Divorce is not just tough on your emotions; it can seriously impact your finances too. It is vital to understand the costs of divorcing before you reach a settlement with your former spouse so that you can continue to have stable finances after your marriage.
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.