What Happens to Shared Property in a Divorce: A Guide to Community Property Laws in California
When Hollywood actress and producer Reese Witherspoon announced her divorce in 2023, it set the fans of her films tongues’ wagging. But even more impressive than the many awards for her acting was her impressive California real estate portfolio, including homes in Brentwood, Palisades Park, Malibu and Ojai - plus
Can Personal Income be Kept as Separate Property During a Marriage?
In the U.S., divorce is extremely common and should be planned for, even in the happiest of relationships. Up to 50 percent of first marriages break apart, and second and third marriages fare even worse, with divorce rates of 67 percent and 73 percent, respectively. Therefore, it’s smart to consider
Keeping An Inheritance As Separate Property During A Marriage
The law considers inherited property to be a personal gift to the recipient and a spouse or domestic partner has no claim to it. When couples divorce, the inherited property generally stays with the person who inherited it. But inherited property must retain its character as separate throughout the marriage. That
Do Unmarried Couples That Live Together Have Community Property Rights in California?
When two people get married, shared property is a given. As the saying goes—"What's your is mine and what's mine is yours." Marriage and divorce laws also support this idea. Yet, the landscape in California and throughout the United States has changed in recent decades. More and more couples, homosexual
Will I Keep My House, Car, and Personal Property After Divorce?
In most cases, you keep personal property, such as your clothing, after a divorce. Everything else is subject to equal division since California is a community property state. Division of property and debts is a complicated issue, especially when one spouse or domestic partner brought his or her own property
Is My Spouse Entitled to Half of My Orange County Business?
The American Psychological Association reports that 40 to 50 percent of marriages in the United States end in divorce. Pursuing a divorce is never easy due to the emotions involved and the complex process of dividing assets. If you own an Orange County business, determining if your spouse is entitled
Inherited IRAs give divorce judges new ground to cove
On behalf of Pedrick Law Group, APC posted in property division on Wednesday, March 6, 2019. Marriage is often a complicated arrangement. Although the basis of marriage should be love, many practical considerations enter into a legal contract. Nothing proves the complexity of marriage more than the difficulties that many people encounter when they are
Prenuptial agreements add security to property division
On behalf of Pedrick Law Group, APC posted in property division on Monday, May 13, 2019. Although some people sign a contract knowing that another party may be in breach of it at some point, no one starts a marriage thinking about that. However, a marriage is a contract, and the