Division of Assets Blog | Pasadena Attorney

24

Jul 2019

Why You Should Never Hide Assets in a Divorce

When couples get divorced, they will have to divide their assets. This is typically one of the most contentious and debated aspects of the divorce process. Commonly seen in Pasadena divorce cases, some spouses may consider hiding their assets during property division because they want to make sure they can keep them after their divorce is finalized, or because they feel they are entitled to more ...

Posted By Donald P. Schweitzer

5

Apr 2019

How to Divorce-Proof Your Business

According to information from the American Small Business Administration, 90% of the country's businesses are family-owned. With the current divorce rate at around 50%, many family companies are put at risk because of asset division in times of divorce. Because California has community property laws, any money earned during a marriage is counted as a shared asset. Even a business started before a ...

Posted By Donald P. Schweitzer

18

Mar 2019

3 Mistakes in a High Asset Divorce

Regardless of the circumstances, divorce can create an expensive toll on the emotions and the finances of each party. In a high-asset divorce, there is a lot at stake. How does one fairly divide the property and finances? A family law attorney can help. In addition, it is critical to avoid these three costly mistakes. 1. Making Emotional Decisions When emotions are high, it's easy to make rash ...

Posted By Law Offices of Donald P. Schweitzer

10

Apr 2018

Kick Out Orders - GOOD TO KNOW

Don discusses Kick Out Orders and gives advice on getting an exclusion of the family residence and tips on the best options for your situation. https://www.youtube.com/watch?v=Ae1EBqQw_Yg&t=5s

Posted By Donald P. Schweitzer

28

Mar 2018

GOOD TO KNOW - Date of Seperation

On this episode of GOOD TO KNOW - Family Law Topics, Don discusses the delicate and sometimes confusing topic: Date of Separation. Watch to learn important information that will help you in your situation. https://www.youtube.com/watch?v=KdMrN_RF9q4&t=3s

Posted By Donald P. Schweitzer

29

Jun 2017

Five Reimbursement Claims You May Be Entitled to From Your Soon to be Ex-Spouse

A big part of the divorce process involves determining each parties’ right to be reimbursed for various expenditures made either during their marriage or after the parties separated. In fact, the reimbursement claims made by the parties are often the most litigated issues of a divorce, and given the numerous reimbursement rights afforded by law, identifying reimbursement claims worth pursuing can ...

Posted By Donald P. Schweitzer

26

May 2017

Five Tips on Preserving and Tracing Your Separate Property Claims

An important part of the divorce process is the division of marital assets, which is governed by our state's unique community property laws. In California, property acquired from the date of marriage to the date of separation is presumed to be community property. Spouses have equal interests in their community's property. Conversely, property acquired before marriage, after the date of separation, ...

Posted By Law Offices of Donald P. Schweitzer

12

Jan 2016

Divorce and Navigating Separate vs Community Property

By Don Schweitzer What's mine is mine and what’s yours is mine is a common misconception spouses have when going through a divorce and dividing property. In reviewing a recently published decision, entitled in re Marriage of Bonvino, we are reminded that the law provides for the preservation of spouse's separate property rights, so long as certain facts can be proven by the spouse who has the ...

Posted By Law Offices of Donald P. Schweitzer

24

Apr 2015

Beware: The Gifts You Receive from Your New Beau May Not Be Yours to Keep

By Deborah Soleymani, Esq. and Casey J. Marticorena, Esq., CFLS. A Los Angeles Superior Court Judge recently ruled in favor of Shelly Sterling, ordering V. Stiviano to return $800,000 in cash and cars, and a $1.8 million duplex gifted to her by Donald Sterling. The ruling is legitimate and comes from the legal principal of community property. The California community property law states that all ...

Posted By Law Offices of Donald P. Schweitzer

11

Mar 2015

Do I Get My Separate Property Back After Divorce?

Written By: Lucy Vartanian, Esq. and Casey J. Marticorena, Esq. The scenario is all too common. Mike and Molly purchase a Malibu mansion. Mike uses $200,000.00 of his inheritance money for the down payment. Under California law, inheritance money is separate property. Fast forward ten years, Mike and Molly are headed for a divorce and Mike wants his $200,000.00 back. Fortunately, for Mike, ...

Posted By Law Offices of Donald P. Schweitzer

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