People often assume that because California is a “community property” state, each spouse in a divorce will walks away with half of their marital assets. This can result in a considerable change in a person’s standard of living – especially if they have a lower income...
When a couple gets divorced in California, they must divide the assets that they own. Most of the time, this endeavor starts with a process called disclosure, where they each report their assets to the court. The court can then work with them to divide things fairly...
Married couples plan their finances based on the income and needs of both spouses. Sharing financial resources allows a family to afford “more house” when purchasing real estate and can also affect how often the family goes on vacation and what schools children can...
Families with children in California usually want to pursue the best life possible for their kids, and that dream often requires an expensive education. Professional adults and hard-working individuals of every socio-economic class in California usually recognize the...
Many adults in California don’t learn about different laws until they require support in some crucial area of their lives. For example, many people do not know much about family law statutes until they choose to get married, need to get divorced or desire to add...
For couples to fairly divide their assets during divorce, they need to put together a list of what they own and establish what those assets are worth. For some couples where one spouse makes far more than the other, there may also be a need for spousal support, which...
Sharing custody is a challenge even when parents agree that they need to cooperate with one another. Logistical challenges, emotional confrontations and other issues can strain co-parenting relationships and stress the children in the family. Most parents who choose...
Divorce is often a choice made only after a lengthy attempt to resolve the issues affecting a marriage. Some couples go so far as to legally separate, thereby ending financial obligations to each other and largely severing their legal ties. Some couples in California...
In general, when a couple divorces, their assets and debts are divided between them. A time share is considered a marital asset, and its division will depend on the laws of the jurisdiction where the divorce is taking place. California is a community property state....
Establishing a reliable stream of passive income is frequently ideal for modern professionals. They can live their lives without being beholden to an employer or constantly chasing the next client. Passive income may result from invested resources, peer-to-peer...