Category: Property Division
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What is Community Property in California?
We live in a community property state, which means the things you acquired during your marriage belong to both you and your spouse. But what is community property in California, and how will it impact your divorce settlement? Here’s what you need to know. What is Community Property in California? Figuring out property division can…
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17 Divorce Mediation Tips You Need to Know Before You Start Mediation
If you’re divorcing your spouse in California, you’ll likely consider mediation – many people do. In fact, mediation is the smart choice when you and your soon-to-be ex-spouse just can’t see eye-to-eye. And in some cases, the courts actually order mediation to help people resolve disagreements (particularly when it comes to parenting plans for their…
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Dividing a Business in a Divorce
When you’re a business owner going through a split, you need to know about dividing a business in a divorce. Do you have to give your spouse half of the company, will you have to sell it, or can you “buy out” your soon-to-be ex? Dividing a business during a divorce can be a big…
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Do Prenups Work?
Do prenups work? For most people, they do – but there are certain things that can make a prenuptial agreement unenforceable when you go to court. The language in a prenup has to be crystal-clear; otherwise, either party can argue it in court. Here are the basics about how – and why – prenups work,…
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Hiding Assets During Divorce
Hiding assets during divorce is a major problem – and if you’re caught doing so (or if your ex is caught doing so), you’ll face big problems in court. Here’s what you need to know. Hiding Assets During Divorce When your marriage is ending, your spouse may decide to hide some of his or her…
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Senate Bill 30 in California: New Law on Domestic Partnerships
Governor Gavin Newsom signed Senate Bill 30 last summer to balance out the law on domestic partnerships – and will soon apply to both same-sex and heterosexual couples. Here’s what you need to know. Senate Bill 30 in California: New Law on Domestic Partnerships Before Gov. Newsom signed Senate Bill 30 into law, domestic partnerships…
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California Divorce Law: Division of Assets
California divorce law and the division of assets can be confusing. Some things are community property and belong to both of you, and some things are separate property and belong to only one of you – and worse, some things are “commingled,” which means part of them belong to both of you together and one…
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Social Security and Divorce in California
Social Security can be a tricky thing to separate during divorce – but if you or your spouse receives it, here’s what you need to know. Social Security and Divorce in California In some cases, divorced people are allowed to receive a larger Social Security benefit than they ordinarily would on their own. That can…
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IRAs and Divorce
Like other assets, IRAs – individual retirement accounts – are considered community property in many California divorce cases. But IRAs in a divorce aren’t always considered community property; in fact, they can be pretty complicated to sort out. Here’s what you need to know about your IRA and divorce in California. Related: Divorce and pension…
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Dividing Retirement Assets in a Divorce
Dividing retirement assets in a divorce can be complicated – and in many cases, it requires preparing a QDRO and hiring a professional to get an accurate value. Even if it’s relatively simple, you’ll still need to account for it in your divorce settlement. In many cases, you’ll have to split some of what’s in…
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