Aside from the family home, retirement accounts are commonly considered one of the most valuable assets an individual can own. With so much on the line, it's no wonder dividing a pension often results in contentious disputes during divorce proceedings.
When it comes to divorce, one of the biggest concerns spouses have revolves around property division, particularly one's share of the community property. Most people worry about what portion they will receive and whether it was equitably divided. But if you're a high-income earner or someone who brought considerable assets to the marriage, you may have a greater concern about its division: wasteful spending.
Being a part of a successful business in California is a point of pride for many business owners and business professionals who may find themselves working long hours and putting in a lot of hard work in order to see the fruits of their labor. In the end, business owners and professionals can look forward to considerable income in addition to the possibility of a generous 401k when they retire.
Perhaps one of the most difficult parts of divorce proceedings is going through the process of dividing marital assets. Not only does this process require the absolute honesty of each spouse to divulge all assets and debts, it also requires an understanding of how more complex assets work.
Owning a winning race horse or show horse can be a very proud accomplishment that oftentimes goes beyond the trophies, titles and prize money. If a horse gains enough notoriety, it may become a prized breeding animal as well, which can lead to breeding agreements and stud fees that can greatly increase an owner's wealth over time.