What does it mean that CA is a “no fault” divorce state?
On behalf of Morna Challoner of Challoner Law posted in High Asset Divorce on Thursday, October 12, 2017. Marriages can last years, months or even weeks. Sometimes, what seems like the easiest decision in the world becomes the hardest one to make. People change, things change and sometimes, a marriage does not survive. If one is thinking about divorce, it is a good ideato know that California is a no-fault divorce state. What this means is that when a married person goes to file for divorce, they do not have to put any blame on either party over the other. Instead, it is [...]
HGTV stars work and raise daughter during divorce
On behalf of Morna Challoner of Challoner Law posted in High Asset Divorce on Thursday, November 2, 2017. Reality TV in California and across the nation have been so popular in recent years that they have launched multiple professional careers. Two HGTV stars are well known, the stars of Flip or Flop, which follows the married couple's experience flipping houses for profit and their life with their children. Fans were shocked to hear of the couple's motion to file for divorce last winter. The divorce is on-going, but that has not stopped the couple from working together. According to reports, while the high [...]
Retirement accounts and divorce: what to expect
On behalf of Morna Challoner of Challoner Law posted in High Asset Divorce on Thursday, November 9, 2017. California marriages can last for years and be right for people until they are not anymore. In those years of a marriage, a couple will go through and experience a lot together. Financially, marriages often see the accumulation of assets, like bank accounts, money market accounts and retirement accounts, like a 401k. In a divorce, many couples' first questions revolve around these financial details, like what to expect in a high asset divorce? First, state law determines how marital property is viewed. Tennessee is an equitable [...]