If you have been thinking about ending your marriage, you probably already know you and your soon-to-be ex-spouse must divide the marital estate. While some assets, such as your home and cars, are easy to identify, some may be more difficult to track down. While there...
The majority of California residents are likely familiar with prenuptial agreements. However, a new trend that has started to catch on is postnuptial agreements. These are written agreements signed after the couple is legally married that helps to outline how assets...
Older adults in California who get a divorce may face certain challenges that are specific to their age group. There are both financial and emotional implications for people in this situation. Financial issues Adults who are near retirement age, or even past...
Your divorce in California might have been finalized, but there's still a few tasks you'll have to complete to ensure that your finances and assets are completely separate. Otherwise, your former spouse might be entitled to a share of your assets and benefits. Here's...
Whether you must pay federal taxes on spousal support depends on when you were divorced. For older divorces, it may also depend on how well you negotiated with your ex-spouse. California state taxes have different rules than federal ones on spousal support taxes....
There is a good chance that your teen will experience a variety of emotions after learning about your divorce. It isn't uncommon for teenagers to have trouble sleeping, experience a decrease in academic performance or become defiant in the weeks or months after their...
California is a community property state, which means that joint assets get divided 50/50 in a divorce settlement. In many cases, joint debts are also divided equally between yourself and your spouse. Depending on the specific facts in a divorce proceeding, courts may...
Many older couples wind up in divorce, which brings up the need for retirement income. When a marriage lasts at least 10 years, a spouse becomes eligible for Social Security benefits based on the spouse’s earnings record if a divorce ends the marriage. Social Security...
If you are considering a "gray divorce" in California, you will need to be prepared. For context, a "gray divorce" is a marital split after the age of 50 when a couple is beginning to plan for retirement. Since many of the decisions that you make will impact the rest...
In California and around the country, the term "gray divorce" is often used. This is what it is called when couples over 50 years of age decide to end their marriage. The issues in the divorce will largely not relate to children. Instead, there will be financial...
