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Bay Area Family Law Blog

Seeking hidden assets during divorce

Divorce brings uncertainty, and you may be among those divorcing couples in California who are feeling concerned about your future. Even if you have lived a comfortable life during your marriage, you now face the prospect of losing a great deal, including possessions, income and time with your children.

Based on your understanding of the status of your finances, if everything is fair during your divorce proceedings, you should be able to move into this new phase of life with financial security. However, how would you know if your spouse is stashing away assets, whether to provide more security for his or her own future or simply as a spiteful gesture to keep you from getting your fair share?

These co-parenting tips can improve your life

After a divorce or separation, you may have many concerns about co-parenting. Although you need to do what's best for you, there's nothing more important than the well-being of your child.

Here are five co-parenting tips that can improve your life, all the while ensuring that you and your child maintain a strong relationship:

  • Be flexible: There will be times when a flexible schedule is a must. Don't lose sight of this if the other parent asks for a change.
  • Don't turn everything into an argument: There will be times when you argue with the other parent. Your goal is to minimize these arguments by picking your battles wisely.
  • Think about the other parent's feelings: It's not always easy to do, especially if you are no longer getting along, but practicing empathy will help keep the peace.
  • Open up the lines of communication: You don't have to talk about anything else, but when it comes to your child, you need to have a communication plan in place. From texts to phone calls to emails, there are many ways to stay in touch.
  • Respect his or her time with your child: When your ex-spouse is spending time with your child, don't interject yourself and spoil the experience.

Splitting retirement accounts in divorce: Remember these points

There is a lot to think about during the divorce process, with property division placed high on your priority list.

In the past, the family home was the biggest sticking point when dividing assets. While this is still important, retirement accounts should also command a lot of your attention.

Does your spouse want a divorce? Look for financial clues

It goes without saying that most people know when things aren't right in their marriage. Even so, you may overlook some signs that divorce is closing in on you.

It's only natural to focus on your personal relationship with your spouse, such as how you are getting along and how you deal with any arguments that come to light.

Things to consider when creating a parenting plan

Creating a parenting plan during your divorce is easier said than done, as you'll need to closely work with the other parent in order to figure everything out.

Despite the fact that you may not agree on every last detail, you'll want to go into the process with the idea that compromise will go a long way in putting a bad situation in the past.

When your ex wants to move away with the kids

You may have thought there was no more helpless feeling than the one you experienced as the court ruled on your custody arrangement during your divorce. The precious time you share with your children became even more important after you were limited by a court order, even if the time was split equitably between you and your former spouse.

However, you are now feeling a new level of helplessness since your ex-spouse notified you of his or her intentions to move away with the children to another city or away from California altogether. While it is reasonable to feel like the situation is out of your control, knowing your rights in a relocation situation may help you make wise moves to protect your custody privileges.

What are the main reasons to establish parentage of a child?

Establishing parentage is exactly what you would expect. This means that you sign an official Declaration of Paternity or obtain a court order that outlines who the legal parents are.

It's important to understand the reasons to establish parentage, such as the fact that the child has the benefit of knowing for sure who both their parents are. Along with this, there are many legal rights that get passed along to the child, such as:

  • Financial support from both their mother and father
  • Legal documentation
  • Access to family history and medical records
  • Both parents' names on their birth certificate
  • The ability to receive medical insurance coverage from either parent
  • The opportunity to receive an inheritance from both parents
  • The right to receive veteran's benefits and/or Social Security, if applicable

The ex of Tradesy's owner sues for his share of company profits

The husband of the founder and owner of the online e-commerce site Tradesy filed a lawsuit on April 30 against his estranged wife. In his Los Angeles Superior Court filing, he alleges that his wife breached her verbal promise she'd made to share Tradesy's revenues with him.

According to the husband, he apparently took a break from his music career for a period in order to dedicate additional time to his partnership with his wife.

Property division can be very complex and challenging

There are many points of a divorce that might prove to be a challenge. For many people going through this process, the property division is the most difficult. This is because people connect to their assets emotionally, as well as financially. If you are going through a divorce, you need to make sure that you are looking at this based on the factors of your case.

One situation that can make property division even more difficult than normal is the presence of a business in the assets. In these cases, the fate of the business often depends on the outcome of the divorce. You have a few options for the business.

  • You and your ex can run it together
  • One person can buy the other out
  • Sell the business and split the profit