So, you’re divorced. Now what? Once the legal proceedings of your divorce are done and you and your ex-spouse have settled the bills, it’s time to start thinking about next steps. Specifically, it’s time to decide what you’re going to do for permanent housing. Your first step will be to explore your financial situation and […]
Divorcing is rarely an easy experience. Dealing with contentious spouses, protecting the emotional lives of the couple’s kids, figuring out an equitable separation of assets… Divorce is tough on everyone involved. Add to it the underlying trauma of losing not only the security of being in a relationship but also the loss of some—or all—of […]
Let’s face it, selling a house in California can be an expensive and time-consuming undertaking. And now that interest rates are on the rise, buying a new home has become even pricier for couples who are looking for ways to reduce the economic impact of divorce. As the most valuable asset most couples own, the […]
Should your divorcing client keep or sell their house? Rising interest rates, increasing home values and waning affordability—the real estate market is changing, and divorce attorneys need to know what these changes could mean for their clients. Keep It or Buy Out the Other Spouse? The answer depends in part on whether they can afford […]
Under California’s Community Property model, divorcing spouses each own half of their real property and half of their debts equally. Separate property—property that was acquired by one spouse before the marriage and was never commingled into the marriage—is an exception, but, for the most part, California couples can expect to split the total value of […]