Have you been wondering how to analyze assets and debts in your Carlsbad divorce? What is “community property” and what is “separate property?” Generally speaking, community property is classified as any asset or debt acquired by either or both parties from the date of the marriage to the date of separation. Separate property is any asset or debt acquired by…
Assets
When an Ex Hides Money or an Asset During a Divorce in Carlsbad
Are you worried that your former spouse has not or will not make a full, transparent and accurate disclosure of their income and assets? What should you do when an ex hides money or an asset during a divorce in Carlsbad or North County? Protecting your interests from the intentions and schemes of a former spouse is one of the…
How Your Property Will Be Divided in a Carlsbad Divorce
Are you wondering how your property will be divided in a Carlsbad divorce? Who gets what? How should you approach the division of your assets and debts? There are a few things you need to know about how your property will be divided in a Carlsbad divorce. Generally speaking: Any asset or debt which was acquired by either or both…
What Financial Disclosures Must be Made in a San Diego Divorce?
What financial disclosures must be made in a San Diego divorce? Why is a full, transparent and accurate disclosure of all assets and debts by each party so important in a divorce? Generally speaking, the Court must have a thorough understanding of all of each party’s individual and joint assets and debts as well as the income of each spouse…
Protect Your Finances During Your Divorce
One of the most common issues which leads to divorce in San Diego is financial trouble. It is important to protect your finances during your divorce to help re-establish your credit and financial footing. The financial impact after a divorce can affect your personal finances well into the future. Most people make their spouse the beneficiary on any life insurance…
Suggestions for Divorces Involving High Income or Assets in San Diego
What are some of our suggestions for divorces involving high income or assets? What do you need to know if you are considering a divorce in San Diego and have a professional practice, are a high wage earner or if you have substantial assets or wealth? Burke & Domercq’s Certified Family Law Specialists know those with substantial financial issues and…
Prenuptial Agreements are a Valuable Legal Tool
Prenuptial agreements are a valuable legal tool for protecting assets, intellectual property and existing financial interests prior to entering into a marriage. This is especially true for people who own their own business or are part of a professional practice. Prenuptial agreements have gotten a bad reputation over the years. TV, movies and other dramas falsely portray them as manipulative…
Do You Think Your Former Spouse is Hiding Money or Assets?
Do you think your former spouse is hiding money or assets? Was there some sort of behavior such as lying or deception, betrayal or even a typical effort to cheat on taxes which makes you think your former spouse isn’t being fully truthful? Former spouses owe a fiduciary duty to one another until the moment the divorce is final. This…
Protecting Substantial Assets in a North County or Carlsbad Divorce
Are you concerned about protecting substantial assets in a North County or Carlsbad divorce? If you are a high wage earner such as a physician or licensed professional, commissioned salesperson, CEO or executive you are probably concerned about protecting substantial assets in your divorce. Pre-planning is essential to ultimate success in these scenarios. Was there a prenuptial agreement between you…
Baby Boomers are More Likely to Divorce than Earlier Generations
Did you know that baby boomers are more likely to divorce than earlier generations? Individuals in California and across the nation age 50 and older are getting divorced at a higher rate than their parents and grandparents did at the same age. As these baby boomers get older, the likelihood of divorce only increases. Recent studies have shown people 65…