If you and your spouse get divorced, your home may be an asset that they would like to retain. To offset the value of other assets, you may agree that they can keep it -- especially if it doesn't mean that much to you. However, the home is seldom purely an asset. It’s...
Year: 2021
How do you know if your spouse is hiding cryptocurrency?
You may have tuned out your spouse whenever they started talking about their bitcoin and other cryptocurrencies. As long as they weren’t raiding your joint bank accounts or your kids’ college funds to buy large amounts of it, you really didn’t care. Now that you’re...
5 questions to ask yourself before a child custody hearing
As a parent, child custody will be your number one priority in a divorce. You might want to fight to have your child full-time. However, this is not always best. Try and set emotions aside when considering child custody Emotions can cloud your judgment during a...
Tips for updating your estate plan
While it is important for most California adults to have some kind of estate plan, it is also important to ensure that the plan is up to date. There are several elements you should focus on to make sure that the plan will still work for you and your loved ones. Roles...
Tips on planning for your divorce
Before you get divorced in California, it's important to prepare yourself as much as possible. Careful preparation can mean the difference between a quick divorce and a long, stressful legal battle. If you're prepared for your divorce, you'll be ready to tackle...
What are concerns with a “gray” divorce?
Divorces over the age of 50 occur, and they may occur with greater frequency than people realize in California and around the country. Several factors contribute to the rise of "gray divorce," ranging from disagreements over retirement finances, drifting apart, and...
How should you tell the kids about your divorce?
Generally speaking, you never want to mention divorce to your children until it’s a guarantee. Don’t bring it up as a possible outcome or talk to them about how you and your spouse are mulling it over. This just makes children feel stressed and uncertain. They...
How a divorce can impact your estate plan
It is generally in your best interest to review your estate plan after ending your marriage. This ensures that a former spouse can't inherit property, serve as your executor or otherwise benefit from your estate. In California, a spouse is essentially disinherited by...
Splitting debt in divorce
If you are going through a divorce, you might be concerned about how your assets will be divided. However, it is also important to consider how your debt will be divided. Since California is a community property state, the court may decide that debt acquired after...
Who is involved in a revocable trust?
If you're worried about how your assets will be passed down in California, a revocable trust can give you more control over the distribution of your assets, even after your death. Establishing a trust could also help you safeguard your assets while you're still alive...