When a spouse owns a home prior to marriage and community funds are used to pay down the property, it creates a community property interest. The state of California uses a formula called Moore Marsden to determine if one spouse should receive any money due to contributing mortgage payments.

During a marriage, your life becomes intertwined with that of your spouse, but what about spouses who are also business partners?

The average cost of a divorce in California is $17,500. All cases will incur an initial filing fee. In San Diego, this costs $435 and additional motions bring additional fees. This ballpark range is strictly an estimate; significant assets, children, and how contested the divorce is will all add to the expense.   In complex divorces that are highly contentious or go to trial, it is possible for the cost of divorce to exceed $100,000. The cost of a complex divorce will be impacted by the necessity of experts.

When you file for bankruptcy in California, it freezes all financial matters. Everything related to property, assets, debts, and the rest comes to a screeching halt. This includes the division of property. Until you put the money issues to bed, you can’t finalize your divorce.

You may need a new place to live after ending your marriage, but it may not be the right time to buy a house during a divorce.

Every divorce has a lot at stake, but high asset divorce presents its own unique problems. Here are some costly common mistakes people make.

During a divorce you lose assets you likely need to replace. Rebuilding your finances post-divorce should be a huge priority.