How will a gray divorce impact your retirement funds?
When someone is nearing retirement age, the last thing they expect is a divorce. However, it is becoming more frequent for couples over 50 to end their long-term marriage. Understanding how a gray divorce will affect your retirement is essential to making the best decisions regarding your financial future. Community property laws in California When […]
Understanding community and separate property in a divorce
A big part of the divorce process is dividing your property and debts. Property is anything with value or that you can sell or buy, such as your car, house and furniture. It includes things like your bank account, retirement plans and pension. Even if you and your spouse divide things informally, it’s necessary to […]
How to keep your finances separate during a divorce in California
Divorce in California can be a lengthy process and a hard adjustment. Someone who’s been sharing their finances with their spouse for a long time might not know how to separate these assets during the divorce process. A professional may give you personalized advice when it comes to your specific finances, but there are some […]
You may be able to keep the home in a divorce
California real estate is notoriously expensive. If you are getting divorced, it may make it more difficult to retain the family home as you simply may not be able to afford it. However, recent changes in the real estate market may make it easier to keep the house in a divorce. Your house is worth […]
How to reach an agreement on property division during a divorce
The decision to get a divorce is usually not easy. You pledged to spend your life together, and now you must decide who gets the TV and the treadmill. Worrying about who gets what may seem trivial when you are going through such an emotionally traumatic experience. However, dividing assets can be one of the […]