I Had a 401(k) Before Marriage – Does This Mean It Is Separate Property?
Here is an example of a scenario I see often: In 2005, Spouse 1 (who is single at the time) begins contributing to his employer-sponsored 401(k). Spouse 1 and Spouse 2 get married in 2012. At the time of marriage, the balance of Spouse 1s 401(K) is $100,000. Unfortunately, Spouse 2 files for divorce in […]
How to Value Business Interests in a Divorce
When a divorcing party owns an interest in a closely held business, it can present several challenges in the divorce process. How do we know what the interest is worth? Inevitably, the owning party will claim that the value is low, while the non-owning party will claim that the business has a high value. The […]
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What Happens When Community Funds are Wasted?
When a divorce is final, the Court divides up the community estate between the parties in a just and right manner. Typically, it divides the community property as it exists on the date of divorce. However, this is not always the case. For example, what is a spouse disposed of community property right before filing […]
Family Law News and Notes for February 21, 2018
For those of you who have been hiding under a rock for the last week, Jennifer Aniston and Justin Theroux are splitting – TMZ A wedding photographer lists 8 signs that a marriage may end in divorce – Huffington Post Former Criminal Minds actor finalizes divorce – Cinema Blend Rebecca Gayheart files for divorce […]