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Property Division

How do you handle property division in a gray divorce?

On Behalf of Cullen Family Law Group | Dec 3, 2024 | Property Division

As you approach your golden years, you might face an unexpected challenge: divorce. Gray divorce, or divorce among couples aged 50 and older, is becoming increasingly common. One of the most complex aspects of this process is property division. The complexity of...

Protecting your separate property in California

On Behalf of Cullen Family Law Group | Sep 16, 2024 | Property Division

Congratulations on your upcoming wedding! As you prepare for this exciting new chapter, it's essential to consider how to safeguard your separate property (SP) in California. Here's what you need to know about keeping records and proving that the money you used for a...

What happens to your joint business if you divorce?

On Behalf of Cullen Family Law Group | Aug 19, 2024 | Property Division

Having a company and earning a substantial income from it is a blessing. However, in the context of divorce, a business can potentially become an issue. If you have a business together with your partner, how will it be split up during the divorce? California laws on...

Retirement account division in a California divorce

On Behalf of Cullen Family Law Group | Jun 21, 2024 | Property Division

Property division is often one of the most complex parts of a divorce. Many couples are worried about losing financial security by splitting assets with a spouse, particularly valuable assets such as retirement accounts. Typically, retirement plans are considered...

Overview of community property and separate property

On Behalf of Cullen Family Law Group | May 17, 2024 | Property Division

Any of our readers who are contemplating a divorce in California might know that this state follows the community property approach, which is different from the vast majority of the other states. Understanding the differences of this approach to divorce, as well as...

Do I need to update my estate plan during or after divorce?

On Behalf of Cullen Family Law Group | Mar 8, 2024 | Property Division

Ensuring your estate planning documents are up to date during or after a divorce is crucial. Understanding its significant impact on your financial and personal affairs and whether adjustments are necessary for your estate planning documents can have a significant...

How to prove your property is separate in divorce

On Behalf of Cullen Family Law Group | Jan 22, 2024 | Property Division

When it comes to property division, California is a community property state. Community property, sometimes referred to as marital property, consists of assets and debts that you and your spouse accumulated during your marriage. California law states that community...

What are my options if your spouse files their taxes separately?

On Behalf of Cullen Family Law Group | Jan 15, 2024 | Property Division

Navigating the complexities of taxes during a marriage in California requires careful consideration of filing options. Couples in the state can choose to file jointly or separately. Each option carries its own sets of advantages and drawbacks, especially if a spouse...

Divorce costs and property division in California

On Behalf of Cullen Family Law Group | Nov 8, 2023 | Property Division

Anyone who is going through a divorce in California knows that there are several serious legal issues that will need to be addressed. These can include property division, first and foremost, but alimony is also another big issue, while for those with minor children...

Can a custodial parent live in and defer sale of a marital home?

On Behalf of Cullen Family Law Group | Oct 25, 2023 | Divorce, Property Division

Property division in a California divorce is often viewed from the perspective of which person gets to retain what. That could include bank accounts, investments, real estate, automobiles and items of sentimental value among many other things. However, other...

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