Dividing property incident to divorce is not just putting your assets into one pile for each spouse. You also must divide the debt that the community has accumulated during the course of your marriage. In California, community property includes all assets and liabilities incurred from the date you married until the date you separated other than separate property that was given … [Read more...] about Dealing with Debt during Divorce
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The Benefits of a Collaborative Approach in Division of Assets and Debts
Collaborative Practice utilizes a team approach to the divorce process. As a Certified Financial Planner (CFP) and Certified Divorce Financial Analyst (CDFA), I want to share with you how I see tremendous value in a team approach to asset division. The typical litigation model using a divorce attorney includes a listing of your assets and a “reasonably fair” division worked out by the … [Read more...] about The Benefits of a Collaborative Approach in Division of Assets and Debts