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Law Educator, Esq.
Law Educator, Esq., Lawyer
Category: Family Law
Satisfied Customers: 115460
Experience:  Experienced attorney: Family law, Estate Law, SS Law etc.
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If awarded 100 %asset in Ca. The ex spouse has 40% of any

Customer Question

If awarded 100 %asset in Ca. The ex spouse has 40% of any dividend paid if the asset is sold the spouse then only receives whatever income i earn on the proceeds paid after taxes are paid on the sale correct .
Submitted: 1 year ago.
Category: Family Law
Expert:  Law Educator, Esq. replied 1 year ago.
Thank you for your question. I look forward to working with you to provide you the information you are seeking for educational purposes only.
If the ex is awarded 40% of any dividend paid, that means that he would get 40% of the proceeds after taxes and costs. So he would get 40% of whatever is left and you would get 60% of whatever is left. Proceeds/dividends would be what is left after all costs and taxes and expenses are paid.
Customer: replied 1 year ago.
Not correct under California law and not satisfied with your answer you did not properly address the question this was a test