April 2015 Archives

Splitting up 401(k) during divorce requires core steps

One of the most challenging parts of going through a divorce is preparing for the financial aftermath of the dissolution of the marriage. Divorcing individuals in California may be especially concerned about how the divorce will impact their long-term retirement plans. However, splitting up a 401(k) as part of a divorce settlement can be less painful if an individual takes the proper steps.

Property division can be complex during divorce

The process of divorce can be complex for couples in California, particularly when it comes to dividing property. The state of California is considered a community property state. Therefore, divorcing individuals must equally divide both the debts and the assets they acquired while married when tackling property division during this type of family law proceeding.

Debt may cause conflict during divorce

One of the most contentious aspects of divorce involves the splitting of assets between oneself and one's soon-to-be ex. However, another major source of financial conflict during a divorce proceeding may be the division of debt in the marriage. A couple of tips may help individuals in California fight for their best interests when addressing such debt during a divorce proceeding.

Amicable divorce may benefit a person financially

Getting through divorce can be financially stressful, especially when the process of dividing marital assets and property is complicated. When two people cannot agree on the best way to distribute their assets, this only makes matters worse. However, aiming to be amicable can go a long way in achieving one's desired outcome in a California divorce.

Property division during divorce can affect business owners

Owning a business can be a source of pride for an individual in California. However, it can quickly become a source of heartache if that person decides to get divorced. A couple of tips can help divorcing individuals to protect their business interests while tackling contentious issues such as property division.

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