During divorce, determining what to do with assets is often a main concern. California residents may have understandable worries about what will happen with their homes during property division. One option divorcing parties could go with is agreeing to sell the home and split the proceeds. However, this option may not work for everyone.
Many California residents likely consider the first month of the year a time for getting organized and assessing the state of their lives. For some, that may mean considering whether they would like to continue on with their marriages. If individuals are contemplating divorce, they may find themselves looking for information before jumping into the process.
According to "The Orange County Register," the California divorce rate is about 60 percent. This is 10 percent higher than the national average of 50 percent. Many more couples think about divorce before ever taking such steps as talking to an attorney or hiding property to keep it out of the divorce settlement. In California, community property is defined as "assets acquired or income earned by a married person while living with the spouse." It also includes debt acquired during the marriage. All these items should be distributed equally in the dissolution of the marriage, but sometimes, a person might attempt to get around this law.
Fully accepting that a marriage is coming to an end may be a difficult idea for some California residents to accept. This change may be even more difficult to understand for any children who may be affected by the divorce. Because child custody arrangements may seem frightening to children, parents may wish to approach the new situation in a sensitive manner.
After their divorce agreements are put into motion, many individuals may find that certain terms do not fit as well as they had hoped. As a result, California residents and other individuals may begin looking for ways to change their agreements. When it comes to child support, a significant change in circumstances could warrant modifications.
Dissolving a marriage can be a complicated endeavor that affects each individual differently. Those facing these issues in California may wish to pay particular attention to how they approach their divorce cases. By properly preparing and choosing the process that best suits the circumstances, divorcing individuals may be better able to work through their proceedings in the most efficient manner possible.