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…
Debts
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…
Student Loans and the Division of Debts in a San Diego Divorce
What happens with student loans and the division of debts in a San Diego divorce? How are assets and debts characterized and divided during a divorce? The division of community property is a complex process in many San Diego divorce cases. Generally speaking, property and debt acquired before the marriage is considered to be “separate” from the community assets of…
Insights into a North County Divorce Mediation
Are you searching for insights into a North County divorce mediation? How does the process work and why should you consider mediation in your case? Mediation is an excellent tool for reducing the time and cost required to complete your divorce, and to actually make the process a bit easier to endure emotionally. A successful mediation will not only shield…
What Happens When a Former Spouse Attempts to Hide Assets During a Divorce?
What happens when a former spouse attempts to hide assets during a divorce in Carlsbad, Encinitas, Oceanside or anywhere in Carlsbad? One of the first steps the parties take in a divorce is to submit disclosures which identify all debts and assets. This includes, but is not limited to: The family home and other real estate Bank and investment accounts…
After a Divorce Collectors Can Still Come After You Even if Your Ex was Ordered to Pay the Debt
After a divorce collectors can still come after you even if your ex was ordered to pay the debt. Many of our clients are surprised to learn they continue to be responsible on all debts to which they were a signator during the marriage. Why is that? During a divorce proceeding all community debts and assets are evenly distributed between…