Complex assets such as investments can be difficult to manage during divorce. When a person is in the middle of a high asset divorce, focusing on other matters might be more of an afterthought than a priority. However, since there are already financial implications associated with the divorce process itself, properly managing investments is important.
Understanding property division and family law in California
Family law in California is unique to the state, meaning that precedents or rules that apply elsewhere are not necessarily relevant during divorce. Some rules or procedures might be similar to those in other states, but one area in particular stands out. Unlike most states, California follows the community property concept for property division.
High asset divorce can diminish startup founders' wealth
It is an exciting time for tech startups. New technology is being created and developed constantly, and there are many qualified and experienced workers in California who are eager to work in this industry. Tech startup founders who have already achieved a certain level of success in their field likely already know how important it is to have a prenuptial agreement. Founders who are still in the early days or still getting ready to launch may not realize the implications of getting married without a prenup, and then dealing with a high asset divorce later on.
Child custody considerations in California
Rather than being governed by federal law, family law matters in California fall under state law. However, it is not necessarily helpful to consider cases or precedents established elsewhere since family law also varies from state to state. When divorcing parents need to address child custody, they should be certain that they understand California family law and how it applies to their situation.
How to protect current and future assets from property division
There are many steps that go into planning a wedding, but thinking about divorce usually is not one of them. This could actually be a mistake. California couples may want to look ahead at more than just future jobs or children and, in particular, consider what property division should look like during divorce. This outlook might strike some as distinctly unromantic or pessimistic, but it can actually prove beneficial in the long run.
Is mediation appropriate for child custody disputes?
Fighting with an ex over every small detail of a divorce might seem like the normal thing to do, but in fact many divorcing couples do quite the opposite. By using mediation it is possible to have a non-adversarial divorce in which a couple can resolve problems outside of court. Mediation is for more than just property division and alimony, too. Many parents in California have successfully addressed child custody matters during mediation.
Family law: New parents should consider postnuptial agreements
Prenuptial agreements are an excellent choice for individuals who are eager to protect themselves should marriage not work out. However, many people who have prenups do not realize that they may also need another important family law tool -- a postnuptial agreement. For expecting parents in California, creating a postnup could be one of the most important pre-parenthood duties.
