A Prenup Can Help with Your Estate Planning California is a community property state, so all assets acquired during marriage, by either spouse, are community in nature. In the event of a spouse’s death, the couple’s community property must be divided equally. Neither spouse is permitted to dispose of more than one half
Silver Prenuptial Agreements for Later-in-Life Marriages If you are getting married in your 50s, 60s, 70s or beyond, you may want to seek the advice of a family law attorney and draw up a Silver prenuptial agreement. That’s because you probably own significant assets, such as a home, rental property or business, and
Is Your Soon-to-be-Ex Spouse Holding NFT’s? Here’s What To Do. As we mentioned in a previous post, NFT’s and Divorce. What Are Your Obligations to Your Ex?, non-fungible tokens (NFTs) have become very popular in the crypto trading world. Just like other marital assets, NFT’s are subject to property division, when a married
NFT’s and Divorce. What Are Your Obligations to Your Ex? Non-fungible tokens (NFTs) have become very popular in the crypto trading world. When held as marital property, NFT’s are a special type of asset because they are so volatile. Their value can change by the day, the hour or even minute. Some individuals
How Is Spousal Support Calculated in California? When a couple legally separates or divorces, the court may order one member of the couple to pay monthly spousal support. Individuals who were involved in a domestic partnership may similarly be paid partner support. The purpose of the support is to enable both members of
How Do Depreciation Deductions Enter into Child or Spousal Support? If you own a business or a rental property, you are probably used to taking depreciation deductions against your annual income on your federal and California state tax returns. These depreciation deductions lower your income for tax purposes. When calculating your income to
Pitfalls to Avoid When Selling or Keeping Your Home After Divorce For many divorcing couples, their family home is the largest asset they hold in common. Deciding what to do with their home after divorce is an important financial decision, rife with potential pitfalls. The couple may decide to sell their home right
Courtroom Decorum in a Virtual World When the courts closed early in the COVID-19 pandemic, many of them turned to virtual platforms, such as Zoom, to conduct family law cases. Rather than a solution to an immediate problem, virtual hearings may continue to be an option for years to come. That’s not only
Gilead House 4th Annual Bocce Ball Tournament Family Law Attorney Christian Sherman is a long-time supporter of the Gilead House. Located in Novato, Gilead House helps homeless mothers rise from homelessness through a structured program. The nonprofit organization also helps children a variety of ways. This year, Christina is a gold sponsor of their
Watts Charges and Epstein Credits Who Pays What Between Separation and Divorce? When a couple is in the process of getting divorced but hasn't yet decided how to divide up their assets, the financial aspects of day-to-day living can get complicated. As an example, one member of the couple may continue to live