7 07, 2014
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    The dangers of verbal modifications of child or spousal support

The dangers of verbal modifications of child or spousal support

The dangers of verbal modifications of child or spousal support.
Many people have asked for assistance with the enforcement of a verbal modification of child or spousal support. The story goes something like this…
 “My ex spouse and I agreed to reduce the amount of support for our kids (or spousal support) from $1,000 per month (or fill in the blank) to $500 because my income went down and we didn’t want to go back to court.  I have been paying the reduced amount for the last two years and now my spouse is saying I owe him/her $12,000 plus interest in […]

4 02, 2013

Understanding California Community Property laws.

The laws in the State of California express that any real or personal property acquired during a valid marriage, except for an inheritance or gift, should be considered community property.
This is according to California Family Code §760 which explains the laws referring to community property and §771, which refers to separate property. In the case of a divorce, judges in California must divide community property equally between spouses. However, California community property law only applies if the couple divorces in the state, unless a couple signs a prenuptial agreement to the contrary.
In California, both parties to the marriage have […]

30 01, 2013

Business asset division in divorce proceedings

The valuation and distribution of marital property can be a frustrating and contentious issue for both parties. The process can become even more difficult when the assets include an interest in a business, because the business interest is often the most valuable part of the divorcing couple’s community property.

There are many types of privately-held businesses, including professional practices like doctors, dentists, lawyers and accountants and retail stores, food shops, online businesses and restaurants. Each business has it’s own unique issues but there are basically three methods of dealing with business asset division during divorce.
Division of a business in a fair and equitable […]