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Protecting Your Business in a Divorce: Legal Strategies for Business Owners

September 25, 2023 / / 0 Comments

Divorce is a challenging and emotional process for anyone, but it can become even more complex when you’re a business owner. Your business is not just a source of income; it’s your livelihood, your passion, and your investment. So, how can you protect your business during a divorce? In this month’s blog, we will explore some important legal strategies that business owners can implement to protect their businesses during a divorce.

Understanding Community Property Laws

In many states, including California, marital property is divided equally between both spouses during a divorce. This means that if you started your business during your marriage, it could be considered community property and subject to division. To protect your business, it’s crucial to establish that it is separate property. This can be done by providing evidence that the business was started before marriage or by having a prenuptial or postnuptial agreement that clearly outlines the business as separate property.

Related: Learn more about the division of assets and debt in a divorce here.

Valuation and Buyout Options

When dividing assets in a divorce, the value of the business needs to be determined. This requires a thorough valuation process, which may involve assessing the business’s financial statements, assets, and future earning potential. Once the value is determined, there are several options for dividing the business. One option is for one spouse to buy out the other’s interest in the business. This can be done through negotiation or by using other assets to offset the value of the business. It is essential to consult with your business lawyer or with an experienced family law attorney who can guide you through the process and ensure that your business interests are protected.

Related: Learn more about the things to consider before hiring a lawyer for your business here.

Conclusion

In conclusion, protecting your business during a divorce requires careful planning and proactive measures. At Family Law Richard E. Young & Associates, we understand the unique challenges that business owners face during a divorce. We provide personalized legal strategies to protect your business and guide you through the divorce process. Contact us at (949) 951-9529 or visit our website at richardeyoungattorney.net to schedule a consultation and learn how we can help you safeguard your business assets.

Financial Considerations in Family Law: Understanding Alimony and Child Support

July 5, 2023 / / 0 Comments

When it comes to family law matters, financial considerations play a significant role in ensuring the well-being of all parties involved. Two essential aspects that require careful attention are alimony and child support. At Family Law Richard E. Young & Associates, we understand the complexities surrounding these matters and strive to provide expert guidance and support to our clients in Lake Forest, CA, and beyond. In this blog post, we will delve into the intricacies of alimony and child support, shedding light on their purpose, calculation methods, and the importance of seeking professional legal assistance.

What is Alimony?

Alimony, also known as spousal support, is the financial assistance provided by one spouse to the other during or after a divorce or separation. It aims to maintain the financial stability of the recipient spouse, especially if there is a significant disparity in income or one spouse was financially dependent on the other during the marriage. Determining the amount and duration of alimony involves considering various factors, such as the length of the marriage, the earning capacity of each spouse, and the standard of living established during the marriage.

Related: “When It Is Time to Speak To a Divorce Lawyer”

What is Child Support?

Child support, on the other hand, is the financial contribution made by one parent to the other for the benefit of their children. It is intended to cover the children’s basic needs, including housing, food, education, and healthcare. The calculation of child support is typically based on state guidelines that take into account factors such as each parent’s income, the number of children, and the custody arrangement. Ensuring the fair and accurate determination of child support is crucial in preserving the best interests of the children involved.

Related: “Can a Child Choose Custody?”

Seek Professional Help

Navigating the financial aspects of family law can be overwhelming and emotionally challenging. At Family Law Richard E. Young & Associates, we have extensive experience in handling alimony and child support cases. We are committed to providing personalized guidance and achieving the best possible outcomes for our clients. If you require assistance with understanding or resolving issues related to alimony or child support, please contact us at (949) 951-9529 or visit our website. We are here to help you protect your financial rights and ensure the well-being of your family.

Can a Child Choose Custody?

June 6, 2023 / / 0 Comments

Many parents who have undergone a divorce have listened to their children expressing their desire to reside with the non-custodial parent. Though this is usually said in the heat of the moment, one question that frequently arises in such cases is: can a child have a say in deciding custody arrangements, and if yes, when? In this month’s blog, we talk about when a child can choose custody, exploring the relevant legal frameworks and shedding light on the associated intricacies.

Who Decides Child Custody?

Parents are used to making decisions regarding what is best for their children. However, if an agreement on child custody cannot be reached by the parents prior to appearing in court or during mediation, the ultimate determination of child custody is entirely at the discretion of the judge handling their case. Therefore, the judge will decide who won the custody battle.

Related: learn more about tips that help you to win a custody battle here.

When Can a Child Have a Say?

According to Family Code 3042, the judge does not view it as harmful for a child that passes 14 to express their custody preference. But this doesn’t mean that the child’s custodial preferences decide where they live and with whom. It’s important to understand that the judge doesn’t have to follow the child’s preference as they make the decision based on what’s in the best interest of the child.  

What if You Disagree with Your Child’s Preference?

You want what’s best for your child, but hearing that your child prefers to live with the other parent can be a heartbreaking moment. At the end of the day, custody is granted based on what the judge decides, but as your child age, circumstances may mean that these arrangements need to be altered. 

Get The Best California Family Law Representation!

If you’re a parent going through a divorce and you have a custody battle to win, call on Family Law Richard E. Young & Associates. We have extensive experience in family law, and we’ll help you obtain the best possible custody outcome for your case. Call Family Law Richard E. Young & Associates now at (949) 951-9529 to discuss your case.

Divorce & Reconciliation: Here’s What You Need to Know

May 2, 2023 / / 0 Comments

When couples legally agree on dissolving a marriage, a divorce takes place. However, it can also include parental challenges and a set of monetary, emotional, and legal issues. But the good news is that there are numerous legal ways to cope with such challenges. Reconciliation is also workable in most cases.

What Causes a Couple to Divorce?

When both individuals aren’t able to meet expectations, they part ways and no longer wish to be with each other. Divorce is the last resort for many couples. Often, couples choose to be separated for some time, or they plan to make it permanent by opting for a legal way out of the marriage.

Related: “Three Disputes Your Family Law Attorney Can Help With”

The 10 Most Common Reasons for Divorce

Here are some of the main reasons why couples consider divorce:

  1. Infidelity or an extramarital affair
  2. Trouble with finances
  3. Lack of communication
  4. Constant arguing
  5. Long distance relationship
  6. Unrealistic expectations
  7. Lack of intimacy
  8. Lack of equality
  9. Not being prepared for marriage
  10. Physical and emotional abuse

How Can a Couple Avoid Divorce?

You must never stay in a relationship that causes physical or emotional abuse and should get in touch with your local authorities and lawyer. However, if you’re in a relationship that can still be repaired, there are various possible ways to avoid legal dissolution and let a marriage survive. This includes consulting with a therapist or taking an online Save My Marriage course.

In today’s era, where divorce is “easier”, saving a marriage can take a lot of effort for both parties. In addition, if you are separated but still want to get back together after some time, chances are that it can happen with the right work and effort put into it by both sides.

Related: “Legal Separation vs. Divorce”

How Can Couples Reconcile After Divorce?

If you are planning to reconcile after divorce, here are some different possibilities that you can consider:

  1. Try to keep an open mind as you learn how to rekindle romance with your partner.
  2. Focus more on relearning how to live together with them in light of the changed situation.
  3. Improve your communication with each other and be transparent with your feelings.
  4. Be willing to accept the past and move forward.
  5. Try martial therapy with your partner.

Conclusion

To sum up, if you’re deciding whether to move forward or plan to get back together, it’s better to seek help from a professional divorce lawyer as soon as possible. With decades of professional experience, Family Law Richard E. Young & Associates is the best option. Contact our law firm today at (949) 951-9529 or visit our website for more information.

How to Deal With an Ex-Spouse Harassment

March 10, 2023 / / 0 Comments

The relationship between ex-spouses is tricky and often hard to manage. While some are ready to move on from past relationships, others are so mired in anger and other negative feelings that they can’t let go, especially during a divorce. The law knows this and offers some ways of legally dealing with harassment if your ex-partner keeps harassing or intimidating you. The following are some ways to help you deal with this.

What is Harassment?

Harassment is any unwanted behavior that can cause physical and mental damage. Harassment comes in many forms, from verbal abuse to stalking to physical abuse. These are all harassment as per Californian harassment laws. If you are a victim of harassment, contact the police or your domestic violence attorney to decide what actions you may be able to take.

Should You Retaliate?

The first step in dealing with a harassing ex-spouse is to always take the high road and never get back at them. This will just make things worse, and you might even share culpability with them if the problem reaches the court. Instead, document the harassment and get a restraining order to avoid any arguments or discussions that could escalate the situation.

Related: Learn more about the benefits of getting a restraining order here.

Empower Yourself with Options

If your ex-spouse’s harassment continues and the restraining order doesn’t do the trick, go for other options. As additional protection, inform some trusted friends about the situation and seek legal assistance if your ex-partner is still trying to bait you into an interaction. Legal action can provide you with legal protection from further harassment and ensure that your ex-spouse faces legal consequences for their behavior.

Related: learn more about how and when to file a complaint for domestic violence here.

Reach Out To Local Support and Resources

Dealing with a harassing ex-spouse is indeed a troubling time, but it doesn’t mean it’s impossible to remain emotionally safe. You can reach out to a support group for people who are going through a divorce, as they can offer you practical advice and emotional support. Many local resources can be found here.

Rely on Family Law Richard E. Young & Associates

Family Law Richard E. Young & Associates has a history of helping clients protect themselves through harassment cases. We are well-versed in domestic violence laws and will get your rights back by any means. Contact our law firm today at (949) 951-9529 or visit our website for more information.

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