Divorce

When couples decide to divorce, partners often just want the emotionally draining process to be over, never taking the time to step back and take an in-depth look at finances. Most often, couples tackle monthly bills together, but with this change comes a new financial process in life. Preparation is vital to a successful Los Angeles divorce. Not Preparing for the In-Between Time…

You made the decision that it is time to move towards divorce. Now that you are working through the emotional upheaval of this, you have to also consider the financial implications and changes that will occur. Your mortgage is one of them. What happens to a mortgage after a divorce? What can you expect if you are moving in this direction? Factors That…

The sobering statistics in the U.S. show that married couples have a 50% likelihood of getting divorced. With these odds, it is best to have a clear picture of how partners expect marriage to proceed and possibly end if circumstances lead to divorce. Preparing now can keep an emotionally charged situation more manageable and help preserve your property, particularly an inheritance. Working…

A trust fund is a legal arrangement allowing individuals to designate assets into special accounts for the benefit of another person. These funds are managed by a trustee, acting for the use of the beneficiary. When a divorce occurs, some trust funds provide financial protections, tax benefits, and support for the beneficiary, while others do not. Working with a family law attorney…

One of the most stressful life events that a person can face is divorce. It can leave a person feeling unsure about many things, finances being one of them. Protecting your assets and understanding where you stand financially during a divorce takes some preparation. Each divorce is unique and comes with its own specific set of challenges. Your divorce may require different…

In California, divorcing couples who have $1 million or more in assets divorces are considered high net worth. Dissolving a high net-worth marriage requires a divorce lawyer specializing in protecting their clients’ financial future. Often, alimony and spousal support are applicable following a divorce. Each situation is different, but some things are essential for you to know. Whether you are requesting spousal…

Divorce is one of the most stressful life events that a person can experience. One of the stressors of dissolving a marriage is the uncertainty over finances. The division of assets can be difficult and feel very personal. Your real estate, physical property, investments, and money are all on the table in a divorce. This financial insecurity naturally creates anxiety. If you…

Worries over finances while going through a divorce are common. You may wonder how your assets will be divided. There are things that you should be aware of to ensure that your net worth is divided properly. A Los Angeles divorce attorney can help. What is Considered Community Property in California? California is a community property state meaning that anything that divorcing…

Dissolving a marriage is one of the most challenging things a person can go through, especially when it involves children and significant assets. Sometimes, it may seem like it would be better to walk away without anything to avoid the pain of the proceedings surrounding the divorce. But, as the pain becomes less acute, you will want to find yourself financially secure…