Going through a divorce is stressful enough without your home adding to your problems. Is your home worth less than you owe on it? If this is your situation, you have options: · Short Sale – Your house is sold for less than the amount of your mortgage loan. The bank will not go after… Continue reading →
Posts Tagged ‘Divorce’
Dividing marital debts
In California, both parties in a divorce are liable for all debts incurred during the marriage. California Family Code Section 910 states, “The community is liable for all debts incurred before and during the marriage, but before separation.” Keep in mind that each party’s separate property is not liable for the other party’s debts –… Continue reading →
What is a marital separation agreement?
A marital separation agreement is a written contract that divides marital property, details your rights during this time, and details issues such as spousal support and custody. It may be drawn up before or after you file for divorce. If you decide to initiate divorce proceedings, the agreement can be attached to the divorce papers… Continue reading →
An end to spousal support
California law does not favor one spouse paying spousal support to the other forever. The court gives you the opportunity to revisit the issue of spousal support payments. When a couple has been married for many years, questions sometimes arise regarding spousal support modifications or termination. There are times when the court will end or… Continue reading →
Surviving divorce today
After the first few years following divorce, the standard of living for both spouses usually drops. During the marriage, both incomes were supporting one household – now they are supporting two. Divorce is a stressful situation; however, there are ways you can prepare yourself for your post-divorce financial future. · Develop a budget on necessities… Continue reading →
Pet custody
Today, the family pet is more than just a possession. He or she is part of the family – a child to the couple who does not have any children. To most pet owners, a dog or cat holds a special place in the heart and living without the furry friend can be devastating. It… Continue reading →
Will collaborative divorce work for you?
Are you contemplating divorce? Are you ready for a lengthy high-conflict divorce or do you want to make it easy on yourself? Do you think you and your spouse can agree on how to divide your property and share custody of your children? Or, are you in the middle of a high-conflict and sort of… Continue reading →
Divorce and the family home
Keeping the family home can be quite challenging during divorce, especially if the parties have little or no equity in it. Once upon a time, families owned their homes outright without any mortgage payments. Today is a different story – many mortgage payments cannot be made or worse, homes are in foreclosure. Today’s economy has… Continue reading →
Separating martial debt
In today’s economy, many couples owe astounding amounts of money for homes, cars and credit card purchases. When you’re in a relationship, it is easier to pay the debt, but what happens when the marriage ends up in divorce – who is responsible? When a couple files for divorce, they first think about their assets;… Continue reading →
Divorce & spousal support
Spousal support is a key part of any divorce and can be awarded to either of the spouses. It is often one of the most difficult situations to deal with in the divorce process because it affects the current and future lifestyles of both parties. No one wants to be hindered financially by the payment… Continue reading →
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