Divorce and the Financial Crisis Archives

How Are Marital Assets Valued In California?

When going through a divorce it is necessary to place a value on items deemed to be community property, which includes all assets and debts acquired by either spouse during the course of the marriage. There are some exceptions, such as property acquired by gift or inheritance, or property acquired prior to the marriage or after the separation.

I Think My Spouse is Hiding Assets

If your spouse has maintained complete control of all banking information, is secretive about his or your financial affairs, deletes or clears financial programs like QuickBooks™, or maintains a questionable relationship with financial advisors, you may need to consider searching for hidden assets during your divorce. If you can discover hidden assets and expose those to the court, the judge will handle disputes of property and accounts much differently, and more likely in your favor. 

Omitted Assets: A Magic Trick of Divorce

In the world of magic, one of the hardest tricks is to make an object disappear. Magicians spend countless hours working to convincingly make objects vanish from view. Unfortunately, magicians are not the only ones capable of performing disappearing acts. During divorce, one spouse may try to make assets disappear from the view of the ex-partner. Assets include everything from a piece of property, to a boat, to a baseball autographed by Babe Ruth. Regardless of what form it takes, a hidden asset is an omitted asset.

Out of State Ruling Leads to Rethinking Divorce Settlements that Include College Tuition Provisions

A recent out of state court ruling may lead divorcing couples to rethink provisions in their settlements as it pertains to their children's college education commitments. The potential consequences of such a ruling fall on divorcing parents, who might now be reluctant to accept a commitment to fund a college education as part of their settlement, and their college-bound children who might face a more uncertain future.

Supreme Court Ruling Reverberates For Pension Beneficiaries

An often overlooked but eminently important area of divorce is the changing of beneficiaries on retirement plans, insurance policies and other financial instruments or holdings. Upon final settlement and with legal guidance, people who have divorced should conduct an entire review of the beneficiaries listed on their various assets, and make changes where appropriate. A recent U.S. Supreme Court ruling underscored both the importance of changing beneficiaries, and the possible adverse consequences of failing to do so.

Bernard Madoff Scandal: The Paramount Importance of Multiple Valuations and Appraisals

The hardships and repercussions that the current financial crisis is wreaking upon people's lives have now moved from the present and future, and reached back into the past. New revelations from the Bernard Madoff scandal have underscored the importance of both complete transparency, and valuation methods used, as they relate to equitable divorce settlements. Whether valuing businesses, real estate holdings, illiquid hedge fund investments or other financial stakes, divorcing parties should obtain multiple valuations from reputable and independent experts.

  • AV Preeminent Martindale Hubbell lawyers Ratings State Bar Of California | California Board of Legal Specialization Ventura County  bar association | Est. 1928 The State Bar of California Beverly Hills Bar Association ABA Defending Liberty Pursuing Justice
  • San Fernando Valley Bar Association LACBA | Los Angeles County Bar Association Avvo Super lawyers TLC | Los Angeles | Trial Lawyers Charities

Contact Us for a Consultation

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Email Us For A Response

Contact Information

Calabasas Office
23501 Park Sorrento
Suite 103
Calabasas, CA 91302

Map & Directions

Beverly Hills Office
433 North Camden Drive
Suite 600
Beverly Hills, CA 90210

Map & Directions

Click to View Offices