Divorce can lead to a great deal of financial uncertainty, and receiving your fair share may depend on having a comprehensive understanding of your household finances. If your spouse hides assets, you may enter the next stage of your life without the financial...
Property Division
Stave off perils of Silicon Valley divorce with a prenup
It is easy to equate the term “prenup” with an exaggerated, Hollywood-esque version of the stereotypical filthy rich man trying to shield his massive wealth from a poorer spouse. There’s no denying that this scenario has likely played out many times over the years,...
Decide wisely when splitting your community property
California is a community property state. What that means in terms of your San Jose divorce is that marital assets are split 50/50 by the court. Under these circumstances, it is especially important to know the true value of all of your property when seeking a...
Who gets the dog in the divorce?
Prior to 2019, when then-Gov. Jerry Brown signed a bill into law, pets were treated as simply property to be divided in a divorce. While the new law did not elevate your dog's or cat's status to that of a child in a divorce, it does give family law courts criteria to...
Tips for dividing community property
Splitting your community property in your San Jose divorce can be quite stressful and expensive to litigate, That makes it even more important to negotiate for the items that will be especially helpful to you going forward once you are single.Read on for some tips...
Debts as well as property get divided in divorce
When you file for a California divorce, you probably know that you will be dividing your community property. But don't forget about the other things that also must be split — the shared debts.While it is never pleasant to haggle over property settlements, at...
Splitting an IRA in divorce after getting distributions
People in San Jose who get a divorce and who need to split a defined benefit pension plan or a qualified retirement plan need a document known as a qualified domestic relations order. If they have retirement savings in an IRA, they simply need a copy of the divorce...
Are debts divided differently from property?
As we discussed earlier, California is a community property state. This means that all property obtained during a marriage is considered jointly owned, with some exceptions. In community property states, the property is divided as close to equally as possible. But...
What is community property division?
In San Jose, divorcing couples like you will have to figure out how you want to divide your property. California is a community property state, meaning almost anything acquired during the duration of the marriage is considered jointly owned by both parties and is...
How to separate finances
When California residents get a divorce, they may only think about separating their physical belongings when they begin to divide their property. However, it is just as important to divide finances, especially as this may be more complicated.People usually have to set...
