It is sometimes difficult for divorcing couples to maintain perspective and focus on long-term considerations during heated discussions over property division and spousal support, and this may be particularly true during the contentious negotiations common in...
High Asset Divorce
Banderas and Griffith divorce divides movies, mansion and art
California is the homeland of celebrity divorces, and details of the divorce between movies stars Antonio Banderas and Melanie Griffith have become public. After ending their marriage of 19 years in mid-2015, the couple agreed to divide their substantial assets....
The evolution of alimony
Alimony, or spousal support from the higher-earning former spouse towards the lower-earning one, is an issue that some divorcing couples have to deal with. Though it has decreased in use over the years, it is still a part of the divorce process that many people who...
When business owners divorce in California
If a couple is getting a divorce and they own a business, each spouse may assume that the business is rightfully theirs. However, organizations have value, so they are considered a marital asset. If someone started a business before being married, this may be taken...
Forensic accountants may uncover hidden marital assets
California couples with many assets who are divorcing may need to hire forensic accountants. Although a forensic accountant might be necessary if a spouse is attempting to conceal assets, they can also be useful when this is not the case. Wealthy couples tend to have...
New insurance product protects divorce decrees
California is home to some of the largest divorce settlements in the country. Family law lawyers spend hours of excruciating time and energy to get a settlement for their clients that works in their best interest. However, an unexpected death or disability can disrupt...
Changing beneficiary designations after a divorce
Annuities, retirement plans, transfer on death bank accounts and life insurance policies are all examples of the types of assets that are passed on pursuant to beneficiary designations. Some California residents may want to update their beneficiaries if they divorce...
The complications of high-asset divorces in California
High-asset divorces sometimes involve complicated assets that raise tensions between the spouses and require a lot of attention during the entire process. If you have accumulated many assets during your marriage, you might need advice and negotiating assistance from a...
Singer’s 36-year marriage ends with divorce petition
Neil Young, the famous singer and songwriter, has petitioned a California court to end his 36-year marriage to Pegi Young. The petition for divorce was filed on July 29 in San Mateo, and so far neither party is making any public comment. Young was already a musical...
Oil tycoon could set new record in divorce
California residents might be interested in what could be a record divorce settlement. An oil tycoon worth an estimated $20.2 billion is divorcing his wife after a 26-year marriage. The tycoon made most of his money as founder and chairman of the oil company...
