Luxury Assets and California Divorce: Yachts, Fine Art, and Collectibles in High-Asset Property Division
In high-net-worth California divorces, property division often extends far beyond bank accounts and real estate. Yachts, fine art, rare collectibles, jewelry, wine collections, and other luxury assets frequently represent millions of dollars in value. These assets are not only financially significant but also emotionally charged, making them some of the most complex and contentious items to divide. For affluent families in Los Angeles, how these assets are classified, valued, and…
Read MoreDissolving Long-Term Domestic Partnerships in California: Key Property and Custody Issues
Long-term domestic partnerships often involve the same level of emotional commitment, shared finances, and family responsibilities as a marriage. Yet when these relationships end, many partners are surprised to learn that the legal process can differ significantly. In California, dissolving a domestic partnership requires careful attention to property division, custody rights, and financial obligations, particularly when the partnership lasted many years or involved children and significant assets. Understanding how California…
Read MoreSeparate Property and Community Property Apportionment in Real Property During a California Divorce
Dividing real property in a California divorce can be complicated, especially when a home or other real estate has characteristics of both separate property and community property. Whether one spouse purchased the house before marriage, made mortgage payments using community income, or invested in improvements, determining the correct apportionment of real property requires legal expertise. At Fernandez Law Group, our Los Angeles family law attorneys and support staff guide clients…
Read MoreBenefits of Hiring an Attorney For a High-Asset Divorce
Going through the divorce process is a deeply emotional time. Sadly, it’s also the time to have a cool head in place to protect your rights and safeguard your assets, especially for divorcing spouses in high-asset divorces. One of the best benefits of hiring an attorney to navigate your high-asset divorce is that they are not emotionally involved in the breakup of the marriage. Instead, they can zero in on…
Read MoreWhat Will Happen to My Credit Card Points in a Divorce?
California is a community property state. During a divorce, California’s community property law requires a couple to craft a settlement dividing all assets and debts acquired during the marriage equally. If they are unable to negotiate a fair and equal division with the help of their Los Angeles divorce lawyers in order to sign a settlement agreement, then the matter goes to court and an impartial judge divides the marital…
Read MoreWhat Will Happen to My Airmiles in a Divorce?
California’s community property laws demand that all marital assets are divided equally during a divorce. With the complexities involved in dividing a household and what may amount to many years of acquired assets, you might think dividing airmiles is the least of a divorcing couple’s problems; however, the question of what happens to airmiles during a divorce is a surprisingly contentious issue for many divorcing spouses. For people who traveled…
Read MoreHow are Royalties Split During a Divorce?
A royalty is a sum of money paid to another person in exchange for using their property. Royalties may be paid to use a person’s music, art, photography, writing, or patented and copyrighted items. Any item that generates royalties is an asset, as is the income generated. Although the property that produces royalties is intellectual property, royalties are one of many types of assets subject to division in a California…
Read MoreIs My Ex Entitled to My 401K Plan in a California Divorce?
One of the most valuable assets possessed by spouses is their retirement savings. While 401K plans are treated much the same as other marital assets in a California divorce, there are factors to take into account when dividing these assets accurately. The following provides some general considerations and rules applicable to California property division, including 401K plans and pensions. For case-specific information, seek the advice of an experienced Los Angeles…
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