If you co-own a business with one or more business partners, and you have an imminent divorce, you may be concerned about how your ownership interest will fare when you get to the property division portion of the divorce process. In many instances, an ownership...
Divorce
Is your small business at risk when you file for divorce?
Your plans for life have probably changed a lot since you first got married. You may have never expected to go back to college and pursue an advanced degree or to inherit the company from a family member. However, you are now the owner of a successful small business. ...
Should your pets go with your kids in a divorce?
When you’re going through a divorce, one of the main questions to ask is who will have custody of your children. You and your spouse are both well-off, so you’re both equally able to provide for your children. You agree that they should share time in each home and...
How to protect your business from divorce
Far too often, couples fail to plan for what will happen in the event of a divorce. There are a number of reasons for this, but taking proactive measures to protect your own interests is often viewed in a negative light. An impression may be formed that if you try to...
How can I tell if my spouse is hiding marital assets?
When dividing property during divorce, a couple is required by California law to fully disclose all their properties and assets. California is a community property state, meaning that upon full disclosure, the marital property must be split evenly between the...
How do I help my teenage children cope with divorce?
Divorce can be difficult for the whole family. It can be especially tough on children when parents decide to use them as weapons. Specifically, divorce can have a serious impact on teenagers. Since teenagers are more independent than younger kids, parents sometimes...
More money could mean more to lose in a divorce
Sometimes, having more money does mean that you could have more to lose in a divorce. However, in California, there are laws requiring an equal division of community property. Any money in your accounts should be divided equally unless you and your spouse determine a...
Why you should avoid excessive spending during divorce
Spending money during divorce is inevitable. It will take months to resolve everything, and you have a mortgage to pay, food to buy and transportation needs. Sure, you have to divide your assets with your spouse, but the Court can't fault you for spending some of that...
What happens to your debt in a California divorce?
When you file for divorce, you and your ex will have to divide the property you share. Your bank accounts, your vehicles and even your house are subject to division in a California divorce. Community property rules give spouses an equal claim to assets and income from...
What could end spousal support after a divorce?
When you got divorced, your spouse convinced the judge that you must pay spousal support. Things have changed since then, and you may wonder if you can stop paying it. Spousal support is what many refer to as alimony. California judges may award it at their discretion...