John and Jane are a married couple who live together in a home in California. They acquired the property shortly after their wedding twenty years ago. Jane has a photography studio in a loft above the garage where she meets with clients weekly. John, an avid builder, has spent … [Read more...]
Can you withdraw $200,000 penalty-free from a retirement account under the CARES Act in 2020?
In 2020, the CARES Act permitted anyone under the age of fifty-nine and a half to withdraw up to $100,000 from an IRA or other defined employer plans like a 401(k), 403(b), or 457(b) without incurring a ten percent early withdrawal penalty (retroactive to January 1, 2020 if they … [Read more...]
Who’ll make healthcare decisions during divorce?
"The moment of death, like that of birth, is our time of greatest need." ~Andrew Holecek COVID-19 has brought us face to face with our mortality and the hazards of critical illness. We could be placed in isolation or on ventilators. We may become incapable of making our … [Read more...]
California Divorce Court Closures and Coronavirus Updates
The California Judicial Council is closely monitoring the COVID-19 coronavirus outbreak, and has advised the courts to follow the guidance of the Department of Public Health and the federal Centers for Disease Control and Prevention to limit the spread of the virus. As of … [Read more...]
Marrying or divorcing a trust fund beneficiary in California?
Lisa and Jean had fairy tale weddings and luxurious lifestyles during marriage. They lived in multi-million dollar homes in Napa and San Francisco, drove Porsches, had nannies and housekeepers, and travelled to exotic destinations. Both also were horrified during divorce when … [Read more...]
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