Bartholomew & Wasznicky LLP
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Posts tagged "high-asset divorce"

Overlooking details in your divorce has costly consequences

If you are heading into a divorce, you could be feeling like you are trying to figure out a million little details. You could be keeping track of who is picking the kids up from school and trying to remember what bank account you should be using to pay bills; you might be looking for a new house and seeking approval for a loan, and you will have to balance all this with existing stressors like work and health issues.

Overlooking the details in your divorce has costly consequences

If you are heading into a divorce, you could be feeling like you are trying to figure out a million little details. You could be keeping track of who is picking the kids up from school and trying to remember what bank account you should be using to pay bills; you might be looking for a new house and seeking approval for a loan, and you will have to balance all this with existing stressors like work and health issues.

Separating sentimental value from monetary value during divorce

For many couples going through divorce, one of the first priorities is determining who gets what in terms of marital property. California is a community property state, meaning each spouse is entitled to half of jointly owned property and assets. Although it sounds straightforward, property division hardly ever comes down to a "50-50" split of marital assets.

Woman seeking $1 million per month in child support

Parents who divorce can go through a very difficult period of adjustment when it comes to raising their kids. In addition to the challenges of figuring out living situations, many people will run into money problems when the income that supported one household cannot support two. Sadly, this financial setback can make it very difficult for a child to continue to have his or her needs met.

Mariah Carey, Nick Cannon have privacy clause in their prenup

In previous posts on this blog, we have discussed the importance of having a prenuptial agreement in many different situations. For example, if you and your partner have significant or significantly different assets, if you are a high-profile couple and want to protect your privacy, or if you want to establish property division rules, a prenuptial agreement can be essential.

Divorces can be drawn out when financial stakes are high

High-asset divorces can sometimes be problematic. In many cases, there are several details to establish and there can be several parties involved, from business valuation professionals to financial planners. Add to all that the legal and emotional complications of the divorce itself and there may be no avoiding some of the difficulties that can arise.

Is a life insurance policy community property in California?

One of the most contentious aspects of any divorce can be the division of property, especially when a couple is wealthy or has complex assets that must be separated. Not only can it be difficult to come to terms with splitting finances and properties, but even determining whether something is considered community or separate property can present a challenge.

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