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Posts tagged "Divorce"

Taking the necessary financial measures following divorce

For individuals in California who are going through the end of a marriage, one of their major concerns may lie in the uncertainty of what happens after the process is finalized. While divorce can be stressful enough in its own right, a person may still need to take certain financial measures even after obtaining a divorce decree. With little experience in the area, one could find it advisable to seek guidance on areas he or she may need to address.

Factors to consider when creating a parenting plan during divorce

Dissolving a marriage can be a difficult decision that will inevitably bring about change in the lives of everyone involved. For parents in California who choose to divorce, many may wonder how these changes will affect their kids. Although parents may experience some level of uncertainty during this period, there might be certain aspects to consider that could prove essential to creating an acceptable parenting plan.

Uncovering hidden assets prior to divorce proceedings

Many individuals in California and elsewhere place a great deal of importance on maintaining a healthy financial future. For those facing divorce, there may be some concern as to how the outcome will affect this area of life, and what they can to to protect it. Prior to entering divorce proceedings, a person might find it essential to identify all marital assets and ensure that none remain hidden throughout the process.

Who keeps the house in a high asset California divorce?

There are many uncertainties involved with a divorce. Unless you have a prenuptial agreement on record defining the division of assets or spousal support, it can be hard to know what to expect. In general, the higher the overall value of your assets, the more likely you are to experience a contentious and difficult divorce.

Seeing to the needs of a child during divorce in California

When parents in California and elsewhere decide to move in separate directions, they may do so with the belief that it is the correct path for everyone involved. However, their kids could feel as though they have no say in the matter, and they might have trouble accepting the situation. Since similar issues can be harmful for a child, parents who are going through a divorce may seek to protect their kids by finding ways to help them throughout this difficult period.

Why recordkeeping is so important when spousal support is awarded

When two spouses decide that it is time to file for divorce, there will be so many issues that have to be handled. Depending on the couple and the divorce, certain issues will rise to the top. Some couples will have children, and thus child custody and support will be two of the most important issues. Some couples won't have children, and instead will have a lot of assets, thus making property division one of the most important issues in their divorce.

Divorce negotiations must resolve debt as well as asset division

When negotiating a marital property settlement in California, it is important to remember that debt owed by the spouses jointly must be resolved as part of the agreement. If that is not done, troubles with debt can crop up long after the divorce has been entered and finalized. For example, some credit cards may have started out as the debt of one of the parties only.

Divorce can follow a cooperative, collaborative format for some

A divorce can be an emotional roller coaster filled with tough human feelings such as hate, jealousy, revenge and the like. In California and elsewhere, however, there are alternative methods that may be more suitable for a couple that is splitting on a more friendly and amicable basis. A major alternative is called a collaborative divorce, and it looks at the process in a different light -- one might say a kinder and gentler light.

Divorce can raise special pitfalls for women near retirement

In California and elsewhere, the plight of a woman who is getting a divorce is a riskier proposition generally than that faced by a male spouse. Statistically, women are living longer than men, and there are twice as many women over 50 who are divorced or getting a divorce today than 20 years ago. Women do not remarry as often as men and they generally make less than men. All these factors combine to make it necessary for divorced women to save a larger chunk of their income for retirement.

Financial planning and divorce

Over the years, the majority of decisions that an individual and a couple makes can have a tremendous impact upon their long-term financial security. Thus, when a California couple decides to divorce, financial ramifications are almost a certainty. However, this impact does not necessarily have to be a negative one.

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