When you’re going through a divorce with significant wealth, protecting your assets becomes your top priority.  Your financial future depends on understanding how courts divide property and what steps you can take to preserve your wealth. 1. Your assets get divided into two categories Courts will classify everything you own as either community property or separate property. Community property includes …

One of the key factors in determining how much spousal support (alimony) a person has to pay to their ex is income. The income of the payor and recipient are both considered.  Another important factor, however, is earning potential. While a person’s income typically shouldn’t be much lower than how much they can earn based on their education, experience and …

Southern Californians always have to be prepared to leave their homes – sometimes at a moment’s notice. Earthquakes and fires can leave people with mere moments to get out and get to safety. Torrential rains and flooding can also require moving to another location, at least until the worst is over. And those are just the acts of nature to …

Married couples often open a variety of credit accounts with each other. This can include things like the mortgage and car note, but it can also involve other types of credit like credit cards. There are also other debts, such as doctor, utility, tax and other bills that they have to pay.  Many people don’t realize that once they make …

Many people often consider reasons to keep their home when they get divorced, such as not wanting to go through a move or maintaining stability for children who want to keep living in the home. There certainly can be many good reasons to try to keep the family home. One spouse keeping the home is of the main three options …

Owning a home together is something many couples dream of and work hard to achieve. Hence, the home can soon become one of the most contentious points if the marriage does not last and they decide to divorce. What are your options for dealing with the home you bought together? 1. Sell it and move on Putting your house or …

Your parents left you an inheritance when they passed away. It’s a substantial sum of money, perhaps in the millions. It makes up a significant percentage of your net worth. Your spouse has now asked you for a divorce, and they claim that they should get to take half of that inheritance with them. After all, the two of you …

Selling a business during a divorce is a common outcome for joint business owners. Perhaps you and your spouse got married 20 years ago and soon after opened a business together. Now that you are getting divorced, you may feel that selling the business and splitting the financial value is the easiest solution. However, don’t assume that this is your …

The vast majority of people spend time on social media. If you’re on social media, you may use it to share what’s going on in your life. While this is considered normal, there are certain times when thinking carefully about your social media activity might be necessary. One of these is if you’re going through a divorce.  Social media is …

Becoming empty-nesters is always a major change for parents. They may have spent the last 20 years raising their children, and when the children move out of the house, it is quite a jarring shift. In some cases, this stage in life can trigger a divorce. The couple has been together for decades, but decides to end the marriage. Why …