On this episode, Mike talks with Marya McFadden with McFadden Family Law & Mediation. They discuss the importance of mediation before resorting to traditional litigation in divorce cases. They also discuss various aspects of divorce and spousal support, including the factors that determine spousal support payments, the options for ending or modifying spousal support, and the potential cost savings of mediation compared to litigation.

Marya emphasized the importance of understanding the legal framework for spousal support and the potential consequences of not having a prenuptial agreement, while Mike raised complex questions regarding divorce and mortgage obligations, including how to divide assets and protect assets through prenuptial agreements.

From Marya:

“As a family law attorney and mediator, Marya assists clients with divorce, child custody, child and spousal support, premarital agreements, and domestic violence restraining orders. Encouraging mediation and negotiation whenever reasonably possible to resolve matters outside of court, Marya is also a zealous advocate for her clients in the courtroom.

As Board Secretary for Big Brothers Big Sisters of Ventura County, Marya helps match local at-risk youth with volunteer mentors.”

Highlights:

Dividing assets in a divorce, including a house. (4:38)

Divorce and mortgage payments. (9:20)

Spousal support in California, including duration and calculation factors. (19:12)

Mediation and prenuptial agreements in divorce cases. (25:03)

Follow Marya:

https://www.linkedin.com/in/marya-mcfadden-973883145/

Join Mike Wise, a seasoned mortgage expert, on "Mortgage Wise with Mike Wise," your go-to podcast for navigating the world of real estate financing. Whether you're a first-time homebuyer, seasoned investor, or industry professional, Mike covers everything you need to know. From in-depth discussions on various loan types and understanding market trends to timely updates on interest rates and their economic and political drivers, Mike keeps you informed and empowered in today's dynamic real estate landscape. Stay tuned for expert insights and practical advice that can make a difference in your financial decisions.

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This podcast is produced by Jim McCarthy and ItsYourShow.co