They are. And that can be a very, very emotional issue for a lot of people. Many times, after a house, a pension is going to be the single biggest asset that exists. And a pension is oftentimes interpreted as the sweat equity of the employee who went to work each day and who created […]
Financial Issues
Is there a consequence if somebody doesn’t disclose assets and they are found out as not having disclosed those assets?
Absolutely, and they can be quite severe under California law. For the most part, California is what is called a no-fault state. The court isn’t going to spend a lot of time asking why the parties are going to get divorced. They are just going to accept the representation that the marriage is at an […]
What happens in a case of shared debt?
What happens in a case of shared debt? For instance, if one spouse started a business during the marriage and lost money, are both of the spouses equally responsible for that debt?
What happens in the case where one spouse thinks that the other spouse is hiding assets, what can be done about it?
Well, that doubt is not misplaced. Unfortunately, there are lots of folks who, once they go through a divorce, invest a lot of time and energy in trying to conceal information. In fact, it is a problem that is so severe and so significant that, here in California, our legislature has actually enacted very, very […]
What happens when one spouse has been the stay-at-home spouse and the other one has been out working…
What happens when one spouse has been the stay-at-home spouse and the other one has been out working, and the one that’s working feels they shouldn’t have to give half of their assets to their spouse. Is there anything they can do about that?
John Harding, a California Family Law Attorney, on Asset Division, Child Custody, and Spousal Support
There are many highly emotional issues associated with divorce that may become matters of contention, especially when the parties are unaware of the advantages of finding a compromise. From determining child custody to the division of marital assets, it is important to be able to recognize the consequences and effects that your decisions may have […]
Is it appropriate to use a “model” QDRO template provided by the Plan Administrator?
The model QDRO template provided by the Plan Administrator is free, so why can’t we use it?
Protecting Yourself from Post-Divorce Bankruptcy
The threat of a potential bankruptcy is, in all too many divorces, a real one that should not be ignored. Recognize the warning signs and learn how to protect yourself.
Podcast: Ken Bloch on New Insurance Protecting Future Disability
Ken Bloch, Financial Advisor and Founder of The Bloch Agency, talks about a new insurance product that reduces future financial stress for those in divorce.
Link Between Divorce & Bankruptcy Solidifies As Divorce Rates Rise
Divorce rates and the financial challenges faced by divorcing couples are on the rise, placing married couples at a higher risk for both divorce and bankruptcy.
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