Using community funds to improve separate property is a poor option during your marriage. It can prove especially costly in a subsequent divorce. The property each individual owns prior to a marriage is considered “separate” property under California law. In most cases, the money each of them earns at work and anything they purchase during the course of the marriage…
Separate Property
What is Quasi-Community Property in a Carlsbad Divorce?
What is quasi-community property in a Carlsbad divorce? How are the debts and assets of a married couple divided in a California divorce? There are three general types of property in a Carlsbad divorce case: Community Property Quasi-Community Property Separate Property If an asset or property was purchased during the course of the marriage is located physically within the State…
What is Separate Property in a Carlsbad Divorce Case?
What is separate property in a Carlsbad divorce case? California is a “community property” state. This simply means all debts and assets acquired by either or both of the parties during the term of the marriage (with a few exceptions) are considered to be community property and must be divided equally between the parties. There are three basic types of…
What Establishes the Date of Separation
Why is the date of separation important in a Carlsbad divorce and what actually establishes the date of separation in your divorce? California enacted a new updated law a few years ago to clarify what actually establishes the date of separation in a divorce. Prior to that date, California law in essence required the parties to physically move apart from…
What is Considered to be Community Property in a Carlsbad Divorce
What is considered to be community property in a Carlsbad divorce and how is it divided between the parties? Community property is basically all property, assets or income earned by either or both of the parties during the term of the marriage. Here in California, community property is to be divided equally between the parties. However, the determination of what…
How to Raise the Issue of a Prenup Before the Wedding
There are many sound legal and financial reasons to consider a prenuptial agreement or “prenup” before getting married. However, many people simply don’t know how to raise the issue of a prenup before the wedding without upsetting their spouse or disturbing the relationship. This is quite understandable. After all, who wants to even consider issues regarding the end of a…
After a Divorce Collectors Can Still Come After You Even if Your Ex was Ordered to Pay the Debt
After a divorce collectors can still come after you even if your ex was ordered to pay the debt. Many of our clients are surprised to learn they continue to be responsible on all debts to which they were a signator during the marriage. Why is that? During a divorce proceeding all community debts and assets are evenly distributed between…