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January 2020 Archives

Splitting an IRA account in a gray divorce

The number of divorces in California and around the country involving spouses over the age of 50 has increased significantly in recent years even though the overall divorce rate has remained fairly consistent. IRA and 401(k) accounts are usually among the most significant assets divided in a gray divorce, and dealing with them is often difficult because of strict regulations and complex tax laws that were drafted to deter individuals from plundering their retirement savings.

Creating a postnuptial agreement

Many couples in California get married without creating a prenuptial agreement. Even if a couple has no prenup in place, a postnuptial agreement can be created during a marriage. A postnuptial agreement is similar to a prenup in that it's an agreement about who owns what and what will happen to property in the event of a divorce.

How to use information from a calendar in divorce

During a divorce in California, one of the difficult tasks for parents may be trying to reconstruct a schedule and list of expenses for their children. This is necessary in order to determine child support, but under the stress of divorce, parents may struggle to remember all the facts they need for this process. A calendar from the past year can help.

The start of a new year could spark a rise in divorce filings

Throughout the year, many Californians decide their marriage is no longer working and choose to move forward with a divorce. While the time of year might not seem relevant in ending a marriage, statistics indicate that there are certain months in which more people divorce. One of those months is January. With the new year beckoning, this should be considered in the context of family law and divorce.

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