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complex divorce Archives

Millennials' view of prenuptial agreements

In California and in other parts of the United States, there have been taboos about marriage and divorce that seem to be losing their power among certain parts of the population. An example of this can be seen when one looks at the view that many millennials have toward prenuptial agreements. In the past, prenuptial agreements were seen as only used by the wealthy, or they were seen as an indicator of divorce. However, a recent study shows a 62% increase in the number of clients asking their attorney for a prenup agreement. This increase seems to be driven by millennials.

Steps for divorce preparation

Preparing for divorce in advance can make what is a difficult process move more smoothly. Thinking long and hard about the ramifications of divorce and whether it is the right decision as well as researching California state laws about divorce are both steps that a person should take before proceeding.

Dealing with the new alimony tax rules

Many divorcing couples in California and around the country are eschewing family gatherings and other social engagements this holiday season in order to reach amicable settlements before the end of the year. They are foregoing traditional festive season celebrations because the tax rules relating to spousal support will change on January 1, and divorcing spouses must have a final alimony agreement or court order in place by December 31 if they want the current deductions to apply.

Splitting 401(k) assets in a divorce may be complex

It's widely believed that divorcing couples will each receive half of the family assets although, in most cases, they do not get identical assets but equivalent ones. In California, there must be a distinction made between community and separate property with only community property being subject to division. Additionally, 401(k) plans have different rules as to how the assets are treated in a divorce. Family law judges have wide discretion in establishing final property division orders.

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