What Happens When a Business Asset in a Divorce is Losing Money?

What Happens When a Business Asset in a Divorce is Losing Money?

Pierre Domercq Divorce

What happens when a business asset in a divorce is losing money?  In a North County San Diego divorce all assets of the parties must be divided according to California’s community property laws.  This includes the ownership interests in a business or professional practice. Normally, the business would undergo an independent “valuation” to establish the value of the community’s ownership …

College Education or Professional License be an Asset with Value

Can a College Education or Professional License be an Asset with Value in a Divorce?

Pierre Domercq Divorce

Can a college education or professional license be an asset with value in a divorce?  California has extensive case law regarding the value of an education or professional license that was obtained during the course of the marriage.  California recognizes the sacrifice that both parties must make in order to complete an education or to obtain a professional license, especially …

You Are Financially Accountable to Your Ex Until the Divorce is Final

You Are Financially Accountable to Your Ex Until the Divorce is Final

Pierre Domercq Divorce

Did you know you are financially accountable to your ex until the divorce is final?  What is a fiduciary duty and how does it govern the behavior of former spouses during a divorce in Carlsbad or anywhere in North County? It is important to understand all aspects of a divorce in North County, especially when it comes to money.  There …

What Happens to Carlsbad Business Owners in a Divorce

What Happens to Carlsbad Business Owners in a Divorce

Pierre Domercq Divorce

What happens to Carlsbad business owners in a divorce?  How is the ownership of a business handled in a North County San Diego divorce?  What happens to the business itself?  Can the company continue to operate during and after the divorce? Solo business owners worry about how their company will be handled in a divorce.  You’ve invested your money, time, …

Cell Phone Impact Your North County Divorce

How Can a Cell Phone Impact Your North County Divorce?

Pierre Domercq Divorce

How can modern technology such as your cell phone impact your North County divorce?  Electronic trails may help to prove the existence of non-disclosed financial accounts, domestic violence and the existence of emotional abuse and controlling behaviors.  What information can electronic records provide and how could it affect crucial outcomes such as child custody or property division? Text messages and …

Dealing with Retirement Funds During Divorce Negotiations

Dealing with Retirement Funds During Divorce Negotiations

Pierre Domercq Divorce

Dealing with retirement funds during divorce negotiations is especially important in a “Gray Divorce” or divorce over 50.  While the overall divorce rate in California and around the country has remained fairly stable in recent years, divorces among older couples has increased sharply.  Between 1990 and 2014, the rate of divorces involving people over the age of 50 doubled, and …

Having a Child Before Marriage no Longer Means a Higher Divorce Rate

Having a Child Before Marriage no Longer Means a Higher Divorce Rate

Pierre Domercq Divorce

Having a child before marriage no longer means a higher divorce rate in California.  California couples whose marriages end in divorce can often point to a variety of factors that caused the split.  For years, it was believed that a couple having a child prior to marriage was a sign for an eventual parting of the ways. However, new information is …