Self-Employment and Divorce: What You Need to Know
Dealing with finances in a divorce can be a headache. Property division in California follows the community property rule; all marital assets are to be equally divided between the two spouses. While this sounds simple, many things can quickly complicate this part of the divorce. One such complicating factor is self-employment income, which may not be as easily verifiable or predictable like a salary. Today, many successful Californians are self-employed….
Read MoreRights to Residence: Can I be Kicked Out of My Own House?
When a couple comes to the conclusion that they want a divorce, one spouse will usually move out. If there are children involved, whoever is the primary care taker will generally stay with the children in the family home. For the children’s sake, this is often the best move. Moving out at the point of separation is sometimes what is best for a couple, however it is not a rule…
Read MoreStay at Home Spouses: What You Can Expect After Divorce
If you are a stay at home parent or homemaker, you might be worried about what your role will be after the divorce. Until now, your role has been in the home as a caregiver and a supportive presence to your working spouse. You may not be able to stay in that role going forward and so your goal in the divorce is to ensure your financial security is looked…
Read MoreTax Breaks for Parents: What You Can Expect After Divorce?
One of the many things that will change after divorce is your taxes. You will have a separate filing status and may be in significantly different financial circumstance. Dependency Exemptions One thing that can change is your dependency exemptions. There are many tax breaks for parents. You can claim a dependent on your taxes to reduce your overall taxed income and take advantage of possible tax credits. Some expenses from…
Read MoreWho’s the Father?: How Paternity is Established
Today, families come in many shapes and sizes. Families can begin and grow before a marriage and not all mothers and fathers are meant to be together. In these cases, you may have to establish paternity to gain certain benefits for your child. There are many reasons why you may want to establish paternity. If you are seeking child support or other benefits for your child, you will need to…
Read MoreWhere Does all the Money Go?: Uncovering Hidden Assets
As part of any divorce, both parties have to disclose their financial information to include income and expenses, assets and liabilities. It is with this important information that the court will determine child support, spousal support and any property division. Every disclosure filed with the court must be done in good faith and truthfully, however sometimes getting to that point is a struggle. Today, many successful people do not earn…
Read MoreTemporary Support: Who Pays for What During Divorce Proceedings?
Often, when couples decide to divorce or separate, one spouse will move out. They do so for a variety of reasons, but rarely are they financial. When one spouse moves out, another household will have to be maintained, especially if children are involved. While it is not required one spouse move out at the point of separation, when and if they do, the courts have allowed for something called temporary…
Read MorePost-Judgment Modifications: Can Spousal Support Change?
Spousal support is generally meant to be only temporary with the purpose of helping the supported spouse eventually become self-supporting. It isn’t payment for wrong doings or retribution for anything; it is awarded by the courts solely to ensure the spouse with less financial resources will not suffer greatly as a result of the divorce. It is also awarded in cases where there are minor children still at home. Both…
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