Dividing Real Estate in a Divorce

California state guidelines divide assets and debts equally. When the parties to a divorce want to keep their break up out of the courtroom and come to an agreement, they can handle the issues the way they want to. People are able to do this if they both understand their rights, disclose information completely, cooperate with each other, and are able to remain reasonably calm.

Real estate and retirement accounts are usually the most valuable assets acquired during a marriage. People in agreement, usually find that dividing the retirement plan is easy after deciding on the amount and having it divided […]

By |Community Property|
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DISCLOSURES – What are they and Why are they So Important?

In processes for Divorce or Legal Separation, one of the requirements before getting a final judgment to terminate the relationship is to disclose information. It is mandatory to share details regarding current assets, debts, income and expenses with the other party to avoid risking having a judgment thrown out because information was knowingly withheld.

The forms used to share the information are the FL 160 – the Property Declaration and the FL 150 – the Income and Expense Declaration.  This information is sometimes exchanged more than once when the process is lengthy and circumstances change. The information provided should be complete […]

By |Child & Spousal Support, Community Property, Court Forms, Divorce, Legal Separation|
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