Unlike most other states, California is a community property state, meaning most assets acquired during a marriage belong to both spouses. Nevertheless, many divorcing couples still have separate property that cannot be considered part of divorce proceedings. What...
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Cryptocurrency is not safe from divorce asset division
In some California divorces, individuals with cryptocurrency assets will attempt to hide them from their spouses. Hiding assets from property division in divorce is a growing problem for many people since the owners and recipients of cryptocurrency are not easily...
What happens to your pension benefits during a divorce?
As you and your spouse enter into the divorce process in the state of California, there are likely a lot of questions on your mind. One of the most concerning may be what happens to your pension. The reality is that your pension may be split, or you may be able to...
Facts to know about divorce as a business owner
California entrepreneurs who find themselves facing the process of divorce may worry about losing business assets to their spouse. Unfortunately, going through divorce as a business owner with a high net worth can be extremely complex. Understand that the business can...
Do you have to divide stock options in a divorce?
If you didn't sign a prenup, few assets are off-limits when you file for divorce in California. Even stock options can be divided between you and your estranged spouse during the asset division process. These assets might not have technically materialized into wealth...
How do you divide stock options in divorce?
California being a 50-50 state when it comes to property division in divorce, any eligible stock options would be divided half and half between you and your spouse. Unfortunately, you may encounter certain challenges when attempting to secure this type of division....
How does the community property law affect asset division?
Most states in the U.S. are equitable division states, which determines the classification of property for division during a divorce. California, however, is a community property state, which makes it a little different when it comes to dividing assets. This often has...
Do I split stock options during divorce?
Business leaders and managers go through divorces just like anyone else. However, due to the presence of complex, significant compensation packages, the process has the potential to become more complicated. Managing both expectations and outcomes would require a...
New California law creates pet custody in divorce
Unless there is a prenuptial agreement in place, among the most complicated matters in any divorce between high-income spouses is what to do with major assets, like a family-owned business, investments and real estate holdings. Some of these items may hold some...
Cryptocurrencies Challenge High-Asset Division in Divorce
Going through a divorce leaves high-net-worth spouses with complex asset division issues. In 2009, Bitcoin first announced its existence to the world. It took approximately 10 years before cryptocurrencies like Bitcoin became hot topics for people contemplating...
