Tag Archives: Capital Gains and Divorce

The Effect of California Propositions 60 and 90 on Your Divorce

Get advice from a skilled family law attorney, financial professional or qualified real estate agent to make good decisions about your property when facing a divorce.

by Diana L. Martinez
Collaborative Lawyer and Mediator, West Coast Law & Mediation, APC

When you are trying to navigate a divorce, there are many issues you need to address. If you own property in California, your decisions about your real estate can be among the most challenging, and perilous, if you are not fully informed.

One area often overlooked when making decisions about real property are the tax consequences. The tax implications can end up making a significant impact on your financial well-being, especially if you are part of the current wave of “gray divorces” among adults 55 years and older.

Many older couples who own property qualify for a lower property tax rate under California’s original Proposition 13. At the discretion of each county in California, Proposition 60 and Proposition 90 allow qualifying sellers to carry their Proposition 13 tax base on their original property with them towards the purchase of a new property of equal or lesser value. (Prop 60 governs real estate sales and purchases in the same county; Prop 90 governs real estates sales and purchases between two California counties).

Proposition 13 protects longtime homeowners against escalating property taxes as the value of their property … Read More “The Effect of California Propositions 60 and 90 on Your Divorce”

Children Must Be Heard and Not Seen During a Divorce: The Advantages of the Child Specialist

Divorce is especially hard on minor children. As a parent, help them manage their emotions and don't rely on them to manage yours.Divorce is especially hard on minor children. Help them manage their emotions. A Child Specialist can guide you and prevent long term psychological trauma.

by Bart Carey, Family Law Attorney
Law Office of Bart J. Carey, Mediation and Collaborative Family Law

Divorce is a different experience for children and adults because the children lose something that is fundamental to their development – the family structure. The family comprises the scaffolding upon which children mount successive developmental stages, from infancy into adolescence.” — “Second Chances: Men Women and Children a Decade After Divorce

How many times have you taken your child through a divorce? Helped your child navigate an emotional and transitory life experience that is difficult and opaque for you? Successfully rebuilt the family structure in ways that support your child? And all at a time when you and your spouse are not on the same page.

When it comes to helping your child through a divorce, consider turning to a child specialist to get the best advice and counsel based on the advantages of their specialized education, training and experience.

Here are nine reasons why you should have a child specialist assist you through your divorce process:

  1. It’s not therapy. No one is going to mess with your child. The child specialist’s role is to listen to you and
Read More “Children Must Be Heard and Not Seen During a Divorce: The Advantages of the Child Specialist”