In general, family courts disfavor “bad actors” or spouses who take deliberate steps to disadvantage the other party in anticipation of or during a divorce proceeding. Spouses owe each other the highest duties of good faith and fair dealing – even throughout the divorce process. Specific family law codes were…
Articles Posted in Divorce Finances
One Day Divorce – Is it Really as Good as it Sounds?
On March 1, 2014, the San Diego Superior Court began offering a “One Day Divorce” option at the San Diego’s Downtown Family Court. This pilot program provides the option for eligible parties to complete their entire divorce is just one short day. Sounds pretty amazing, right?! The goal of the…
Protect Your Finances in Divorce
One of the top concerns for the majority of family law litigants is protecting their financial well-being during the divorce process and beyond. Typically, all divorcing parties must make changes to their lifestyle in order to stretch their family budget enough to support two separate households. The reality in most…
Spring Cleaning and Your Divorce this Tax Season
During this time of year many people get motivated to clean out their closets and clean up their finances. If you are considering pursuing a divorce this year, you will also want to consider using some of that “spring cleaning” energy to prepare for the changes to come. There are…
Can a Child Support Obligation be Avoided by Filing for Bankruptcy?
Being awarded child support is very important for financial stability of the child support recipient and his/her children. Thus, the possibility of not receiving the child support that is owed can be detrimental. One question often in the minds of child support recipients is whether the payor spouse can avoid…
Can My Spouse Force me to Work?
One of the most common questions posed by supported parties to family law attorneys is “can my spouse force me to work?” Often times supported spouses are threatened by their high earning counterparts with statements like “you could be earning more money,” “you could be earning at least minimum wage”…
Obamacare May Make Divorce More Affordable
As we have previously blogged, healthcare can be a big financial concern for divorcing spouses. In many cases, one spouse provides health insurance for the entire family through his or her employer. However, upon divorce, the non-providing spouse must obtain his or her own health insurance. This can be a…
Divorce Disclosure Requirements and Offshore Assets
In divorce cases where the parties have offshore assets, those assets are generally not reported to the Internal Revenue Service (“IRS”). However, California family law imposes a strict fiduciary duty of disclosure on all divorcing spouses. Throughout the pendency of a divorce case, the parties are under an ongoing obligation…
How Will Divorce Affect My Social Security?
Divorce can have a devastating effect on many aspects of the parties’ lives. In some cases, the parties may not even realize the full effect of the divorce for years to come. For example, in the heat of litigation many spouses may not consider how divorce will impact their social…
How Does Divorce Affect My Credit Score?
Along with the emotional challenges of a divorce, financial challenges often also accompany a divorce proceeding. In relation to the many financial challenges, one question that often comes to the mind of our San Diego clients is: How does divorce affect my credit? The fact that you are now divorced…