circumstances, it may… Continue reading →
The California divorce process in 4 steps
Initial Filings – The Petition and Summons In order to start the divorce process in California, one spouse files for divorce by filling out two very basic court forms: the “Petition” and the “Summons.” This initial paperwork is filed with the court, and then served upon the other spouse. After being served, the other spouse… Continue reading →
Common Property & Divorce
Many family legal issues can come up during a divorce process. For example, if Kobe Bryant’s California divorce proceedings were to resume, it could cost the basketball player an estimated $1.36 million a month. There might be many other family law issues presented by the potential high-asset divorce if it were to proceed as well,… Continue reading →
Understanding Common Law Marriages
Have you been living in the same home with a significant other for an extended period of time? Does your relationship feel like a marriage, even though neither one of you wants the formality of a big ceremony? You may already be married under the law. Cohabitation over extended periods may lead to what is… Continue reading →
Things to do before a divorce
It can be very stressful and emotional when an individual considers the dissolution of his or her marriage. If you are thinking about filing for a divorce, make sure you are prepared to do so. In order to avoid some common pitfalls associated with divorce, consider the following before doing anything: · Make sure you… Continue reading →
What is marital debt?
Although divorce involves many aspects of household dissolution, the matter of marital debt remains a complex matter. Marital debt is debt incurred during the course of the marriage. As if the emotional trauma of a broken marriage is not enough, the separation of a pair of personal lives is magnified by the separation of economic ones. Now,… Continue reading →
Divorce and debt allocation
The allocation of debts is one of the most important issues to settle during a divorce. It is always best if the couple can decide on their own how to separate their assets and financial debts. However, in too many cases, the parties cannot agree on this matter. In such cases, a family court judge… Continue reading →
Preparing for divorce
Divorce is a complicated process, financially, legally, and emotionally. With careful planning, you can make your divorce process less stressful. The following are ways to help you get through your divorce: First, contact a reputable and experienced Orange County Divorce attorney If you can afford to, find a new place to live Open a bank… Continue reading →
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