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High Asset Divorce Archives

Is hiding assets during divorce illegal in California?

Most high-income individuals are on guard during divorce proceedings and it's easy to see why. They oftentimes have considerable wealth they know could be divided and awarded to their soon-to-be ex-spouse. Fearing their hard work and investments will have been for naught, divorce can sometimes cause high-income individuals to take risky actions, like hiding assets.

Social media can impact your divorce

Most people use social media sites of one type or another. Facebook is obviously the big one right now, but there are also professional sites like Linkedin, photo-sharing sites like Instagram and much more. If you use these and you're getting divorced in California, they could play a big role.

Rosie O'Donnell and wife finalize divorce, custody issues

The latest saga in comedienne Rosie O'Donnell's tumultuous love life seems to have been settled peacefully. As many of our readers may recall, O'Donnell wed her partner Kelli Carpenter in San Francisco back in 2004 when then-mayor Gavin Newsom declared same-sex marriages legal.

Divorce still not final for California's former first couple

Most Californians remember the sordid details behind the end of the marriage between our former "governator," Arnold Schwarzenegger and his wife of 25 years, Maria Shriver. The couple announced their separation back in 2011, not long after Schwarzenegger's governorship ended. The announcement came after it was revealed that he had fathered a child with the family's housekeeper. Shriver filed for divorce that same year.

Cuoco and Sweeting do a social media cleanse

Back in the day, when you broke up with a spouse or significant other, you might cut him or her out of your scrapbook photos or burn the scrapbooks entirely. Now, with our images mostly on social media, some people are choosing to remove all online traces of the relationship.

Study: 43 percent of people don't know their spouse's salary

Recently, we discussed the importance of couples talking about finances before they get married. Having similar values around money and goals for how to spend and save it are important factors in a marriage. Honesty about finances during the marriage is crucial also. Finally, if the marriage does end, it's important to know what your spouse's financial situation is.

Long-term musical couple announces split

Another long-term, high-profile California couple seems to be going their separate ways. Singers Gwen Stefani and Gavin Rossdale have announced that they are ending their nearly 13-year marriage. Stefani, of the group No Doubt and the television show "The Voice" and Rossdale, the frontman for the group Bush, issued a joint statement announcing the break-up.

Miranda Lambert and Blake Shelton divorce after 4 years

On July 20, one of country music's favorite couples announced that they had divorced. Miranda Lambert and Blake Shelton met when they performed together for CMT in 2005 and were married in 2011. Both saw new career highs in the years that followed, including being named female and male vocalist of the year by the Country Music Association several years in a row.

Protect your interests during your high-asset divorce

In our previous blog post, we discussed some of the economic effects of divorce. For people who don't have a lot of assets, the impact of the divorce is often negligible. In those cases, the loss of a second income might have a bigger effect than losing half of the marital property. For people with considerable assets, the loss of half of the assets is likely going to cause a financial difficulty.

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