Spousal support is an issue that comes up in many divorces in California and may be especially important in a high-value divorce. Spousal support refers to circumstances when one spouse is required to pay another spouse following a divorce. Partner support for domestic partners who are divorcing may also be available in California. Spousal support or partner support may be agreed upon by the divorcing couple or ordered by the court.
Although California is a community property state, and divorcing spouses are each entitled to half of the marital property, in reality it can be challenging to divide assets built up over the course of a marriage in half. In circumstances of a high net worth divorce, the assets can be especially complicated to divide. A high asset divorce can involve a number of valuable assets that must be disclosed, valued and divided so it helps for divorcing couples to understand the process.
As you may already know, palimony is a lot like alimony. Palimony refers to the compensations arising from two unmarried spouses after they have separated.