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Member You - General Property Issues Related to Divorce and Family Law in California.
Car wash businesses are unique to other businesses. In fact they are about as unique as the many different type of vehicles one is asked to wash. Many vehicles are best cleaned using slightly different techniques. If you own a carwash or a mobile car wash you will need an operations manual to assist your managers in staying efficient.Below is a sample outline we used in creating our washing procedure manuals in our company; www.carwashguys.com. You are welcome to have this outline to help you create a set of World Class Washing Procedures for your company. Here is what I recommend; First, print this article and then go through each item and determine if it is relevant to your company. If it is keep it, if no
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 p
The easiest way to acquire an email list for your ezine or email marketing is just to buy one. They're not too expensive, and they provide you with a long list of names and email addresses.But if there is one thing I've learned as the owner of an ezine, it is that the easy road is not always the one that brings you the best results. The problem with buying an email list is that none of the people on that list know who you are. When they receive an email from you, most likely they will just delete it without bothering to open it.That is why it is so beneficial to build your own opt-in email list. Yes, creating a list from scratch is the more difficult and time-consuming solution, but at least it is a so
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 p
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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 p
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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 p
Actual Cash Value (ACV): It is the dollar amount that a buyer is willing to pay to a seller who is willing to accept without undue pressure. FMV: It is also an estimate or appraisal based on comparisons to other like structures.Actuary: An insurance professional trained in assessing risk and pricing policies. The actuary creates the methodology that determines rates.Additional Living Expense: Covers additional living expenses when incurred due to a loss.Adjuster: An individual employed by the insurance company to evaluate loss and settle policyholder claims. Independent adjusters: Independent contractors who work for different insurance companies.Appraisal: A survey to estimate a propert
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 p
We are failing our children in one of the most important areas of life. But, if more parents and schools understood the significance of credit reports and early credit education, that could be fixed. The credit failures and bankruptcy rates in the United States would decrease dramatically.After speaking to a group of college students last year I ask the question, "How many of you have checked your credit report?" No one raised his or her hand. Then I asked how many of you know what a credit report is? No one raised his or her hand. Then, after a moment of silence one student ask, "Does it have to do with things you charge?" I said, "Yes, you are on the right track."Then I ask, "How many of you have discus
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 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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