For many people, one of the ultimate life goals they have is buying a home. That dream may seem like a nightmare if the couple gets a divorce. They will have to determine what happens to the marital home. There are several options to consider if you’re in this...
divorce
Do you know how much your divorce will cost?
When you sit down and start budgeting for divorce, it can feel overwhelming. After all, it’s not easy to know how much you’re going to have to spend. The truth is that there is no average cost for a divorce, and the cost of yours will be determined based on how easily...
Divorce and debts: How to share debt during divorce in California
In a divorce, most couples come up with plans on how to share the assets they have accumulated during the marriage but pay little, or no, attention to the debts. People rarely think about debt as something to be divided, mainly because it is never featured as...
If your ex keeps the house, they need a new mortgage
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...
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...
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...
