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California Divorce Dictionary: Epstein Credit

California Divorce Dictionary: Epstein Credit

March 4, 2010/in California Divorce Dictionary, Divorce Financial Planning /by Justin Reckers

Epstein credits are rights to reimbursement to which a party may be entitled as a result of the payment of community obligations since the date of separation. (In re Marriage of Epstein (1979) 24 Cal.3d 76)

Epstein Credits are most commonly incurred when one party pays community debts using their spearate property income.

If you are claiming the credit. – Keep your receipts, bank statements and other records. It is common to see divorce proceedings last years and create a long trail of records. Large bills pile up quickly for financial experts if they must recreate the paper trail.

Seek professional advice if you believe you need to consider this during your divorce.

Tags: Asset Division, California Divorce Dictionary, Divorce Financial Planning, Justin Reckers, Post Divorce Financial Planning, Wellspring Divorce Advisors
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