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property division Archives

Protecting yourself after divorce: Refinancing your home

After a divorce, it's usually a good idea to look into refinancing your home. Why? There are a few good reasons to do so, including that you will be able to protect your credit, could use your home equity for other purposes or buy your spouse out of the property.

Preparing for divorce? Understand property in California

In California, property division is handled equitably. That means that unless you have a prenuptial or postnuptial agreement stating otherwise, your assets are divided in as fair a manner as possible during divorce. The courts look at a variety of factors to determine what's equitable if you and your spouse can't come up with a property division agreement on your own.

Make financial withdrawals before you file for a divorce

If you are considering getting a divorce, you may want to think about starting a separate bank account now. If you don't and only have a shared account when you file, you may be restricted to not using the account until your assets are divided. This could be difficult for you, especially if you have no way to reroute payments or don't have a job to support yourself.

Debts and divorce: You could still be liable despite court orders

When you're going through a divorce, you may already be focused on the assets you want to obtain. One thing you should not overlook is the amount of debt you could be left with. If you share debts with your spouse, it's in your best interest to find a way to reduce what you owe, so you can walk away from your divorce without debts to pay.

What can you do for a better division of your marital property?

It's always hard to decide that you want a divorce, and the realization of everything you need to do to finalize it can be overwhelming. Your attorney is there to help you through your divorce, but there are also some things you should know about protecting your assets.

How does a separation agreement work?

When it's time to get a divorce, one of the things you know you'll have to do is divide your property. In many cases, couples are able to work together to come up with a separation agreement that works for them and feels fair. In some cases, couples are unable to do so and judges must decide for them. It's in your best interests to try to come up with an amicable solution before heading to court, because a judge's ruling is final.