by Zonder Family Law Group In a California divorce, the legal process commences with one party filing a Petition, and then serving the Petition and Summons on the other party, who then has the option of filing and serving a Response. The next phase of the divorce process involves the parties serving on one another...Read More
by Kathy Costas of EP Wealth and Lisa Zonder of ZFLG A divorce during or close to retirement can result in unique financial concerns. Here are some of the most common issues and tips to help navigate them. Creating Two Income Streams If you are nearing retirement while contemplating divorce, you may be...Read More
Attorneys’ fees in a divorce can be enormous expenses for both parties involved, but of course they are sometimes necessary to get the fair result one is seeking, whether related to property issues, spousal support, or child custody and/or child support. Attorneys’ fees certainly eat into your personal “profits” for the year and act as...Read More
For many divorcing couples, the most significant assets to be divided in a divorce are the house and any retirement funds, whether those funds be in the form of an employer-sponsored account such as a 401(k) or a pension, or individually-managed IRA (including a SEP IRA and/or Roth IRA), solo 401(k), etc. There are several...Read More
It’s not at all uncommon for the parent(s) of a spouse going through a divorce to help their adult child out financially through the difficult period of adjusting to life post-separation. This could mean something as simple as sending a few small checks to help cover bills or pay for an apartment deposit. But in...Read More
The two major financial issues that spouses deal with in a divorce with respect to one another (meaning, not relating to child support for the children’s benefit) is property distribution and spousal support. With property distribution, the parties are negotiating (or having the judge decide, if need be) how much of the existing property at...Read More
One of the most misunderstood concepts in family law is that there is a universal, or at least nationwide, set of rules that applies to divorces. There is not, and each state sets its own laws applying to divorces. So what you saw in a movie, or what you heard about a celebrity divorce in...Read More
As most people are aware, both the federal government and the state of California have postponed the deadline for filing and paying taxes for the 2019 tax year from April 15 to July 15 to provide relief for those facing a cash crunch during the coronavirus pandemic. For those going through the process of divorce...Read More
If you are considering splitting from your spouse, you may have heard the term “legal separation” thrown around as an alternative to a “divorce” or “dissolution” (a “dissolution” is the legal term for the court’s action in terminating a marriage in marriage, thus “dissolution” and “divorce” basically mean the same thing for a layperson). Indeed,...Read More
As of the writing of this article, the stock market has been relatively stable for at least a few weeks in comparison to the wild days of late February and March, when the Dow Jones Industrial average lost approximately 35% of its value in a matter of weeks before making a limited recovery. Even today,...Read More
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