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Personal Finance

The Post-Nuptial Agreement

Black news from Pasadena - Personal Finance - Post-Nuptials and estate planningA couple of years ago the local news was dominated by the divorce saga between the former owners of the Dodgers baseball team. At issue was an agreement which was similar to a prenuptial agreement but entered into by the married couple after marriage. My husband said at the time that he didn't know a couple could have a post-nuptial agreement. He said he had heard of a pre-nuptial agreement – one that is signed by married couples before the marriage. He said he didn't know that a couple could sign an agreement to divide their property after they are married. I told him that post-nuptial agreements are common among rich people but any couple can create one.

California is a community property state and a post-nuptial agreement created in California is sometimes referred to as a community property agreement. The purpose of the agreement is to change the normal rules regarding the classification of property as community or separate and to specify the disposition of the property upon divorce or



Overcharged Tax on an Auto Purchase? Get Your Refund

Sacramento, CA – Californians who want to know if they overpaid sales or use tax when buying a car or truck should verify their local tax rate (www.boe.ca.gov/taxrate) and review their vehicle registration paperwork carefully.

Sales and use tax rates vary widely across California, and consumers may be unaware if they are being charged the correct amount of tax. When purchasing a motor vehicle, a buyer should generally pay the tax rate where it will be registered (usually the owner's home address).

Board of Equalization Member George Runner recently uncovered the fact that the California Department of Motor Vehicles has been overcharging tax to some Californians.



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