What does bifurcated mean in a divorce?

What does bifurcated mean in a divorce?

California allows what is called a bifurcated divorce, which grants the dissolution of a marriage before all of the other aspects of a divorce are finalized. In order to move forward with a divorce more quickly and avoid slow divorce proceedings, a couple may agree to apply for bifurcation.

How long does a bifurcated divorce take?

You are here: Home / California Divorce Guide / Pretrial & Pre-Settlement / Motion for Bifurcation (Get Divorced Sooner!) California divorces take at least six months to complete, and that’s just the minimum. Most divorces take much longer, even years longer.

How can I legally hide money in a divorce?

Defer salary, delay signing new contracts or hold commissions or bonuses so that income won’t be “on the books” during the divorce proceedings. Create phony debt by colluding with friends or family to establish phony loans or expenses.

What happens if you lie on a financial affidavit?

If you lie on a financial affidavit during your divorce, you could face repercussions from a verbal reprimand from the judge to financial penalties and even jail time. Therefore, any lies, omissions or misrepresentations you make have been sworn under oath to the court, just like when you testify.

How do I find hidden bank accounts in a divorce?

How to find hidden bank accountsHire a reputable divorce attorney who is knowledgeable about finding hidden assets. With the help of an attorney, you can subpoena many valuable records, including employment records, bank statements, loan applications and other account records.

How do I find out if my spouse has a hidden bank account?

Start At The Source Of The Income To Find Hidden Accounts Further, it’s likely that direct deposit information will appear on the pay stub. That means if Spouse A is routing a small amount of each pay check into a separate account, that information should appear on the pay stub.

Can you legally hide money from your spouse?

Whatever the reason, hiding assets, income and debt is not only unethical; it’s also illegal and subject to severe penalties IF discovered. But even so, the burden of proof is often on the spouse with less financial resources (typically the woman) to prove any such unscrupulous behavior.

How do you hide marital assets?

One way that spouses without businesses may attempt to hide assets is through setting up trusts or “gifting” money to someone who will return it after the divorce is finalized. Spouses that hide assets will often involve family members or friends in the process.