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Casual Articles - General Property Issues Related to Divorce and Family Law in California.
If you run a mobile auto detailing business or a mobile car wash business you may wish to consider doing business with regional car rental agencies. You see, typically the larger corporate rent-a-car type corporations may not be so easy for you to get as customers if you're a small independent mobile car wash firm.However, many regional Rent-A-Car companies and agencies do in fact make sense as clients. Also normally they do not require as much paperwork or insurance liability limits and this makes them excellent target customers. Now then, let's take a look at one regional car rental company to understand the dynamics and how these companies operate; Doing Business with ACE Rent-A-CarACE Rent-A-Car i
Separate Property
Separate property is all property that was acquired before marriage; during marriage by devise, will, or inheritance; and after legal separation. The proceeds from a personal-injury judgment or settlement are also separate property, even if they were received during marriage.
Upon the court making a finding that property is separate property, the person owning said separate property will leave the marriage with their separate property.
Separate property can be transmuted (converted) to community property by intent, or by inadvertence. For instance, a party may have a separate bank account before marriage that would be considered separate property. If the party then takes income that was earned during marriage and deposits that money into their separate bank account, they ma
Business is nothing but earning through money. You are always in need of money to earn more money. Do not worry even if you do not have any security to offer and still want money to be invested in business by taking some loan. Unsecured business loans are available in the financial market and you can apply for such loans irrespective of the fact that whether you are a homeowner or a tenant. Unsecured business loans cater to both these classes of borrowers.Business dynamics are such that they demand quick response in any situation. Any delay in arranging funds can devoid you of a golden opportunity or may turn your profits into losses. Unsecured business loans can quickly meet the urgent requirements of your b
California is a community property state. All property that is purchased or acquired during marriage, or transmuted (converted) to community property during marriage is community property.
The husband and wife in a marriage, each own an undivided one half interest in all community property of the marriage.
Community property is not divided, unless divorce proceedings are initiated, or upon the death of either the husband or wife.
Community property can be either real property or personal property. Community property can also be businesses, pension plans, or any other type of tangible thing that is acquired during marriage.
Community property is ordinarily one of the major issues involved in divorce actions.
Quasi Community Property
Quasi community property is property that is acquired outside of the state of California during marriage. Although married couples may have purchased property in a state that is not a community property state like California, the property will basically be treated as though it were community property for purposes division in a divorce action in the state of California.
Businesses
Businesses that were started during a marriage are community property. In some instances a person may have owned an existing business before they were married, and continue the business after marriage. In a divorce action, the courts will allocate a percentage of value to the business "after marriage" to determine which portion of the business is community property.
If you owned an existing business before marriage, it is extremely important for you to consult with an attorney in a divorce action as soon as possible.
Pensions
Any portion of Pensions, IRA's, 401(k) s, Retirement plans, etc., that were contributed during marriage are community property.
Ordinarily the funds from pension plans are not obtainable until the pension plan vests and matures. Therefore special orders are necessary from the court so that each party is able to get their portion of any retirement plan after it matures and vests. These orders are ordinarily called qualified domestic relations orders or QDRO's for short.
Obviously parties to a divorce have a vested interest in ensuring that they get their fair portion of any pension or retirement plans after a divorce.
Community Income, Bank Accounts, Stock, and Investments
All income earned during a marriage is considered community income. This is true even in one of the parties to a marriage earns money in a business that was theirs prior to marriage. Community income is the same as community property, in that each party owns a one half undivided interest in community income.
Each party to the marriage has a right to spend and use community income, even if they are not the one that earned the money. However, after legal separation or the initiation of divorce proceedings, parties may only use community property for the necessities of life and to pay their attorney.
Likewise, any bank accounts, stock, and/or investments that are acquired during the marriage are also community property. This is true even if the bank account, stock, and/or investment is only in the name of one of the parties.
Some parties try to secret money into separate bank accounts during marriage, and/or hide assets there were acquired during marriage from the other party.
If you are a party in a divorce action, you have what is called a fiduciary duty of disclosure. What this means is that you must disclose all assets, bank accounts, and other of the investments that were acquired during the marriage to the other party. If you fail to fully disclose your assets and/or income to the court and the other party, the court could severely punish you.
You may have read about the case where a wife won the lottery, and then initiated divorce proceedings against her husband. She failed to inform the court and her husband about the fact that she won the lottery. As punishment for her failure to disclose the fact that she won the lottery, the court gave her husband the entire amount of the lottery winnings.
Separate Property
Separate property is all property that was acquired before marriage; during marriage by devise, will, or inheritance; and after legal separation. The proceeds from a personal-injury judgment or settlement are also separate property, even if they were received during marriage.
Upon the court making a finding that property is separate property, the person owning said separate property will leave the marriage with their separate property.
Separate property can be transmuted (converted) to community property by intent, or by inadvertence. For instance, a party may have a separate bank account before marriage that would be considered separate property. If the party then takes income that was earned during marriage and deposits that money into their separate bank account, they may
Forex traders often look at indicators such as Bollinger Bands, Pivot Points, MACD, Moving Averages and the such to help them determine where to enter or exit trades. Using technical indicators is fine, however many traders overemphasize their importance or just plain misunderstand them.Many forex traders think that they can simply download an indicator and then mechanically apply it into their trading and do so profitably. This is just a plain illusion. Successful traders realize that there is a lot more to using indicators than just asking them to generate buy/sell signals or pin-point exact entry points. Technical indicators for them represent just one part of their trading strategy.Let’s take a
Businesses
Businesses that were started during a marriage are community property. In some instances a person may have owned an existing business before they were married, and continue the business after marriage. In a divorce action, the courts will allocate a percentage of value to the business "after marriage" to determine which portion of the business is community property.
If you owned an existing business before marriage, it is extremely important for you to consult with an attorney in a divorce action as soon as possible.
Pensions
Any portion of Pensions, IRA's, 401(k) s, Retirement plans, etc., that were contributed during marriage are community property.
Ordinarily the funds from pension plans are not obtainable until the pension plan vests and matures. Therefore special orders are necessary from the court so that each party is able to get their portion of any retirement plan after it matures and vests. These orders are ordinarily called qualified domestic relations orders or QDRO's for short.
Obviously parties to a divorce have a vested interest in ensuring that they get their fair portion of any pension or retirement plans after a divorce.
Community Income, Bank Accounts, Stock, and Investments
All income earned during a marriage is considered community income. This is true even in one of the parties to a marriage earns money in a business that was theirs prior to marriage. Community income is the same as community property, in that each party owns a one half undivided interest in community income.
Each party to the marriage has a right to spend and use community income, even if they are not the one that earned the money. However, after legal separation or the initiation of divorce proceedings, parties may only use community property for the necessities of life and to pay their attorney.
Likewise, any bank accounts, stock, and/or investments that are acquired during the marriage are also community property. This is true even if the bank account, stock, and/or investment is only in the name of one of the parties.
Some parties try to secret money into separate bank accounts during marriage, and/or hide assets there were acquired during marriage from the other party.
If you are a party in a divorce action, you have what is called a fiduciary duty of disclosure. What this means is that you must disclose all assets, bank accounts, and other of the investments that were acquired during the marriage to the other party. If you fail to fully disclose your assets and/or income to the court and the other party, the court could severely punish you.
You may have read about the case where a wife won the lottery, and then initiated divorce proceedings against her husband. She failed to inform the court and her husband about the fact that she won the lottery. As punishment for her failure to disclose the fact that she won the lottery, the court gave her husband the entire amount of the lottery winnings.
Separate Property
Separate property is all property that was acquired before marriage; during marriage by devise, will, or inheritance; and after legal separation. The proceeds from a personal-injury judgment or settlement are also separate property, even if they were received during marriage.
Upon the court making a finding that property is separate property, the person owning said separate property will leave the marriage with their separate property.
Separate property can be transmuted (converted) to community property by intent, or by inadvertence. For instance, a party may have a separate bank account before marriage that would be considered separate property. If the party then takes income that was earned during marriage and deposits that money into their separate bank account, they ma
Employers forced out of offices by the Attack on America and employees fearful of future attacks of airplanes or anthrax are using technology to get the job done. Telecommuting, a trend of the past decade is enjoying a revival and presenting a new challenge for both employers and employees. Forced to develop specific guidelines for telecommuters, employers find themselves at a loss on how to manage the distance worker. Employees face the challenge of integrating their professional life into their personal space, often space previously used by family members. More challenging, perhaps, is that not every job, not every worker, is suited for working at home. So regardless of whether working at home is by choice or
Obviously parties to a divorce have a vested interest in ensuring that they get their fair portion of any pension or retirement plans after a divorce.
Community Income, Bank Accounts, Stock, and Investments
All income earned during a marriage is considered community income. This is true even in one of the parties to a marriage earns money in a business that was theirs prior to marriage. Community income is the same as community property, in that each party owns a one half undivided interest in community income.
Each party to the marriage has a right to spend and use community income, even if they are not the one that earned the money. However, after legal separation or the initiation of divorce proceedings, parties may only use community property for the necessities of life and to pay their attorney.
Likewise, any bank accounts, stock, and/or investments that are acquired during the marriage are also community property. This is true even if the bank account, stock, and/or investment is only in the name of one of the parties.
Some parties try to secret money into separate bank accounts during marriage, and/or hide assets there were acquired during marriage from the other party.
If you are a party in a divorce action, you have what is called a fiduciary duty of disclosure. What this means is that you must disclose all assets, bank accounts, and other of the investments that were acquired during the marriage to the other party. If you fail to fully disclose your assets and/or income to the court and the other party, the court could severely punish you.
You may have read about the case where a wife won the lottery, and then initiated divorce proceedings against her husband. She failed to inform the court and her husband about the fact that she won the lottery. As punishment for her failure to disclose the fact that she won the lottery, the court gave her husband the entire amount of the lottery winnings.
Separate Property
Separate property is all property that was acquired before marriage; during marriage by devise, will, or inheritance; and after legal separation. The proceeds from a personal-injury judgment or settlement are also separate property, even if they were received during marriage.
Upon the court making a finding that property is separate property, the person owning said separate property will leave the marriage with their separate property.
Separate property can be transmuted (converted) to community property by intent, or by inadvertence. For instance, a party may have a separate bank account before marriage that would be considered separate property. If the party then takes income that was earned during marriage and deposits that money into their separate bank account, they ma
Spyware is any type of program that installs itself on a computer without the knowledge of the user and uses the Internet connection without the permission of the user. Removing spyware using spyware removal programs such as Ad-ware and Spybot can solve this problem. These spyware removal tools can only be effective if their definition files are properly updated. This is because uninstalling the program attached to the spyware may not remove it.Some of the other common programs that are similar to spyware are datamining, aggressive advertising, parasites, scumware, key loggers, selected Trojans, dialers, malware, Browser hijackers, and tracking components. Many P2P clients such as Bearshare, LimeWire, Kazaa a
Likewise, any bank accounts, stock, and/or investments that are acquired during the marriage are also community property. This is true even if the bank account, stock, and/or investment is only in the name of one of the parties.
Some parties try to secret money into separate bank accounts during marriage, and/or hide assets there were acquired during marriage from the other party.
If you are a party in a divorce action, you have what is called a fiduciary duty of disclosure. What this means is that you must disclose all assets, bank accounts, and other of the investments that were acquired during the marriage to the other party. If you fail to fully disclose your assets and/or income to the court and the other party, the court could severely punish you.
You may have read about the case where a wife won the lottery, and then initiated divorce proceedings against her husband. She failed to inform the court and her husband about the fact that she won the lottery. As punishment for her failure to disclose the fact that she won the lottery, the court gave her husband the entire amount of the lottery winnings.
Separate Property
Separate property is all property that was acquired before marriage; during marriage by devise, will, or inheritance; and after legal separation. The proceeds from a personal-injury judgment or settlement are also separate property, even if they were received during marriage.
Upon the court making a finding that property is separate property, the person owning said separate property will leave the marriage with their separate property.
Separate property can be transmuted (converted) to community property by intent, or by inadvertence. For instance, a party may have a separate bank account before marriage that would be considered separate property. If the party then takes income that was earned during marriage and deposits that money into their separate bank account, they ma
In any business it's very difficult to successfully do everything yourself. A carpenter might have the practical skills to start his own furniture business but lack the financial or marketing skills to make it a success. Somebody with a keen business brain might spot an opening for a classy restaurant but lack any culinary knowledge with which to create the actual menu or food itself.When starting out in business, there's always the temptation to take on as many tasks as possible yourself in order to cut down on staffing costs. However, trying to accomplish tasks that are outside your field of expertise can deliver poor results and distract you from the tasks that you do have the skills to accomplish successf
Separate Property
Separate property is all property that was acquired before marriage; during marriage by devise, will, or inheritance; and after legal separation. The proceeds from a personal-injury judgment or settlement are also separate property, even if they were received during marriage.
Upon the court making a finding that property is separate property, the person owning said separate property will leave the marriage with their separate property.
Separate property can be transmuted (converted) to community property by intent, or by inadvertence. For instance, a party may have a separate bank account before marriage that would be considered separate property. If the party then takes income that was earned during marriage and deposits that money into their separate bank account, they may have by inadvertence converted that bank account to community property.
Obviously, parties in a divorce proceeding will most likely want to keep their own separate property after the divorce is over. It is very important for you to contact an attorney with regard to the issue of separate property to ensure that you get to keep her separate property after the divorce.
If you are contemplating filing for divorce or are presently involved in a divorce proceeding, you may call our law firm for a free consultation at 818-739-1544 ext. 10, or go to our family law website at http://www.divorce-legal.net .
By Norman Gregory Fernandez, Esq., © 2006
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