You're negotiating a separation or divorce agreement, and your spouse offers to pay you $X monthly for X years in exchange for your ownership interest in the house, retirement account, stock options or some other valuable asset. Should you accept your spouse's offer? Should you … [Read more...]
How to determine the house value in divorce
You and your spouse own a home together. One of you wants to buy the other out to divide the community property equally. How do you determine the house value in divorce and calculate the equalization payment? If you negotiate a marital settlement agreement or stipulated … [Read more...]
Who pays the student loans in divorce in California?
Unless it would be “unjust," or a married couple otherwise agrees in writing, California Appellate court's have held that, a spouse's student loans "must be assigned for payment to the spouse who obtained the education or training." (California Family Code Section 2627) But, if … [Read more...]
How to make a decision about selling your house in divorce
Selling your house in divorce is rarely easy. But making the decision to keep or sell may be easier, at least from a financial viewpoint, if you use these suggestions as a starting point for your decision-making process. 1. Know your real bottom line. Real estate agents may … [Read more...]