Articles Tagged with separate property

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Common Financial Mistakes Related to Divorce in California

Common Financial Mistakes Related to Divorce in California

Divorce can be one of the most impactful events of your life, and any divorce is likely to carry far-reaching financial implications for both spouses. So, if you are bracing for divorce proceedings, it’s natural to worry about your financial future and your responsibilities when it comes to resolving your divorce. The best thing you can do to ensure the most positive experience with your dissolution proceedings is to hire an attorney, and with their help, you can avoid some of the common mistakes people make during and after their divorces.

The attorneys at Bickford Blado & Botros have years of experience guiding clients through family court, and we know the financial challenges you are likely to face in your efforts to reach the best divorce resolution possible. With our help, you can approach the difficult financial issues you face with greater confidence and peace of mind.

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Understanding California’s Community Property Law in Divorce

Understanding California’s Community Property Law in Divorce

California is one of nine states that uses a community property statute to resolve property division in divorce. This means that all marital property in a divorce is subject to a strict 50/50 division in every divorce filed in the state. Some people believe the community property standard to be overbearing, often forcing divorcing couples to liquidate assets to divide the proceeds. Others carry misconceptions about what community property means and what is subject to division in divorce.

If you are preparing to divorce in California, it’s vital to understand the value that an experienced divorce attorney can provide in your case. Community property law may seem overly strict, but you still have the right to keep all your separate property in a divorce. A good attorney can help you retain your separate property ownership rights, complete your financial disclosure packet as quickly as possible, and approach property division with greater confidence, helping you secure the most favorable outcome.

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Benefits of Legal Counsel in a High Net Worth Divorce

Benefits of Legal Counsel in a High Net Worth Divorce

Any divorce in California can impose severe financial concerns for both spouses, but couples who control substantial assets and complex investments tend to have the most difficult times in divorce proceedings. A “high net worth divorce” was traditionally any divorce involving a couple with a net worth of more than one million dollars. By today’s standards, a “high net worth divorce” is likely to involve a marital net worth in the tens of millions or more.

If you are a high-net-worth individual preparing to end your marriage in California, it is natural to have concerns about the overall financial impact of your dissolution. It’s understandable to want to preserve as much personal wealth as possible and to only part with what you must under California state law. Your situation may be more complex than it appears at first, so it is always best to approach divorce proceedings with the help of an attorney you can trust.

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Can I Sue My Ex for Their Actions During Our Marriage?

Can I Sue My Ex for Their Actions During Our Marriage?

Divorce is likely to be one of the greatest challenges you face in life, and almost every divorce involves some measure of contention or unease between the divorcing spouses. While some couples can divorce amicably, others cannot. The emotional stress of their divorces and the underlying causes of their marriages’ breakdowns can make negotiation very difficult. It’s also possible that one spouse endured prolonged abuse during their marriage, and it’s natural to wonder if one in this situation has any legal recourse.

In a hotly contested divorce, both spouses are likely to wonder whether they have grounds for direct legal action against one another. However, if you suffered measurable losses due to your spouse’s actions during your marriage, or if the underlying cause for your marriage’s failure is their unethical, illegal, or outright abusive actions, you may have more options for addressing these details than you initially realize.

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What Are the Main Elements of a California Divorce?

What Are the Main Elements of a California Divorce?

Divorce is always challenging, but it is also often more complex than many realize as they begin their dissolution proceedings. Regardless of the reason for your divorce or the apparent complexity of the issues you believe you face, it’s vital to have legal representation as you navigate your divorce so you are prepared to meet the various challenges your case presents. While every divorce is unique, there are a few foundational elements that all divorces must cover.

As you search for a California family law attorney to represent you, it’s vital to evaluate the core issues of your divorce. At Bickford Blado & Botros, we provide our prospective clients with the information they need to make informed decisions about their family law cases. The following are the core elements of most modern divorces in California.

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How to Find the Right Family Law Attorney in California

How to Find the Right Family Law Attorney in California

Family law is a unique branch of civil law pertaining to legal matters among family members. Divorces, adoptions, child custody determinations, and spousal support determinations are just a few cases that would fall within the purview of family law in California. Therefore, if you are bracing for a divorce and need to resolve custody over your child or face any other type of legal issue about family law, it is vital to seek legal counsel from an attorney you can trust.

The right family law attorney can be invaluable, regardless of your case. If you take the time to find an attorney familiar with cases like yours and they have a solid track record of professional success behind their firm, you can significantly improve your chances of securing a favorable outcome for your case. With thousands of attorneys practicing throughout California, it can feel overwhelming to approach the task of retaining the right one for your case. The following are a few essential considerations when looking for legal counsel for any family law matter in California.

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Commonly Overlooked Financial Issues in Divorce

Commonly Overlooked Financial Issues in Divorce

Divorce is likely to be one of the most challenging experiences you will ever endure, and it’s important to approach the situation as informed as possible about the obstacles you are likely to encounter. Divorce is more than just terminating your marriage contract; it is also the legal process of assigning individual ownership rights over the property and debt you and your spouse jointly control.

Navigating any divorce can be incredibly difficult, but this is especially true for cases that involve complex financial issues. Do not assume that if you are not wealthy, you will not face significant financial concerns in your divorce proceedings. The following are some of the biggest financial problems that catch divorcing spouses by surprise as their cases unfold.

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Reasons a Premarital Agreement Can Be Voided

Reasons a Premarital Agreement Can Be Voided

A premarital agreement might be a valuable option for those who have assets they wish to protect in the event of a divorce. It’s important to use a highly qualified San Diego family law attorney to make sure the agreement is prepared properly. Even with careful preparation, there are situations where an agreement can be voided.

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How Is Pet Custody Determined in California Divorces?

How Is Pet Custody Determined in California Divorces?

Pets are an important part of so many people’s lives. It can be hard to fathom that so many states still treat them the same as community property, with no familial rights whatsoever. California took action to stand out in that regard in 2019 by passing AB 2274. This bill allows a party in divorce proceedings to request consideration of a pet animal’s care for awarding of sole or joint ownership.

For this law, care can include the prevention of harm or cruelty, providing food and shelter, or arranging veterinary care. Those tasks are not exclusive to providing care but serve as a broad baseline for the court to consider.

The law also does not specify specific animals that can serve as pets. Any animal that is community property for the couple and has been a pet in the household or a companion animal can be considered subject to this statute.

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Assets and Debts Under California’s Community Property Law

Assets and Debts Under California’s Community Property Law

Property division is one of the most important components of the divorce process. California is one of nine US states to uphold a community property law, which many people find unnecessarily rigid when dividing marital assets. Community property law requires all marital property owned by divorcing spouses to be evenly divided. There are very few possible factors that can alter the 50/50 division of marital property under this law.

If you are expecting to divorce in California in the near future, you must understand how the state’s community property law functions and its application to your assets and your debts. Unfortunately, many divorcing spouses overlook the fact that debt is divided the same way assets are divided in a divorce and, in many ways, evaluated along similar lines. Your California divorce attorney can assist you in approaching property division proceedings with greater confidence, and you and your spouse may have the option of resolving this aspect of divorce privately.

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