What are some of the implications of divorce when it comes to your finances? From an earnings perspective, income earned during your marriage is usually community property unless you have a prenuptial or postnuptial agreement which states otherwise. Anything which was purchased, earned, contributed to or signed for from the date of the marriage until the date of separation will…
Income
What Types of Income Go Into Child Support Calculations in a San Diego Divorce
What types of income go into child support calculations in a San Diego divorce? Every parent in California carries a legal obligation to provide for their children’s needs including the basics of food, clothing and shelter as well as health care and an education. Will there be child support in your divorce case? If each of the co-parents have relatively…
When Your Spouse is Untruthful in a San Diego Divorce
What should you do when your spouse is untruthful in a San Diego divorce? Is it possible to identify untruthful disclosures, hidden money and assets and other attempts to lie during the divorce process? How can the Certified Family Law Specialists at Burke & Domercq help with my divorce case? If your spouse has been untruthful during the course of…
Tactics Used by a Former Spouse to Hide Money in a Divorce in San Diego
Are you concerned that your ex is not fully reporting income and assets on financial disclosures? What are the common tactics used by a former spouse to hide money in a divorce in San Diego? One of the most common strategies is to attempt to claim a loan to a family member or close friend. The “creditor” is listed on…
What Happens if Your Spouse Earned Income During Your Marriage Which is Still Unpaid?
What happens if your spouse earned income during your marriage which is still unpaid such as commissions, bonuses, deferred compensation or Restricted Stock Units (RSUs)? How are these assets valued and accounted for during a Carlsbad or North County divorce? Are you married to a high wage earner or licensed professional? Is your former spouse an artist, in a creative…
How will Changes in Income After Your Divorce Affect Spousal Support
How will changes in income after your divorce in North County or Carlsbad affect your spousal support? While this is a complex legal issue, the short answer is a change in the income of either party may have an effect on spousal support. In some cases it may not. Spousal support is generally intended to ensure former spouses leave the…
How Do I Get an Increase in Child Support in North County San Diego?
Children grow and associated expenses increase. Have you been wondering “How do I get an increase in child support in North County San Diego to offset new expenses?” Child support modification is based upon a change in the “status quo” toward the end of your initial divorce case. California has established a child support guideline calculator. The Judge used this…
Is Business an Asset or Income During a Divorce?
Is business an asset or income during a divorce in North County or North County San Diego? How do you disclose business ownership and what are the issues for each of the former spouses? A business or professional practice is absolutely an asset during a divorce. California is a community property state and all community property must be divided evenly. …
Can Child Support Be Based on More than Present Income?
Can child support be based on more than present income in a North County or Carlsbad divorce? California family law establishes clear guidelines for the calculation of child support. However, it is interesting to note that child support is not simply based upon present earnings for either spouse. The Court is to look at each spouse’s ability to pay and…