March 4, 2021 #1 Local News, Forum, Information and Event Source for Venice Beach, California.

Want a Divorce? There’s an App for That

The 25- to 35-year-old technology focused generation has a far more elastic definition of the concept of “forever.” Courtesy: Thinkstock.

 

Silicon Beach Tech Entrepreneurs Bring Innovation to Marriage and Divorce

by Michael Wallerstein

Like the social media that so rule their lives, millennials in Los Angeles are increasingly finding that their marriage is all here and now — rather than here and forever. The 25- to 35-year-old technology focused generation has a far more elastic definition of the concept of “forever,” with terms like “starter” marriage, “beta” marriage or “test” marriage working their way into the vernacular.

In Silicon Beach, the Westside enclave that has launched dozens of successful startups and where disruptive technology is considered a virtue, tech has also helped shatter the limitations of what’s left of the status quo when it comes to unraveling their marriage. Tech entrepreneurs, used to efficient processes are disrupting the traditionally patient divorce process in favor of a fast and competent dissolution of their marriage.

New technology has made the divorce process much easier by empowering individuals with information once accessible only by attorneys.

There is now an app that can accurately calculate what a court the amount of spousal support one party will pay the other and for how long. Based on a court-approved formula, the CFLR DissoMaster app can calculate spousal support payments based on the parties’ relative incomes and expenses. Calculating spousal support payments is one of the larger and more important issues in a divorce and finding and agreeing on the amount without having to go to court saves the parties both time and money.

Real estate values are available on numerous websites, and the equity in a marital home derived from the marriage can be quickly estimated. The largest asset of the marriage and its value can be viewed on websites like Zillow.com. Though a formal appraisal of the house is likely to be necessary, informal appraisals like Zillow’s Zestimate are often cited in settlement negotiations and are indeed fairly helpful in reaching a settlement.

Marital income statements, 401k contributions, investment appreciation as well as expenses are easily accessed and downloaded online. The often laborious and time-consuming task of obtaining financial records is now effortlessly done online by accessing your account, downloading statements and emailing them to whoever is requesting them.

Facebook messaging and email are among new creative ways to serve divorce papers and court orders on unresponsive ex-spouses.

Creativity is what fuels this city, and thankfully our tank is always full. That may be why Prenuptial Agreements requested by LA millennials focus not on spousal support and inheritance but on intellectual property such as films, songs, screenplays, software, apps, and even ideas for technology concepts yet to be executed.

A growing number of millennials are signing prenuptial agreements to divide their intellectual property. Thinkstock.

The recent report that a growing number of millennials are signing prenuptial agreements to divide their intellectual property in advance is unsurprising. For the tech entrepreneurs in Silicon Beach, a need has developed to protect “ideas” conceived by either a bride or groom who see him or herself as the next Mark Zuckerberg or Evan Spiegel. In the event of a divorce, these couples want protection for what may be each person’s most valuable asset – the product of their intellect or invention.

LA innovators are constantly reimagining lifestyle, cars, medicine, fashion, and art. For better or worse, the disruption brought by tech innovators has no limits, and the ancient practices of marriage and divorce are not impervious to the city’s growing appetite for reinvention.

1. Silicon Beach DivorceMichael Wallerstein is the Managing Partner of Venice Divorce Advisors, a family law firm in Venice Beach.

Related Posts

LA Unified Increasing Vaccinations as it Negotiates With Teachers Union

March 2, 2021

March 2, 2021

Over 40,000 vaccines allotted to LAUSD as teachers union calls for slower return By Sam Catanzaro Los Angeles school officials...

Puppy Stolen at Gunpoint Near Venice Beach Boardwalk

March 1, 2021

March 1, 2021

Shepherd puppy stolen over weekend in Venice A $1,000 reward is being offered for information leading to the safe return...

‘Safe Camping’ at the VA is Open To All Homeless Veterans

February 26, 2021

February 26, 2021

The “safe camping” program is geared toward getting homeless Veterans off the streets and provides a way to transition from...

Video: Closing Down Westside Oil Field?

February 26, 2021

February 26, 2021

Officials are discussing closing a Westside oil field sitting on hundreds of acres of prime coastal land. Learn more in...

Edify TV: Greek Street Food Anyone?

February 25, 2021

February 25, 2021

A souvlaki and gyro house serving up authentic Greek street food is eyeing a second Westside location. Learn more in...

Column: Housing Backers Start Facing Post-Pandemic Reality

February 25, 2021

February 25, 2021

By Tom Elias, Columnist The mysterious blindness that apparently affected California’s top legislative housing advocates all through 2020 seems to...

Video: Closing Streets to Allow for More Outdoor Dining?

February 25, 2021

February 25, 2021

A drunk driver recently crashed into a Santa Monica outdoor dining area, bringing attention to a proposal that would close...

Venice Family Clinic Merges With Local Community Health Center

February 23, 2021

February 23, 2021

Local community health centers Venice Family Clinic and South Bay Family Health Care to merge later this year By Kerry...

Lifeguards Make Over 70 Rescues During Weekend

February 22, 2021

February 22, 2021

Wind swells, inshore holes, warm weather result in buys weekend for lifeguards Summer-esque weather combined with a combination of hazardous...

Edify TV: Metro Paying Homage to Historical Black Architect

February 21, 2021

February 21, 2021

The Metro Purple Line Extension is paying homage to a historical black architect known for his works across the Westside....

Housing Backers Start Facing Post-Pandemic Reality

February 21, 2021

February 21, 2021

By Tom Elias, Columnist The mysterious blindness that apparently affected California’s top legislative housing advocates all through 2020 seems to...

Suspect in Police Chase Runs Across the Marina Freeway

February 18, 2021

February 18, 2021

Police chase weaves across Westside Tuesday. By Toi Creel A police chase that began in Ladera Heights weaved all across...

Volunteers Needed for Venice Cleaning Crew This Weekend

February 18, 2021

February 18, 2021

Chamber in Action Pop-up Cleaning Crew on Washington Boulevard this weekend By Staff Writer Volunteers are needed for pop-up cleaning...

Venice Restaurant Looking to Expand to East

February 18, 2021

February 18, 2021

Great White cafe adding Hancock Park location By Kerry Slater A Venice restaurant is opening a second location in the...

Food Review: Highway Robbery on PCH

February 18, 2021

February 18, 2021

An unmemorable breakfast burrito at Rockwell Kitchen By Kerry Slater A gourmet food truck on Pacific Coast Highway near the...