November 28, 2020 #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

Edify TV: Layoffs Coming as LA County Suspends Outdoor Dining

November 25, 2020

November 25, 2020

“We are laying off about 70 percent of our staff,” says a local restaurant owner in the wake of LA County...

Acclaimed Abbot Kinney Restaurant Closes 18-Months After Opening

November 25, 2020

November 25, 2020

Vartan Abgaryan says Abbot Kinney Boulevard restaurant Yours Truly will not be reopening By Kerry Slater An acclaimed Abbot Kinney...

Small Package Explodes at Venice Post Office

November 23, 2020

November 23, 2020

Saturday incident under investigation A small package exploded at a Venice USPS facility over the weekend. According to the Los...

City Council Set to Vote on Vote on Encampment Ban

November 19, 2020

November 19, 2020

Los Angeles City Council to continue controversial item November 24 By Sam Catanzaro Los Angeles lawmakers are set to vote...

Venice Shooting Leaves Man Injured

November 19, 2020

November 19, 2020

Shooting takes place in area of Washington and Pacific Thursday One person was injured following a shooting that took place...

Local Restaurants React to New Dining Restrictions

November 19, 2020

November 19, 2020

Capacity in Los Angeles restaurants capped at 50 percent By Toi Creel Local restaurants are having to make some big...

Main Street Restaurant Recognized by Michelin

November 19, 2020

November 19, 2020

Pasjoli on Main Street in Santa Monica named a “discovery” restaurant By Toi Creel While Michelin stars are not being...

Senior Housing Development Would Include 12-Stories, Over 100 Units

November 17, 2020

November 17, 2020

Belmont Village project to go before Westwood Design Review Board By Sam Catanzaro A 12-story, 153-foot-tall, senior housing project is...

Venice Family Clinic Raises $1 Million for 50th Anniversary

November 17, 2020

November 17, 2020

Billy Crystal, Whoopi Goldberg, Jennifer Hudson, Blake Shelton among celebrities supporting weeklong celebration and fundraiser By Kerry Slater With support...

Edify TV: Reopening of Popular Westside Beach Workout Destination

November 17, 2020

November 17, 2020

“It’s just so great,” says a man on the reopening of a popular Westside beach workout destination. “This is therapy...

Coroner Rules Homicide in Death of Venice Senior Robbing Victim

November 16, 2020

November 16, 2020

71-year-old Jesus Valdiva Jimenez death a homicide, Los Angeles Coroner rules By Sam Catanzaro A man faces potential homicide charges...

Edify TV: Westside Apartment Building to Hotel Conversion?

November 15, 2020

November 15, 2020

A developer’s proposal to convert a Westside apartment complex into a hotel has been met by backlash from some members...