My house is my retirement plan. If I had a dollar for every time a client said that, I could retire today. But that approach to funding your old age only works if…. Sell your house to retire The value in your house makes your balance sheet strong, but doesn’t put food on the table […]
Strictly California
Marital Separation Doesn’t Require Two Homes
Split the sheets in California, and your wages are no longer community property. That's because property acquired during marriage but after a marital separation isn't community property. That's been California law for a long while. The sticky wicket … Read Full Article
Wage Garnishment Survival Guide
"Your wages have been garnished, " reads the letter from your employer. Do nothing and twenty-five percent of your after-tax earnings will be sent to your judgment creditor. So, do something: keep reading this action guide for Californians subject to a … Read Full Article
Title Isn’t Everything: Watch Out For The Assets In Your Spouse’s Name
But it belongs to my spouse, sputtered the hapless debtor at the bankruptcy hearing. Not so, says the bankruptcy trustee. It was purchased during marriage, wasn't it? And so, the trouble begins for those who don't understand community property. Turns … Read Full Article
