Going through a divorce is a challenging and emotional process. When high assets become involved, the stakes can feel even higher. The financial complexities and legal battles that come with a high-asset divorce can take a toll on your mental health. It is important to prioritize your well-being during this difficult time and take steps to protect your mental health. Support and self-care Surround yourself with a strong support system of friends, family or a therapist who can provide emotional support and guidance. Talking to someone who understands what you are going through can help you navi ..read more

Getting married is an exciting time, but it is also important to consider the legal ramifications of your marriage. It is a common misconception that premarital agreements are only for the rich and famous. A premarital agreement, also known as a prenup, is a contract created before marriage that can help define property rights, financial interests, and spousal support if a marriage ends in divorce. A prenup can help protect your income and assets, and plan for any potential outcome of your marriage – providing financial security and greater peace of mind, as you enter this exciting new chapter ..read more

What is Mediation? Mediation is a confidential process in which a neutral third-party mediator assists the parties in reaching an agreement without going to court. Whatever is said in mediation cannot be disclosed in court. Mediation is typically less formal than court, allowing for a more flexible and collaborative environment. Parties can attend mediation with or without legal representation. Mediation is often used in the divorce process, and it is intended to help parties openly communicate with one another to reach a mutual agreement. In a divorce case, there are generally multiple issues ..read more

Starting the process of estate planning is an important milestone in safeguarding your legacy and ensuring the financial well-being of your family in the years to come. One of the most critical factors to consider when creating an estate plan is taxes. Although complex–and not at all exciting–the tax consequences of estate planning can vastly differ depending upon the structure of your plan. Let’s explore the different types of taxes that can affect your estate: 1. Estate Taxes: Estate taxes are a central concern in estate planning. These taxes are imposed on the transfer of assets after one’s ..read more

A will outlines how to distribute a person’s assets to their heirs. However, disagreements often arise. When these disagreements are serious, it can lead to a contested will. Because contested wills can cause potentially lengthy legal battles, taking proactive steps during estate planning is a must. Use clear and detailed communication Clear communication can prevent many conflicts over a will. Ensure family members understand your intentions by discussing your decisions openly. Address any concerns they may have and maintain transparent communication. Doing so can minimize the likelihood of d ..read more

Estate planning encompasses all of the land, money and heirlooms a person has. When people get incorrect information, they may accidentally make poor choices with these assets. Part of being a responsible individual means learning about common misconceptions related to estate planning. Myth 1: Estate planning is only for rich people Many think that only wealthy individuals need to worry about estate planning. However, estate planning is not just about money. These documents can include healthcare directives and the distribution of personal belongings. Regardless of a person’s financial status ..read more

A man gets a woman pregnant. They’re not married. She claims that he’s the father. He freaks out, buries his head in the sand, and is left off the child’s birth certificate. And then a year later, she files a request for child support. The dad meets the child, falls in love, and now he desperately wants to be part of the child’s life… without even knowing if he’s the father. Happens all the time. So now what does he do? Ideally he’d work with a paternity lawyer. If not, he’ll have to file a paternity petition with the court (with no idea how to do this) and hope that a judge will accept the pe ..read more

In many cases, pets occupy honored positions as family members. To some individuals, they are the same as children. Because of this, pet placement can be a contentious topic during divorce. The spouses do have the option to negotiate a settlement regarding the pet, but if they are unable or unwilling to do so, the judge makes the final decision. Property no more California law once designated pets as property, akin to cars or houses, in divorce cases. However, a 2019 law allows judges to treat them in a manner similar to children, awarding custody. Determining factors Just like with child cust ..read more

More people are turning to prenuptial agreements before marriage to keep their assets separate and to prevent disputes in the event of divorce. While prenups can address many financial matters, legal restrictions prevent certain inclusions. Couples who decide to create a prenup must understand what they cannot incorporate into this legal document. Alimony or Spousal Support Prenuptial agreements cannot determine or waive future alimony or spousal support payments. Courts retain the authority to decide these matters based on the circumstances at the time of divorce. Therefore, any attempt to in ..read more

Both mediation and arbitration are forms of resolving conflicts or legal issues (also called alternative dispute resolution) that offer options outside the traditional courtroom battle. The litigation process is time-consuming and costly. Parties seeking a faster, more cost-effective resolution of their legal dispute may consider ADR. Most couples in California can successfully reach a divorce settlement without going to trial at all, with the assistance of an experienced mediator or arbitrator. Resolving your dispute outside of court can save you time, stress, and money. But while they share ..read more