QUESTION
If my husband has money in various LLC's what legal rights do I have to in share in case of divorce or death?
Asked on Jan 06th, 2013 on Divorce - California
3 ANSWERS
You are entitled to one-half of all assets acquired during your 7 year marriage unless the asset was acquired by gift or inheritance. You will need a custody and parenting order, child support and spousal support order.
Answered on Jan 10th, 2013 at 2:17 PM
Criminal Law Attorney serving Fremont, CA
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Steven J. Alpers, A Professional Corporation
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If that money was separate property, inherited, obtained before marriage or a present, you have no rights in that property. If that was earned during marriage then it is generally community property and subject to division.
Answered on Jan 10th, 2013 at 2:17 PM
Divorce/Family Law Attorney serving Carlsbad, CA
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Anne B. Howard, A Professional Law Corporation
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If acquired during the divorce, half of his share in the LLC money should be yours. In death, it depends on his will/trust. You really need an attorney when there are businesses involved to ensure that disclosure/discovery is done and that you get your share.
Answered on Jan 10th, 2013 at 2:17 PM