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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.

Prenuptial agreement may help with property division in divorce

Splitting marital assets can be tricky during a California divorce, particularly when two divorcing individuals cannot agree on how to proceed with this. Property division can be even more complicated if two people own a family ranch or farm. Prenuptial agreements can be a huge help in divorce situations where high-value assets are at stake.

Asset and property division often an area of conflict in divorce

Divorce isn't always easy for people in California, as people are forced to juggle the emotional weight of the divorce along with the financial stresses associated with it. Communication and trust are usually low, which only makes the situation worse. Taking steps to ensure that a future ex is not illegally hiding assets will help a person to protect himself or herself financially when dealing with asset and property division during divorce.

Property division battle may arise when business partners divorce

When two married people in California decide to split up, the impact can have long-term financial repercussions. Especially complicated is when the two individuals own a business together. A couple of tips may help married individuals to address their shared business in a manner that is fair and mutually beneficial in the event that they get divorced and have to deal with property division.

Property division impacts those involved in later-in-life divorce

Getting divorced can be stressful for people at all stages of life. However, individuals over the age of 50 often have the most to lose in the event of a divorce, as they have had more years, or even decades, to accumulate wealth. Some tips can help individuals in California to protect themselves financially when dealing with property division and asset distribution during a marital split-up late in life.

Inheritance may be protected during property division

Getting a divorce can be tricky when two individuals are fighting over which assets are community property and which are considered separate property. While marital property has to be split during property division, separate property doesn't. A couple of tips can help people to safeguard an inheritance given to them when they get divorced in California.

Property division during divorce may involve family pet

People who are going through a divorce will likely disagree about who gets to keep the home or the kids in California. However, it's also common for the pair to not agree on who will get to keep the family dog. This happened in a recent out-of-state case involving property division, where a man ended up getting custody of the dog because the court said the wife treated the dog more like a human instead of a pet.

Pets often disputed during property division phase of divorce

People in the United States are often in love with their pets. Some treat them as their own children; they want to give them the best lives possible since these animals increase their own quality of life. The thought of having to part ways with a valued pet can be upsetting. However, if a person gets a divorce in California, that individual's spouse very well may end up with the animal following a court decision regarding property division.

California real estate property division hard during divorce

When a couple goes through a divorce, they may experience a range of emotions, from sadness to anger. This anger may become even stronger if the couple cannot agree on how to split their assets, specifically real estate, in California. A recent article describes the options that divorcing couples have when they can't agree on how to approach real estate property division.

Real estate property division may be improving

For California residents, a slowly improving real estate market may mean an easier path to divorce. Real estate property division is a significant factor for many who choose to end their marriage, and a depressed real estate market can lead some to delay filing for divorce until the chances of a successful sale have improved. However, recent property sale trends suggest that now may be the best time to file for divorce and begin the process of building a strong financial foundation for the years ahead.

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