Recent Posts in Property Division Category
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What Happens to the Family Home in a California Divorce?
Posted By Law Offices of Keegan & Myers, PCContinue Reading
In many marriages, the most valuable asset couples have is the marital home, which is why determining what happens to it in a divorce can be one of the hardest decisions. Additionally, people are emotionally attached to their home, especially when children are involved. Remember, California is a “community property” state, meaning that the marital property is equally owned by both spouses, unless ...
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Divorce and Real Estate Mistakes: How to Avoid Them
Posted By Myers Family LawContinue Reading
Navigating a divorce requires you to deal with many challenges, especially when it comes to real estate. You will need to determine how to divide real estate, what to do with your martial home, and more. This adds even more confusion to the mix. When it comes to divorce and real estate, here are some mistakes you want to avoid. What Not to Do When Navigating Marital Property Division During a ...
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How Do You Divide a Business in a Divorce?
Posted By Myers Family LawContinue Reading
What happens to a family business during a divorce ? If this question keeps popping up in your head, you are not alone. In California, a business is considered an asset, which is subject to division during a divorce if considered marital property. Determining the value of a business requires the assistance of seasoned professionals, including accountants and appraisers. Today, we go over the ...
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Is California a Community Property State?
Posted By Law Offices of Keegan & Myers, PCCalifornia is considered a “community property” state and does not follow equitable distribution rules. This means a married couple’s community property should be divided equally in the event of a divorce (if there is no written agreement, such as a prenuptial agreement). Community property – also known as marital property – consists of all assets that a couple acquires during the marriage. To ...Continue Reading -
How to Handle Divorce and Mortgage
Posted By Myers Family LawWhen spouses divorce, they often struggle with figuring out how they will afford the mortgage on a single income. Whether you are taking on an existing mortgage or plan to secure a new one after your divorce , there are several things you can do to make the process easier to manage. Get Advice from Professionals When it comes to managing major finances like a mortgage, you need to be informed and ...Continue Reading
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