You must make a full disclosure of assets and debts in a Carlsbad divorce. California law clearly requires every individual to make a full, transparent disclosure of all financial assets and liabilities in a divorce. We are often asked “what specifically must be disclosed?” The short answer is simply any and all information you possess regarding an asset, investment, account,…
Debts
How To Protect Yourself from the Debts of a Spouse
Are you wondering how to protect yourself from the debts of a spouse. There are many ways debt can be quickly accumulated. One of the first issues to address is perhaps student loans. It is not uncommon for each of the parties to have student loans as they approach a marriage. If the amount of each is relatively equal it…
A San Diego Divorce Can Affect Your Credit
How will a San Diego divorce affect your credit and what do you need to be aware of as you work through the process of a divorce? Those who are considering getting divorced might have heard that divorces can impact your credit score. There are several things that might occur during a separation which could have a negative impact on…
Commingled Assets and Debts in a San Diego Divorce
How will the Court handle commingled assets and debts in a San Diego divorce. Generally speaking, there are principally two types of community property in a San Diego divorce – “community property” and “separate property.” Basically, community property will encompass any assets and debts which are obtained by the parties jointly or separately from the date of the marriage to…
How Are Debts Divided in a San Diego Divorce?
How are debts divided in a San Diego divorce? Will I be responsible for the debts of my former spouse? Both spouses are technically responsible for any debt which was acquired from the date of the marriage until the date of separation. This applies to all debts and accounts regardless of whether either or both of the spouses are named…
When You Should Consider a Prenup?
What are some examples of when you should consider a prenup and how is it a positive and not a negative in a serious relationship which is headed for marriage? A prenuptial agreement, more commonly referred to as a “prenup” often has a negative bias attached to its name and the underlying concept. Why would you want to negotiate a…
Does the Process of a Divorce Treat Assets and Debt Equally?
We are often asked “does the process of a divorce treat assets and debt equally? Will our property and debts be divided 50/50? Virtually every divorce in San Diego involves the distribution of assets and debts. Assets will include everything from the family home to personal property, a business or professional practice, retirement accounts or pensions, investments, real property and…
You Are Legally Required to Fully Disclose Every Asset and Debt in a Carlsbad Divorce
California law clearly requires every individual to fully disclose every asset and debt in a Carlsbad divorce. This applies to many things often missed such as retirement accounts, personal injury settlements as well as separate and pre-marital or gifted assets! We are often asked “what information must be disclosed?” The short answer is simply any and all information you possess…
How are Assets and Debts to be Divided in a Carlsbad Divorce?
How are assets and debts to be divided in a Carlsbad divorce? Property division can be one of the significant challenges in many divorce cases. The division of property includes any asset, debt, property or liability owned or owed by either of the parties or both. The divorce begins with financial disclosures by both parties. Property disclosures should include, but…
Are Debts and Property Treated Equally in a Carlsbad CA Divorce?
Are debts and property treated equally in a Carlsbad CA divorce? How will your personal property, vehicles, real property, investments, retirement accounts and pets be divided during the division of community property? The first concept to understand is the difference between “community” property and “separate” property. Community property is generally defined as any asset or debt which is acquired by…