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The sobering statistics in the U.S. show that married couples have a 50% likelihood of getting divorced. With these odds, it is best to have a clear picture of how partners expect marriage to proceed and possibly end if circumstances lead to divorce. Preparing now can keep an emotionally charged situation more manageable and help preserve your property, particularly an inheritance. Working…

A trust fund is a legal arrangement allowing individuals to designate assets into special accounts for the benefit of another person. These funds are managed by a trustee, acting for the use of the beneficiary. When a divorce occurs, some trust funds provide financial protections, tax benefits, and support for the beneficiary, while others do not. Working with a family law attorney…

Sorting out the details of any divorce is challenging. One of the most difficult aspects is determining how the assets of marriage will be shared. The process may become more complex when high-value assets must be divided in divorce proceedings in California. The skill and knowledge of an attorney experienced in family law can help you make educated decisions while working within…

Standard of living is a quantifiable measurement of the well-being of a group and refers to factors available to specific socioeconomic classes. In the United States, for example, some factors that determine the standard of living are physical health, life expectancy, availability of housing, educational opportunities, medical access, and other factors that measure how well a country is doing. Take this meaning…

One of the most stressful life events that a person can face is divorce. It can leave a person feeling unsure about many things, finances being one of them. Protecting your assets and understanding where you stand financially during a divorce takes some preparation. Each divorce is unique and comes with its own specific set of challenges. Your divorce may require different…

Parents facing separation or divorce in California will have concerns about child custody. The custodial parent will have the right and responsibility to make choices about their child is raised and will be expected to provide a safe, secure home for their child or children. California child custody falls into two categories, legal and physical custody. Continue reading as we discuss the…

In California, divorcing couples who have $1 million or more in assets divorces are considered high net worth. Dissolving a high net-worth marriage requires a divorce lawyer specializing in protecting their clients’ financial future. Often, alimony and spousal support are applicable following a divorce. Each situation is different, but some things are essential for you to know. Whether you are requesting spousal…

Divorce is one of the most stressful life events that a person can experience. One of the stressors of dissolving a marriage is the uncertainty over finances. The division of assets can be difficult and feel very personal. Your real estate, physical property, investments, and money are all on the table in a divorce. This financial insecurity naturally creates anxiety. If you…

Worries over finances while going through a divorce are common. You may wonder how your assets will be divided. There are things that you should be aware of to ensure that your net worth is divided properly. A Los Angeles divorce attorney can help. What is Considered Community Property in California? California is a community property state meaning that anything that divorcing…

Dissolving a marriage is one of the most challenging things a person can go through, especially when it involves children and significant assets. Sometimes, it may seem like it would be better to walk away without anything to avoid the pain of the proceedings surrounding the divorce. But, as the pain becomes less acute, you will want to find yourself financially secure…