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Divorce Archives

Signs your spouse is hiding property

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.

California divorce: Choosing the right approach

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.

Planning ahead may help older California residents with divorce

Though retirement may be a time that many California residents look forward to, there are certain life changes that could impact those plans. For instance, divorce is a major alteration that could especially affect older parties. Because financial blows may be more difficult to bounce back from at an older age, individuals may wish to identify their goals and determine how to use the divorce process to their advantage.

Retirement plans and divorce

If you live in a community property state such as California, divorcing generally means that each spouse gets half of the property and half of the debts. While there are several ways to work out a fair and equitable division of property, judges are not likely to approve any agreement that appears to violate the 50/50 rule. When you sit down to figure out your property division, it is important not to forget about any pension plans that either of you have. Pension plans can also be considered marital property and may need to be divided. Keep in mind, however, that a pension plan differs from regular property in several significant ways and may be subject to specific laws.

Prenups may be wise in California, even if divorce is unlikely

When couples get engaged, they often think of how happy their futures will be together. While this mindset is often one of positivity and love, it may also be wise to consider the potential for a marriage that does not work. One way individuals could protect themselves in the case of future divorce is to create prenuptial agreements. 

Cobain ordered to pay spousal support during divorce

During separation proceedings, individuals may seek various terms when it comes to spousal support, property division or other related subjects. The circumstances of a divorce play a considerable role in how certain agreements may be drawn up, and individuals hoping for a certain outcome may wish to find out how to best work toward their goals. In some cases, the court may be required to make render decisions.

Planning for financial impacts of divorce may be beneficial

Many California residents try to plan for their financial futures as well as they can. This need to plan may be even more prevalent among older individuals who are approaching retirement. However, there is a chance that unexpected occurrences like divorce might pop up, and some individuals may find themselves looking for ways to protect their finances.

Divorce changes your financial life

Money is often a serious issue when it comes to divorce, and not just as far as splitting up the finances and property goes. What a lot of people do not realize - or are simply unprepared to handle when the time comes - is that when you get a divorce, your entire financial life changes.

Divorce months may affect California residents

During the month of August, many California residents may have found themselves contemplating whether to end their marriages. If this is the case, those individuals are not alone as a recent study indicated that March and August see the highest spikes for divorce filings during the year. There are various reasons behind why each month may see such an uptick.

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