To determine whether a leased vehicle is considered an asset in the marital estate, your San Diego divorce attorney must decide if the subject lease is a “true lease” or a “lease purchase.” Generally, true leases are excluded from the marital estate, whereas lease purchases are treated like any vehicle purchased by making a down payment and subsequent periodic payments.
One of the recent trends that’s been discovered with regards to the economy is that as it seemingly gets healthier, certain types of activity are beginning to pick up after years of near dormancy. However, one activity that was never directly tied to the economy is on the upswing, and that activity is filing for divorce. During the most difficult times of the recession, divorce rates were down precipitously for many reasons.
When two people work together to complete a California divorce settlement, known as a Marital Settlement Agreement, it’s generally believed that the former spouses will be able to part ways as amicably as possible without the need for future litigation.
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