You must make a full disclosure of assets and debts in a Carlsbad divorce. California law clearly requires every individual to make a full, transparent disclosure of all financial assets and liabilities in a divorce. We are often asked “what specifically must be disclosed?” The short answer is simply any and all information you possess regarding an asset, investment, account,…
Assets
Spotting Patterns of Hiding Money or Assets in a San Diego Divorce
Are you concerned your spouse isn’t being completely forthright in your divorce? What are some things to look for to help you identify potential patterns of hiding money or assets in a San Diego divorce? What can be done about a former spouse who purposefully omits or misrepresents the value of accounts or assets in a divorce? It is important…
How Long Does a Prenuptial Agreement Last in San Diego
How long does a prenuptial agreement last in San Diego? Generally speaking, prenuptial agreements are legal contracts which are entered into between two people who are contemplating marriage. The prenup takes effect upon the date of the marriage and does not expire unless otherwise specified in the agreement itself. If the couple chooses not to marry, the prenup is generally…
Preparing for a Gray Divorce in San Diego
What do you need to know about preparing for a gray divorce in San Diego? “Gray Divorce” is a relatively recent phenomenon and applies to a divorce where both spouses are over the age of 50. A recent Pew Research Institute study shows an increase of 100% in gray divorce since 1990. Those who are preparing for a gray divorce…
Protect Your Business with a Prenuptial Agreement
Can you protect your business with a prenuptial agreement? What happens to a business you own prior to marriage in the event of a divorce. The first question a business owner should ask prior to entering into a business (from a business point of view) is “Can I keep a solid wall between the business and our marital assets?” If…
What Does a Fair Property Division Solution Look Like in a San Diego Divorce?
Many people believe community property is split right down the middle between divorcing parties in San Diego. This isn’t the case and California Family Law doesn’t specify a 50/50 split. What does a fair property division solution look like in a San Diego divorce? How do the concepts of “fair” and “equal” apply in these cases? Community property in California…
How Should a Divorcing San Diego Couple Divide their Home
How should a divorcing San Diego couple divide their home? What is the best solution for the family residence in a divorce? When California couples divorce, property division issues such as the family home can be challenging and drawn out. Often, each spouse has something that he or she wants and is willing to make concessions to get. However, often…
How to Tell When a Spouse is Hiding Marital Assets
Is there a way to tell when a spouse is hiding marital assets? What are some of the most common strategies to hide or significantly under-report the value of assets associated with a San Diego divorce? Both parties are required by California Family Law to fully, accurately and transparently disclose all assets and debts (even if they are not marital…
Common Financial Mistakes to Avoid in a San Diego Divorce
What are some of the common financial mistakes to avoid in a San Diego divorce? One of the most important reasons to work with the Certified Family Law Specialists at Burke & Domercq is the ability to avoid costly mistakes based upon emotion or misunderstanding. When you are in the midst of a divorce it can be hard to see…
Will I Be Awarded Spousal Support in My San Diego Divorce?
You may have several questions regarding financial issues associated with getting through the process of a divorce. One of the most common questions we are asked is “Will I be awarded spousal support in my San Diego divorce case?” The question of spousal support (often referred to as alimony) essentially comes down to three important issues: the duration of the…