After almost five decades of being divorced, a woman will finally be receiving support from her former husband for their now adult child. The California resident successfully sued her former husband for child support he owed for their 52-year-old daughter who was 3 at...
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Month: March 2019
Community property state treats debt differently in divorce
Dividing up debt does not follow absolute rules in a divorce proceeding. Even though one party assumes all of the debt by being the only person named on a credit card account, for example, courts will sometimes order that the other party pay some or all of the account...
Community property and handling credit card debt in a divorce
When a couple decides to move forward with divorce, it is a decision that will being many significant changes to to the lives of both parties. Division of marital property and how credit card debt is handled will affect a person's financial stability for years to...
Divorce for Boomers can challenge existing retirement plans
The baby boomer population is mostly alive and well in California and nationwide. They are entering their retirement years and making out their estate plans to transfer a massive base of wealth to their heirs in the coming years. What happens to the normally...