As a family law litigator, I see on a first-hand basis how much clients are shelling out just to get a divorce. The entire process can very quickly take a dramatic toll on someone both financially and emotionally. In today’s economy, most of us don’t have unlimited funds set aside…
Articles Posted in Divorce Finances
Statutes of Limitations between Spouses
Prior to marriage, it is not uncommon for people to incur debts or obligations to their significant others. For example, in a long term relationship a boyfriend might loan his girlfriend money for a down payment on a new car or money for car repairs. If the couple cohabitates, the…
Securing Spousal Support with Life Insurance
Spousal support is typically a contentious aspect of many divorces here in San Diego. Many divorcing couples spend a lot of time litigating the amount of spousal support to be paid by one party to the other. However, once the parties have settled or the Court makes a decision regarding…
Agreements Regarding Payment of College Expenses in Divorce Judgments
In a divorce where the parties are fortunate enough to have the funds to pay for their children’s college expenses, paying for college can be a major issue of discussion throughout the case. One parent may even give in on other issues to secure an agreement from the other side…
What Can I Do if My Spouse Lies About His or Her Income?
It is a common fear in family law cases that one spouse will lie about his or her income in order to avoid a high child support or spousal support order. This can become a serious concern if the spouse is self-employed or a business owner who can manipulate evidence…
Tax Deductibility of Lump Sum Spousal Support Payment
In California divorce cases parties often overlook the tax treatment of their proposed actions when negotiating settlement agreements. A husband might say, “I will pay you more spousal support than child support because our child is turning eighteen (18) soon and child support will terminate.” A wife might say, “I…
Bankruptcy and Divorce in California
In every California divorce proceeding, both parties must take a good hard look at their joint and individual finances. This is because, at the outset of the divorce process, both parties are required to provide an exhaustive list of all assets, debts, income and expenses. This aids in the division…
Is My Credit Doomed During a Divorce?
It seems like we all spend so long trying to build good credit over the years just for it to be ruined with a snap of the fingers. A divorce doesn’t have to be the culprit in ruining your credit. If you take certain measures while going through a divorce,…
I’m a Woman, I Won’t Pay Child Support, Right?!
“Real Housewives of Beverly Hills” star, Brandi Glanville, shared with the world on twitter that her ex, Eddie Cibrian, who is now married to singer LeAnn Rimes, is allegedly asking her to pay child support for their two kids. But could this even be a possibility? Word on the street…
Reasons to File for Divorce in the New Year
January is often referred to as “Divorce Month” because of the high influx of divorce filings. Many people look at the New Year as an opportunity for a new, fresh beginning. To many, this may mean more time at the gym, less sweets, or even an honest attempt to quit…