Separating your life from that of your spouse is difficult when there are few assets, and the split is equitable. If children and a California business are involved, the proceedings can become complicated. The experienced team at Trabolsi & Levy, LLP address the unique concerns of high net worth clients and their spouses to ensure they receive fair representation.
If you live with someone in California, but the two of you never married or registered a domestic partnership, you may still be able to get “spousal” support if and when your relationship breaks up. As FindLaw explains, California has a unique law that allows some cohabitating partners to receive palimony at the end of a cohabitation arrangement.
When preparing for a divorce, Los Angeles couples would be wise to sit down and take stock of the assets they possess that will be subject to property division. One asset that many often fail to include in such an assessment is a 401k. At first, it may seem odd that a 401k could be viewed as a marital asset, especially since its capital is drawn from an individual's paycheck. Yet the money earned from that paycheck while one is married is marital property, which explains why his or her 401k would be also.