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A married couple's rings sit on a wooden table as they contemplate a postnuptial agreement
David Patton

What Is A Postnuptial Agreement?

April 7, 2021/in Family Law /by David Patton

Most people understand what a prenup is, but what is a postnuptial agreement? This is an agreement many couples entering into marriage may not know about, but they should. How can a postnuptial agreement help you and your partner?

What Is A Postnuptial Agreement?

A postnuptial agreement is very similar to a prenuptial agreement. The main difference is that the agreement is entered into after marriage as opposed to before. Just like a prenuptial agreement, a postnup is there to help dictate how assets and real estate will be divided in the case of a divorce. Postnuptial agreements can also help protect one spouse from the other spouse’s debts. While a postnup is most closely associated with infidelity and marital issues, it can be a very beneficial tool for a successful marriage. 

How Can A Postnuptial Agreement Help You?

There are many ways that a postnup can help you and your spouse, and protect your interests. In California, property acquired during the marriage is presumed to be community property in a divorce. Community property means that both spouses own the property and assets equally, and they will be equally divided in court. Many California couples choose to create a postnup to avoid this equal division and to instead have assets divided as they wish. What are some examples of a postnup being beneficial?

A spouse hands a pen to their partner as they sign a postnuptial agreement together

Affairs & Infidelity

This is probably the most recognized reason for acquiring a postnup. If two parties enter into a marriage trusting one another, and post-marriage that trust is broken, many couples turn towards a postnuptial agreement for help. The potential for the marriage to not work out comes to the forefront of the couple’s mind, and they are forced to think about what the dissolution of their marriage might look like. This causes people to create a postnup to protect their assets and interests and hopefully support restoring trust.

Excessive Arguments & Turmoil

Similarly to an affair, excessive arguments can cause couples to reevaluate the security of their marriage. When couples have a lot of animosity between them, they act impulsively and in anger, and can do things that they may later regret. This is why divorces turn ugly so often. For a couple who recognizes the signs of a marriage going downhill and worry about things getting back on track, setting up a postnup to protect against negative decisions made in anger is a smart decision. 

Business Owners

For a spouse or spouses who start a business after they become married, setting up a postnuptial agreement can protect both parties in the case of dissolution of the marriage. A postnup can also protect parties who owned a business prior to getting married. A postnup can protect spouses from debts acquired from a failing business. It can also protect future earnings from being equally distributed between both spouses when one spouse does all the work and solely owns the business. 

Inheritance

If one spouse acquires a large inheritance and wants to protect this amount in the case of a divorce, a postnup is a smart decision. It can also protect the inheritance if the spouse invests it into a family business or personal business. 

Children & Property Prior to Marriage

If one spouse owns property pre-marriage or has children from a previous marriage that they need to provide for, a postnuptial can protect against an ugly divorce and can maintain one’s assets and real estate. 

Debts

If a spouse enters into a marriage with a lot of debt, or if they acquire debt post-marriage, one spouse may want to set up a postnup to protect themselves from being held responsible for a debt they had nothing to do with. 
Postnups can be incredibly effective when protecting oneself from an ugly divorce, or from the community property law in California. If you and your spouse are interested in setting up a postnuptial agreement, get in touch with one of our experienced attorneys. Couples seeking a postnup can use the same legal counsel as opposed to a prenup where separate counsel for each party is required. Set up a free 30-minute consultation here to begin setting up your postnuptial today. 

https://www.lpeplaw.com/wp-content/uploads/2021/04/postnuptial-agreement-marriage.jpeg 912 1368 David Patton https://www.lpeplaw.com/wp-content/uploads/2021/05/LPEP_PC.png David Patton2021-04-07 18:32:122021-12-22 19:48:12What Is A Postnuptial Agreement?
Father and child walk through the forest after he requests child support modification from courts
Gina Policastri

How To Get A Child Support Modification During The Pandemic?

March 24, 2021/in Family Law /by Gina Policastri

Nobody wants to admit that they are unable to make their child support payments to help provide financial support for their family. Unfortunately, circumstances happen that can make adhering to the payment schedule no longer feasible. With the pandemic dismantling people’s livelihood, many parents are finding that it is necessary to go through the child support modification process.

What Are The Requirements?

There are two methods of changing your child support order. If the other guardian is not willing to accept your proposed modification, then you must prove that there has been a significant “change in circumstances” since your last payment. Change in circumstances encompass the following scenarios in which one or both parents has experienced:

  • A job loss
  • A change in income
  • The birth of a child from another relationship
  • The event of becoming incapacitated or incarcerated
  • A significant change in the amount of time that they routinely spend with the child in custody
  • The costs of raising the child have increased significantly
  • Or there has been a significant change in other factors related to raising the child

Sometimes both parents can come to an agreement on child support payments. Typically, this is the result of a significant life change listed above. However, it allows the modification requester to bypass the legal process of having to prove that a change in circumstance occurred. In this scenario, both parties can sign a written agreement detailing the child support modification. Then, the parents may present the agreement to a judge, and the judge can approve and legally alter the child support arrangement.

What Are Common Misconceptions About the Child Support Modification Process?

It is important to note that a nonverbal agreement between parents does not make a legal change to the child support agreement. The child support agreement may only be changed by a judge, which means that you must go through the necessary legal process in order to modify payments.

Some people may believe that modifying their child support in the event of a job loss is unnecessary if they are actively searching for employment. With such a delicate financial situation, however, it is highly advised to be proactive with managing your payments so that you may reasonably meet them without financial strain.

What Should I Do If I Can’t Afford Child Support?

If you have experienced a life-altering change in your financial situation, then it is important to be proactive in modifying your child support so that you do not become indebted to the other parent. If you have a positive relationship with the child’s other guardian, then it might be best to have a conversation with them about signing a modification agreement and presenting that to a judge to get it approved.

Many parents, however, might find it in their best interests to go through this process with the help of a qualified family law attorney. If you are living in the Bay Area and would like advice on how you can modify your child support, then contact our offices at LPEP to schedule a free, 30-minute consultation. LPEP is one of the most reputable family law firms in the Bay Area and has the resources to help you fight for your parental rights.

https://www.lpeplaw.com/wp-content/uploads/2021/03/Child-support-modification.jpeg 912 1368 Gina Policastri https://www.lpeplaw.com/wp-content/uploads/2021/05/LPEP_PC.png Gina Policastri2021-03-24 21:45:382021-12-22 19:48:21How To Get A Child Support Modification During The Pandemic?
Two parties sign documents on wills and trusts with a house replica sitting on a table
Michael Lonich

What’s The Difference Between Wills And Trusts?

March 10, 2021/in Estate Planning /by Michael Lonich

Nobody likes to think of leaving their loved ones behind, but it is an inevitable part of life that we will all face. Fortunately, wills and trusts allow people to ease the burden of their passing on their loved ones. 

Wills and Trusts in Estate Planning

One of the most important steps that you can take in financial planning is to develop a plan for your estate in the event of your death or inability to manage your assets. While most people don’t like thinking about estate planning, it is an essential process to guarantee that your assets are given to their intended recipients.

When discussing your estate plan, it is important to decide if you want to create a will or a trust. Wills and trusts are both legal documents that dictate how a person’s assets must be distributed upon the person’s death.

If you are wondering what’s the difference between a ‘will and a trust?’ then you are not alone. While both wills and trusts have their advantages, it is important to understand their nuances so that you can choose the route best suited for your unique circumstances.

How a Will Can Help You

A will is a legal document in which a person specifies who they want to give their assets to — the beneficiaries — and how they want their assets to be divided among the beneficiaries upon the event of their death. A will automatically applies to all property that the creator owns, excluding joint-property and property owned via a trust or covered by a beneficiary designation or certain joint ownership that transfers at death.

Wills provide the benefits of being able to name a guardian for children if they are under 18 and being able to specify funeral arrangements. Additionally, they are relatively inexpensive to create, even with the help of an estate planning lawyer.

When a person creates a will they must designate an executor – a person who is responsible for executing the tasks of distributing the property according to the legally-mandated instructions in the will. It is important to include pertinent information in the will such as bank account numbers, life insurance policy numbers, and passwords to access the accounts and make the executor’s job easier.

Unlike a trust, a will must pass the probate process before the property is available for distribution. Probate is a court hearing in which a judge determines the validity of a will. While most wills pass in probate, it may be subject to a lengthy process if there are discrepancies in the will or if the judge has other reasons to doubt its validity. Since the probate process is a public hearing, it means that the individual’s private information will also be made available to the public.

 A lengthy probate process amplifies the pain and stress of losing a loved one and a mistake in drafting the will can make it susceptible to a long hearing. In order to ensure a quick probate, it is highly recommended to hire a lawyer to ensure the will is lawfully dictated, especially for individuals with high-net-worth estates.

How a Trust Can Help You

A trust is a legal document that designates a “trustee” to manage the property included in a trust. A trustee can be a person, an institution, or a group of individuals who are responsible for actively managing the assets both during the person’s lifetime and/or after their death. A trust also includes beneficiaries, who are the people that will receive the assets.

Unlike a will, a trust does not automatically include all of the individual’s property and must be actively managed. Since a trust requires active management, it may be more expensive to create. Generally speaking, a trust is recommended for people who plan to make contributions to the trust throughout their lifetime, as doing this can have financial advantages such as future tax savings.

Another advantage of creating a trust is that it allows the trustee to manage the trust in the unfortunate event of a person becoming incapacitated and unable to manage their property.

Trusts also allow the property to bypass the probate process, thus making the distribution process more smooth and keeping the individual’s information private.

How LPEP Can Help You Plan Your Estate

LPEP specializes in high-asset estate planning in the Bay Area. Proudly serving San Jose and Silicon Valley, our team of reputable attorneys serve to protect your assets. We make it our goal to develop the best plan for your individual priorities, family circumstances, and finances.

If you are still uncertain of what your next steps in estate planning should be, or if you have any further questions, please do not hesitate to set up a free 30-minute consultation with our reputable lawyers.

https://www.lpeplaw.com/wp-content/uploads/2021/03/wills-and-trusts.jpeg 546 1368 Michael Lonich https://www.lpeplaw.com/wp-content/uploads/2021/05/LPEP_PC.png Michael Lonich2021-03-10 18:03:532021-12-22 19:48:34What’s The Difference Between Wills And Trusts?
A parent with shared custody holds their child as they overlook the mountains
Gretchen Boger

Parents With Shared Custody Devoting More Time To Childcare During Pandemic

February 24, 2021/in Family Law /by Gretchen Boger

The Coronavirus pandemic has upended all of our lives and made choices that were once simple, complicated. With the closing of the public school system in California, parents are facing the challenges of educating and caring for their children at home. While this shift of responsibilities has affected all parents, it makes shared custody arrangements all the more complex. 

Many Parents Are Left Without Childcare

Due to the pandemic, parents with joint custody are now dedicating more time than ever towards caring for their children. For parents both working from home and still commuting to their work, there are new nuances that take time to get adjusted to. Many parents with shared custody are realizing that their custodial arrangements may need to be adjusted to accommodate changes in lifestyle related to childcare, education, or even their working situation.

While the stresses of distance learning and social distancing are apparent to children, many people are overlooking the effect that stress has had on parents. Parents with shared custody are facing even more complex decisions regarding childcare. While parents working from home may be able to supervise their children, parents who are still commuting to work are faced with few options. To make matters worse, even a simple task like hiring a babysitter is complicated due to social distance protocols, fear of exposure, and the financial burden it places on parents.

Parents With Shared Custody May Need to Adjust Their Agreements

What used to be routine agreements, such as adhering to pick up and drop off schedules, is now complicated by new childcare arrangements and social distancing protocols. Additionally, many parents are finding themselves unable to be as attentive with their children’s education as they wish or are making sacrifices with their careers. The pandemic has left many parents, especially those with shared custody, wondering how to provide the best support for their children during these stressful times.

With child custody arrangements, impactful life events may require adjusting these  agreements on a case to case basis. While it may seem daunting to make changes to a child custody arrangement, it may be necessary in order to create the best living environment for your children and lessen the stress of the pandemic. 

Although making changes to a shared custody arrangement may seem more stressful for children, it might make their living situations more healthful in the long run. Whether it is to allow for better supervision, more assistance with schoolwork, accommodate job changes, or even social distancing, modifying your shared custody arrangement to accommodate the pandemic might be in your children’s best interest.

How to Alter Your Shared Custody Agreement

If you are interested in modifying your shared custody agreement, then it is best to contact a family law modification attorney in order to best understand your options. While it is easy to become persuaded by family or friends, legal attorneys can provide you with straightforward advice regarding your custodial arrangement.LPEP is a family law firm in the Bay Area that specializes in complex family law litigation and modification. If you are living in the Bay Area, please don’t hesitate to contact our offices for a free 30-minutes consultation on how we can help you adapt to the stresses caused by Covid-19.

https://www.lpeplaw.com/wp-content/uploads/2021/02/shared-custody.jpg 385 684 Gretchen Boger https://www.lpeplaw.com/wp-content/uploads/2021/05/LPEP_PC.png Gretchen Boger2021-02-24 21:59:552021-12-22 19:48:57Parents With Shared Custody Devoting More Time To Childcare During Pandemic
A domestic abuse victim raisted her hand out in front of her face as a motion to stop
Mitchell Ehrlich

How The Pandemic Is Increasing The Rate of Domestic Abuse

February 10, 2021/in Family Law, In the Community /by Mitchell Ehrlich

Domestic violence (DV) and intimate partner violence (IPV) are deeply ingrained issues in our society that affect millions of people every year. On average, there are 20,000+ calls to domestic abuse helplines nationwide on a daily basis*. Adults aren’t the only victims of these assaults. 1 in 15 children is exposed to intimate partner violence annually**. 

With the pandemic in full swing, and mandatory quarantines going into effect in 2020 and now 2021, experts have seen a rise in domestic abuse and IPV. In March, when the first stay-at-home orders were put into place, victims of IPV and DV were forced to stay at home with their abusers. While we’ve all been facing our own struggles these past 10 months, victims of abuse have been living in a state of perpetual fear and unsafety. Not only have they been facing the stress of potentially catching a fatal virus, but they have also been dealing with daily abuse from partners, family members, or other close relationships that they share a home with. 

What is Considered Domestic Abuse?

Domestic abuse and IPV, while similar, are two different things. Intimate partner violence is violence at the hands of a romantic partner/ significant other. Domestic violence has a broader definition. DV can be at the hands of anyone in the household – family members, partners, friends, even children. 

A domestic abuse victim leans her head against her fisted hands in worry

Domestic abuse can take many forms. It can be physical, mental, emotional, or sexual. It can include sexual assault, stalking, threats, verbal abuse, physical violence, and more. 

How is the Pandemic Worsening Domestic Abuse?

Domestic abuse affects communities for a myriad of reasons. It commonly affects lower-income communities the most. Lower-income communities experience more everyday stressors than those who have financial security, especially during the pandemic.

Many low-income parents are essential workers. They are exposed to the virus at a higher rate due to their jobs, and being essential means that they can’t be home to care for their children who are now out of school due to Covid-19. Lack of childcare and financial instability can add tension to an already overwhelmed household.

In many cases, victims of IVP depend on their abuser for income and living arrangements. Abusers often make it difficult for their partners to hold a job or have any independent source of income. This is so they can keep their partner dependent and thus trapped in the abusive situation. It is a power play. For victims who are not allowed to have a job, and thus are stuck at home all day caring for the house and children, they are also vulnerable to more frequent attacks from a partner and violence becomes more frequent. Because they do not have their own income, they are unable to afford to leave the dangerous situation. 

At home, learning is stressful for parents and children alike. Now that kids are forced to get an education from home, discrepancies in opportunities have become more visible. Many lower-income families do not have a stable internet connection and many don’t have internet at all. It’s not uncommon for lower-income families to not even own a computer for their children to use. With public libraries closed and schools closed, this creates a disadvantage for those children.

The stressors from lack of childcare and the difficulty of virtual & remote education have led to an increase in domestic child abuse. 

How To Get Help

If you or a loved one is trapped in a home where domestic abuse is occurring, you need to reach out to local shelters and helplines. Setting up a safety plan during quarantine is key for escaping the dangers of your home situation. It’s hard to take steps towards leaving abusive partners because we often love them very much. But abuse is never acceptable no matter how much you love your abuser and no one ever deserves to be abused no matter what your abuser tells you.

If you live in San Jose or Santa Clara and want to take legal action, set up a free consultation with our domestic violence attorneys. We are discreet and compassionate. Our attorneys can help you set up a restraining order or can help you gain custody of your children if they are experiencing violence from someone in your household. You can contact us here to set up a consultation or to learn more about domestic abuse, read this.

https://www.lpeplaw.com/wp-content/uploads/2021/02/domestic-abuse-victim.jpeg 600 900 Mitchell Ehrlich https://www.lpeplaw.com/wp-content/uploads/2021/05/LPEP_PC.png Mitchell Ehrlich2021-02-10 17:49:382021-12-22 19:49:12How The Pandemic Is Increasing The Rate of Domestic Abuse
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LONICH PATTON EHRLICH POLICASTRI

Phone: (408) 553-0801
Fax: (408) 553-0807
Email: contact@lpeplaw.com

1871 The Alameda, Suite 400
San Jose, CA 95126

Located in San Jose, Lonich Patton Ehrlich Policastri handles matters for clients in northern California, specifically San Jose and Silicon Valley. Our services are available to anyone within the following counties: Santa Clara, San Mateo, Contra Costa, Santa Cruz, Monterey, San Benito, and San Francisco. For a full listing of areas where we practice, please click here.

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