Are you aware that there is a divorce waiting period when filing for divorce? This is to make sure that the couple is absolutely certain about ending their marriage. California law requires a six-month waiting period that begins the day of filing. After six months plus one day after the filing date, the divorce papers… Continue reading →
Posts Tagged ‘Assets’
Coping with emotions during a divorce
Anyone going through a divorce knows that regardless of the situation, there is a lot of emotional stress involved. It is especially difficult when the divorce is being contested and there is a lot of conflict, but even during a relatively peaceful process, individuals oftentimes find they are angry and depressed. Many individuals find they… Continue reading →
Marital debt division
When a couple gets divorced, they are faced with the dilemma of dividing up their debts as well as their assets. The division of marital debt and assets is a complicated area of family law. California Family Court has the right to divide joint debts between the couple, regardless of whose name is on the… Continue reading →
Divorce and money issues
Divorce is stressful enough, but when financial issues arise, the sky is the limit. During your divorce process, before the property division is decided: · Determine which assets are worth fighting for · Analyze the marital debt that is before you · Determine the status of retirement benefits, such as IRAs and 401Ks · Investigate… Continue reading →
Divorce and property division
Property division is about everything you and your spouse own. It is divided into real property and personal property. Real property includes your home and any land you own – while personal property includes almost everything else, such as furniture, clothes, pictures, bank accounts and any other financial accounts you and your spouse hold together…. Continue reading →
Marriage isn’t always forever
When a couple agrees to ‘for better or for worse’, does it mean that they are married forever? Today, there are marriages that last forever, but in Southern California, 50 percent of all marriages unfortunately end in divorce. When a couple agrees to ‘for better or for worse’ they are making a commitment to each… Continue reading →
What is guardianship?
A guardianship gives an individual the legal authority to have custody of, and protect and manage the assets and property of another. A guardianship can be over an estate, a person or both. It can be set up to be temporary, limited, or indefinite. Guardianships are usually created in the case of an elderly person… Continue reading →
Were you served with divorce papers?
If you were served divorce papers by your spouse, you just received formal notice that he or she has taken the first step to divorce action. First, calm down. Read the papers carefully and find the date you need to respond by. If you agree to a divorce, everything should run smoothly, but if you… Continue reading →
Rethinking estate planning
Being legally divorced puts a new stage into your life. One of the matters that should be revisited is estate planning. If you have an estate plan created, it is most probably revoked due to the divorce. You need to create a new plan. Why, you ask? You must now ensure that your ex-spouse will… Continue reading →
Disclosing assets
When a couple decides to end their marriage, one of the first steps they should take is reviewing their financial status. When a spouse does not accurately disclose his or her assets, legal sanctions and severe penalties can occur. California law requires every person who is a party to divorce proceedings to declare their financial circumstances…. Continue reading →
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