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What are prenup and postnup agreements? Prenuptial (“prenup”) and postnuptial (“postnup”) agreements are financial contracts that proactively delineate how marital property will be divided and what financial responsibilities will be assumed by each spouse in the event of divorce. The main difference between...
Prenuptial agreements for entrepreneurs are financial contracts that many may have little knowledge about which is why we are going to cover the basics in this post. For some, prenuptial agreements (“prenups”) may have a negative connotation. They are financial contracts that may...
Often times, questions arise in a child custody case when the child is removed from the country of the child’s habitual residence or the parents’ residence. For the parent who remains in the original locality, there is legitimate concern regarding whether custodial rights...
Professional jobs often have unique burdens, and the medical profession is no exception. Stress from the nature of medical practice can often bleed into the personal life of such individuals. Midnight phone calls, abandoned dinner on the table, a hurried departure from a...
By Jim Hoover, Partner & Certified Family Law Specialist, Hoover Krepelka, LLP There’s already enough financial uncertainty in a divorce: but what happens when either you or your ex-spouse loses a job? Well, you blame the other spouse, of course! That unhelpful answer...
We have written many times on this blog that California follows the “community property” model of asset division in divorce. Stated simply, this means that most assets acquired by either spouse during the marriage are considered community property (jointly owned) and are subject...
California state law gives both spouses an interest in shared community property. Even when one spouse earns more than the other, the household income earned during the marriage is usually marital property that the couple will have to divide. The same is true...
You started the company that you own with the intention of supporting your family. You never anticipated that your relationship with your spouse would reach a point where divorce seems like a real possibility. However, that is your current situation. You run and...
California professionals working in high-demand occupations often have very complex compensation packages. Companies offer many benefits, including deferred stock options, to incentivize a long relationship with newly-acquired talent and to have them invested in the company’s growth. As a married professional contemplating divorce,...
If you’re nearing retirement and are considering a divorce, it’s important to understand how this will impact your finances. You are probably concerned that your ex-spouse will get half of your retirement savings. Here is what you need to know about splitting retirement...
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