When a family member dies and leaves debts, who must pay them? Family members, such as parents and children, are not responsible for the debt incurred by the deceased. The probate court will decide who is responsible. One of the first steps to be taken is to contact all debt holders and advise them that… Continue reading →
Posts Tagged ‘Assets’
Your spouse and the divorce papers
When you want a divorce but your spouse does not, how do you get him or her to sign the divorce papers? It usually is not easy. It will not help your case if you are bitter and angry, maybe even nasty. If you want your spouse to cooperate with you, be nice. Be polite;… 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 →
Divorce and estate planning
If you and your spouse created estate planning documents while you were married, it is important to revise them once your divorce is final. If you believe your ex-spouse is an unfit parent, make sure you appoint a guardian for any minor children in the event of your death. Make a point to have a… Continue reading →
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