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Hiding Business Assets in a Divorce May Cost You

community property & divorce

When couples divorce in California, both spouses are required to disclose all assets. If one spouse owns a business, he or she may be tempted to hide business assets. This would deprive the other spouse of sharing in those assets as part of the divorce settlement or award. Hiding assets in a divorce is illegal, …

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California Spousal Support Myths Explained

Spousal Support

There are many common myths concerning the subject of spousal support in the United States. Spousal support is a complex subject and is an issue treated differently in California than in many other states. Additionally, spousal support questions are often resolved differently depending on any given couple’s unique circumstances. For these reasons, it is important …

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Prenuptial Agreement: Your Step By Step Guide

Prenuptial-Agreement-Your-Step-By-Step-Guide

A prenuptial agreement, or premarital agreement, in California is a contract a couple enters into before marriage that establishes the property and financial rights of each spouse in the event of a divorce. In California, the Uniform Premarital Agreement Act (UPAA) governs all premarital agreements. Marriage is a contract between a couple that comes with …

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Understanding Marital Property Division In A Divorce

California Community Property Law

One of the biggest stress factors in a California divorce is how assets and debts are ultimately divided. It is difficult to imagine all your hard work that went into acquiring your belongings only to have them divided between you and your spouse; many times, not knowing which spouse will end up with what assets. …

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