How Property and Debts are Divided in a California Divorce
California is a community property state, which means that all those assets and debts that were acquired during the marriage are considered owned—and owed—equally.
How Retirement Assets are Divided in a California Divorce
In many cases, it’s a retirement account. California is a community-property state: meaning that in a divorce, assets are divided in half—including IRAs, SEP IRAs, Roth IRAs, 401(k) 403 plans, Keoghs and other pension plans.
How Remarriage Affects Alimony in California
When a spouse receives alimony, it is either a temporary measure that allows a spouse to continue the standard of living to which they are accustomed while the divorce is pending, or it is permanent, whether by court decree or through a negotiated settlement.
Determining Alimony: Factors Courts Will Consider in Addition to Income
Alimony, also known as spousal support or maintenance, is intended to allow a spouse who earned lower or no wages during the marriage to continue the standard of living they had during the marital years.
New Tax Bill Will Complicate Alimony in California
If your divorce was finalized before the end of 2018, the IRS rules for deductions include, among other things, that the alimony must be paid in cash or by check, that the payment is not for child support and that you and your spouse are not filing taxes jointly.
How to Respond to Being Served Divorce Papers
Whether you want somebody to review the petition or feel you will need legal representation, it is essential to choose a lawyer who will be a strong advocate for you.