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Tag: divorce (page 1 of 6)

What Happens to the Family Home in a Divorce in California?

The family home is an asset a couple acquires during their marriage. With a nationwide divorce rate of 45% (CDC), it becomes one of the central points of contention in divorce proceedings. In California, however, when discussing what happens to the family home in a divorce, it’s essential to understand that there are no set criteria that determine which spouse will receive the home. In this month’s blog, we will walk you through how California’s community property laws apply to your situation.

Does the Titleholder Automatically Get the House in a Divorce?

Determining who keeps the house in a divorce isn’t straightforward—even if only one party’s name appears on the title deed. If the house is separate property and the other spouse does not object, the spouse who owned it before the marriage keeps it after divorce. If the other spouse objects, the court may require both to agree on who gets the house or order the house to be sold.

Related: Learn more about if it is worth it to change the court orders here.

What If the Family Home Is a Community Property?

Since each spouse has an equal share of community property, the judge will split all property down the middle. Even if one spouse was the primary earner, the family home in divorce is generally treated as a shared asset. However, if you contributed separate funds or made significant improvements to the property, you might be eligible for a reimbursement claim. Keep in mind that the court might consider cohabitation agreements and examine financial contributions when determining an equitable split.

Related: Learn more about whether California recognizes cohabitation agreements here.

Options for Managing the Divorce Family Home

When facing the decision of what happens to the family home in a divorce, several practical options are typically considered:

  • Selling the Family Home After a Divorce

Selling the property is often the most straightforward way to settle disputes. The proceeds are divided according to community property guidelines, providing a clean break for both parties.

  • One Spouse Buying Out the Other

For those interested in keeping the family home in divorce, one option is for one spouse to buy out the other’s share. This involves refinancing the mortgage and ensuring the departing spouse is compensated fairly.

  • Leaving Family Home Before Divorce

An alternative some couples explore is leaving a family home before divorce. This proactive step can sometimes simplify asset division by reducing emotional attachments and easing negotiations.

Let Us Help You Come to a Sensible Agreement Regarding the Family Home

At Family Law Richard E. Young & Associates, we specialize in guiding clients through these sensitive matters. Whether you’re concerned about keeping the family home in divorce or understanding the implications of moving out, our experienced team is here to help. Visit our website or call us at (949) 951-9529 for a free initial consultation to discuss your options and protect your interests.

Stay-at-Home Mom Divorce Rights in California

You have devoted much of your married life to caring for your family and home. Now, as your marriage ends, you may feel uncertain about the next steps. As one of the 24% of American mothers who prefer to stay home, you’re likely facing questions like, “How should I approach divorce as a stay-at-home mom?” or “Will I qualify for child support?” This month’s blog will outline your rights and make the divorce process less daunting.

Child Custody: Maintaining Stability for Your Children

In California, courts prioritize the well-being and stability of children in custody decisions. As a stay-at-home mom, you likely have a strong bond with your children and have been their primary caregiver. California courts often favor arrangements that support the existing family dynamic, which may work to your advantage if you have been the primary caregiver.

Remember that courts also encourage shared custody when both parents are fit, so be prepared for a parenting plan that allows your children to spend time with both parents.

Alimony: Financial Support for a Fresh Start

Alimony, also known as spousal support, can be crucial for stay-at-home moms after a divorce. Since you’ve focused more on household responsibilities, your earning capacity may be limited compared to your spouse. Courts consider your standard of living when determining alimony, and in your case, you require financial support to regain independence.

However, keep in mind that alimony is not always awarded in California, so working closely with a knowledgeable family law attorney is essential.

Property Division: Protecting Your Fair Share

California is a 50/50 state, meaning marital assets and debts are typically divided equally. This rule applies to assets acquired during the marriage, including bank accounts, real estate, vehicles, and even retirement accounts. For a stay-at-home mom, it’s essential to understand your entitlement to shared property, especially if you didn’t directly contribute financially. Even if you haven’t worked outside the home, you’re still entitled to a portion of these funds.

Career Re-entry and Vocational Training Support

You can start by looking for community resources or educational programs that align with your interests. Here are some suggestions for laying the groundwork for a return to work:

Seek Professional Help

At Family Law Richard E. Young & Associates, we’re dedicated to helping you secure your future as you embark on this new chapter. Our experienced team can guide you through your options for child custody, spousal support, and property division. If you have questions or inquiries, contact us at (949) 951-9529 or visit our website at richardeyoungattorney.net.

Is Alimony Always Awarded in a California Divorce?

When it comes to spousal support or alimony, the question of whether it is always awarded in a divorce or not frequently comes up. In California, the answer isn’t as straightforward as one might hope. It’s not a given that alimony will be awarded in every case. Instead, it’s a decision made based on several factors and circumstances unique to each marriage. In this month’s blog, we will walk you through how alimony works in California.

Alimony concept. An envelope with cash on a table.

The Basics of Alimony in California

Alimony is intended to provide financial support to a spouse who may need it following a divorce. The idea is to ensure that both parties can maintain a standard of living reasonably close to what they enjoyed during the marriage. However, alimony isn’t automatically granted; it’s subject to judicial discretion and evaluation of multiple factors.

When considering spousal support, California courts look at the length of the marriage, the earning capacity, and the needs of each party. They also use phrases like “reasonable period of time” and “reasonable” to determine how long a supported spouse might need to be supported. 

Related: Learn more about alimony and child support here.

Temporary vs. Permanent Alimony

In California, there are different types of alimony that can be awarded: temporary and permanent. Temporary alimony, often referred to as “alimony pendente lite (APL),” is support awarded during the divorce process to help the lower-earning spouse maintain financial stability until the divorce is finalized. This type of support aims to keep things as stable as possible during a tumultuous time.

Permanent alimony, on the other hand, is awarded as part of the final divorce decree. However, the term “permanent” can be misleading because it doesn’t necessarily mean lifetime support. Instead, it can last for a specified period, particularly in marriages of shorter duration. For longer marriages, there’s a greater likelihood that support will be awarded for an extended period, but even then, it’s subject to modification.

Alimony sign on a black piece of paper and money.

Modifying or Terminating Alimony

Circumstances can change, and with them, so can alimony arrangements. In California, either party can request a modification of alimony if there’s a significant change in circumstances. This could include a change in income, employment status, or even the financial needs of the recipient. Additionally, factors such as the remarriage of the recipient or the death of either party can influence the division of retirement accounts and the termination of related alimony payments in a California divorce.

Related: Learn more about how the division of retirement accounts works in a California divorce here.

Conclusion

This process can be stressful and confusing, but Family Law Richard E. Young & Associates is here to help. We help you whether you are the paying party or the receiving party. Our lawyers represent clients in Lake Forest, CA, and other communities throughout Orange County. Call us at (949) 951-9529 or visit our website at richardeyoungattorney.net to schedule a consultation.

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

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

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.

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