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December 25, 2010
  Miley Cryrus' Parents Start Dividing Marital Assets
Posted By Amber Lancour

Miley Cyrus' parents are seriously getting divorced as evidenced by their desire to sell their Toluca Lake home. Sources close to the family report that the couple hopes to put their home on the market with a price tag of $7 million or more.

However, soon-to-be-ex-Mrs. Cyrus, Tish, was reportedly looking for homes in Encino before their divorce was publicly announced. She is hoping to stick around the $4.5 million mark for her new home. She either knew that the divorce was coming or she had anticipated her brood reducing in size soon, as most of the kids are reaching the age when they will leave home.

Good news is that we know she won't be looking to move in with rocker Bret Michaels; he recently announced that he is going to wed his long-time love interest.

If you are contemplating divorce and want to start the division of assets, including your shared home, it is time to enlist a Los Angeles family law attorney that is experienced in divorce law. Don't attempt to work out the details on your own, especially if your divorce could turn into a messy one. Contact Claery & Green today!

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September 16, 2010
  Tiger Wood Gets to Keep Multi Million Dollar Home
Posted By Claery & Green

Bloomberg News reports that court documents have revealed that Tiger Woods will be a will to keep his Orlando home, which is located in a gated Isleworth community.

The home is valued at $2.4 million according to a local property records and is the residence where Woods and his ex-wife, Elin Nordergren, lived with their two children.

Bloomberg News reported that a legal document dated July 4th transferred ownership to Woods.  However, Woods has been building a new home in Jupiter, Florida.  He lived at the Isleworth property since turning pro in 1996.

Throughout the past several months, much attention has been paid to the couple's divorce, divorce agreement and who would get what once the marriage was terminated.

Are you facing problems concerning property division in Los Angeles?  Know that Claery & Green can help you with this family law matter. Contact us today to set up a consultation with a Los Angeles family lawyer.

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June 18, 2010
  How is Debt Divided in a Divorce?
Posted By Claery & Green

Dividing debt during divorce can be much harder than dividing assets, as debt is a burden that no one ever wants to carry. The cleanest way to deal with debt is to pay it off before the divorce process so that both parties are able to start their new lives debt free, though certainly a little less well-off. If this isn't possible, the next best option is that one party agrees to take responsibility for the debt in exchange for receiving more assets from the division of property.

The final option is for the couple to share responsibility for the debt. This is far from ideal, because if one party fails to pay off their portion of the debt, the other party is still legally responsible for the debt even if a legal agreement assigns the debt to the other party. This option leaves both spouses vulnerable and should be avoided where possible.

For more information regarding property division and divorce in California, contact Claery & Green to schedule a consultation with a Los Angeles divorce lawyer.

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May 15, 2010
  California Property Division Laws
Posted By Claery & Green

One of the most common questions Claery & Green receives from clients is "How is property divided in the state of California?"  Many people who are planning to divorce want to know this so they understand how their marital assets will be divided if they move forward with terminating their marriages.

According to the California family law, all property marital property is to be distributed equally between both spouses.  Marital property is considered any assets that are accumulated throughout the duration of the marriage.  Any property that is accumulated before or after the marriage is considered separate property and will not be subject to property division.

Do you have questions related to divorce or property division in Los Angeles?  If so, you should contact Claery & Green to schedule an initial case evaluation with a Los Angeles family lawyer today.  We have helped many people get through their divorces and will do everything we can to help you protect your assets.  

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April 02, 2010
  Trial Date Set to Determine Fate of Dodgers Ownership
Posted By Claery & Green

The McCourts are one step closer to resolving their highly contested divorce and determining who will retain ownership of the Los Angeles Dodgers baseball club.

A Los Angeles County Court Commissioner set a trial date for August 30, during which the court will hear arguments to determine whether Frank or Jamie will get to keep the Major League Baseball team.

Frank McCourt claims he is the rightful owner of the team, and that a 2004 marital agreement gives him sole ownership rights to the Dodgers, Dodger Stadium, and the surrounding land. That same agreement gives Jamie McCourt the rights to their seven properties, which includes six homes and one condominium.

Despite this alleged agreement, Jamie claims she has the right to partial ownership of the team.

Considering Filing for Divorce?

The McCourts' divorce is not only very messy and complex, but it could also take over a year to resolve. Not all divorces have to be this way. It is possible for two people to resolve their divorce amicably as long as they are willing to put aside their differences and address what is most important: reaching a settlement that serves the needs and best interest of everyone involved.

If you have decided to file for divorce, a Los Angeles divorce attorney at Claery & Green would be happy to discuss possible alternatives to litigating your case in court. Through mediation, a marital settlement agreement, or some other form of alternative dispute resolution, you can save yourself a great deal of time, money, and energy that can be better spent on starting your new life. To arrange a consultation to discuss your divorce, please contact the office today at (310) 362-2272!

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March 03, 2010
  Court Papers Show Just How Much is at Stake in McCourt Divorce
Posted By Claery & Green

The divorce case of Los Angeles Dodgers owner Frank McCourt from his wife Jamie sheds light on how complicated high-net divorce cases can be, as well how much is at stake.

Jamie is asking the court to order Frank to pay almost a million dollars--$988,845 to be exact- in temporary spousal support. She says that amount is what she needs in order to maintain the same lifestyle she had while married.

Other interesting points of the divorce, made public after the judge unsealed 1400 pages of documents, include just how much the McCourts earned and spent while they were married. The court papers indicate that during the last five years of their marriage, both Jamie and Frank took home $2.31 million per month in salaries and perks, tax free. Frank's financial adviser also said Frank would use the business to fund whatever he and Jamie needed or wanted. Jamie claims that Frank's net worth is almost $900 million at $834,900,000 and McCourt Enterprises is worth more than $2 billion.

How the couple plans to divide their assets will certainly be a hotly contested issue.

If you are planning to file for divorce, and you have a large amount of assets or property at stake, it is important to take the appropriate measures to ensure those assets and property remained protected. The more assets, money, and property at stake, the more complex and challenging the case can be. You need an attorney who has experience handling all types of divorce cases, including those involving high net worth assets.

At Claery & Green, we have represented clients from all walks of life, and have the experience and legal knowledge to competently guide any client through the divorce process. Should you and your spouse have a prenuptial agreement or  postnuptial agreement in place, as is often the case with these types of divorces, you can trust an attorney at our office to enforce or challenge the terms of the agreement, depending on what the situation calls for.

Contact Claery & Green today to speak with an experienced Los Angeles divorce attorney about what can be done to protect your assets from property division laws!

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February 12, 2010
  Property Division in California
Posted By Claery & Green

One of the most important aspects to address during a divorce is how marital property will be divided. A couple has the right to reach a property division arrangement on their own. However, if the couple cannot agree on how to divide their joint assets, California property division laws will apply.

In California, community property (which is considered any property acquired during the course of the marriage) is divided as equally as possible between the parties. And because California is a no fault state, certain circumstances, such as adultery or abandonment, are not taken into consideration when determining how community property will be divided. That being said, there are always exceptions to the rule, so it's important to consult an experienced divorce attorney to ensure you receive a fair settlement.

How a Los Angeles Divorce Lawyer Can Help

Hiring an attorney to represent you during the divorce is one of the best things you can do to ensure your rights are protected and aggressively advocated. With an attorney on your side, your ex will be less likely to try and undermine your property rights, and, should your ex try to hide or keep assets from you, an attorney can make this fact known to the judge and advocate your rights to those assets.  

Although California property division laws seem fairly cut-and-dry, things can get contested when the parties disagree on what is considered community property and what is considered separate property. Because separate property is not subject to equal distribution (it remains with the spouse who acquired it), often times one spouse may claim a particular asset is considered separate property.  An attorney can help determine whether property should be considered separate or community property, and then make sure your interests in that property are protected, whether that means protecting the property from being split or making sure it is included in property slated to be divided.

If you are looking for experienced and professional representation for a property division issue, a skilled Los Angeles divorce attorney at Claery & Green can help.  Contact Claery & Green today at (310) 362-2273 to learn more.

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