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Posts tagged "valuation"

When a picture paints two words -- community property

Whatever one's taste in art, there is little doubt that into every creation, the artist is likely to have poured his or her heart and soul. On this basis, an artist may not consider such items in terms of material possessions. In California, it may come as a shock to an artist to discover that one's intellectual property may be considered community property in divorce proceedings.

When California property division in a divorce means business

Divorce is often financially complex. In a community property state such as California, it may stir up emotions when deciding, for example, which spouse gets the wedding china. For couples who own a business together, there can be unforeseen complications that do not present themselves until divorce is in the cards. In those circumstances, property division is not only about the present, but also the future.

John Sculley, former Apple CEO, in hidden assets allegation

Divorce proceedings can be complex and time consuming. Once a divorce is finalized, one may consider that to be the end of the matter, and, in the majority of cases, that is true. For a few California residents, important information regarding hidden assets may come to light at a later date. This may necessitate a re-evaluation of the original settlement.

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