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Posts tagged "Property Division"

Prenups may streamline property division process, give insight

When individuals first get engaged, they may believe that they will always be willing to do anything for their future spouses. While this idea may seem comforting, it is not always realistic. Many California couples may find themselves facing divorce, the property division process and other aspects of ending a marital relationship. However, this possibility does not have to deter individuals from tying the knot.

QDRO may be needed when dividing property in divorce

When going through divorce, most people want to ensure that they get their fair share. Because dividing property in divorce can be complicated, it is understandable that this area can be a common point of arguments, stress and confusion. California residents may need to fight for certain assets and take extra steps to ensure that particular funds are divided.

Property division process: Should keeping the home be a goal?

Making decisions regarding how a divorcing couple should divvy up their assets can be complex. It is not unusual for individuals to have attachments to certain items and feel the need to negotiate harder for those particular pieces of property. However, California residents may wish to consider how the outcomes of the property division process could impact their futures before staying set on obtaining a certain asset.

Prenups could streamline the California property division process

Whether getting married for the first time or an additional time, asset protection is important. Because no marriage is perfect, the chance that a divorce could occur does exist, and California residents could find themselves facing the property division process. Most people do not want to enter such proceedings with uncertainty, and creating a prenuptial agreement could help.

California property division process: What about the mortgage?

Owning a home is a goal that many California residents have. In many cases, individuals purchase a home with their spouses soon after or even before marriage. When this occurs, typically both parties have an obligation to ensure that the mortgage loan on their home is paid. If the home is left to one person as part of the property division process in the event of divorce, who is liable for the mortgage?

Which assets are shielded from division in a California divorce?

If you are getting divorced in California, you can expect that you and your soon-to-be ex-spouse will divide the assets you have in half. Each of you will exit the divorce with half of what you accumulated during the marriage, including both assets and debts.

What you should know if you are fighting over pet custody

Hundreds of thousands of households across California have pets. And whether that pet is a dog, cat, bird or something else, chances are that it is considered a part of the family. Because of this, determining who gets the pet in a divorce can be a contentious battle.

Protecting your property with a prenup

In our last blog post, we discussed some of the basics of property division in California. We mentioned that one way to protect your property is to have a prenuptial agreement in place prior to getting married. In this post, we will look more closely at this type of document and what it can do.

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