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
Splitting Retirement Accounts with Qualified Domestic Relations Orders In a Community Property state like California, your ex-spouse or domestic partner is entitled to 50% of the value that you have accumulated in your employee sponsored retirement accounts during your marriage. These retirement accounts can be a 401K plan, IRA or pension plan. Retirement
Estate Planning Considerations During Divorce All too often, individuals leave their ex-spouse or ex-partner as their beneficiary on their financial accounts and their agent for their Durable Power of Attorney for health care and property, long after they get divorced. If you are getting divorced, even before your divorce is final, you will
Are You Liable for Your Spouse’s Unpaid Taxes? Often married couples file joint tax returns because it usually reduces their tax preparation expenses as well as their federal income taxes owed. A potential downside, however, is that, if one spouse has not declared their full income or falsely claimed too many deductions or
If you are separating from your spouse and not yet divorced, how you file your Federal and State of California income taxes is an important financial decision to make. It can also be confusing and complicated by the stress of your separation. As long as you are still legally married, you can either
What Is the Difference Between Divorce and Legal Separation? When you are dissolving your marriage in California, you may want to consider legal separation rather than divorce. Here’s why. What is legal separation? Legal separation is a court-approved separation, but the couple has not ended their marriage. Like divorce, it involves a legal process, which
Sharing a home with someone you want to divorce is a stressful situation, whether you are the one initiating the divorce, or on the receiving end. Both of you may feel as if you are walking on eggshells in each other’s presence. If you have children living with you as well, the situation can be
On behalf of Law Office of Christina Sherman on Tuesday, May 20, 2014. Leila Reyes and Susan Regan, MFT will be co-facilitating a 10-week co-ed divorce support group on Tuesday nights from 6-7:30pm starting at the end of May in San Francisco OR Wednesday nights in Berkeley We come with a lot of experience to
On behalf of Law Office of Christina Sherman on Monday, March 31, 2014. We have all heard that divorce can be a devastating financial event. You may find yourself in the position of being the sole financial decision maker for the first time and not feel equipped for the challenge. Transitions can be scary,