Many people from all walks of life, but particularly those who earn a lot of income or have high net worth, may have their wealth tied up in assets that are difficult to put a precise value on. We've already discussed the difficulties of putting a value on a privately-held business, for instance.
Like other states, California has Child Support Guidelines in place, and judges are supposed to use the formula prescribed in these Guidelines to calculate a parent's child support obligation.
Many residents of Los Angeles have probably heard the phrase co-parenting mentioned among parents who live in separate households. Even many of the celebrities who live in this area have indicated that they practice co-parenting in their relationships.