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Financial challenges in divorce

When couples in California divorce, both spouses often have significant concerns about the future, including finances, children and where they will live during and after the legal process. While these concerns may appear to be similar in many ways, the truth is that women and men may prioritize or experience these issues differently.

A recent study by a financial services company asked women about their divorce concerns. Interestingly, finances were of the most significant concern to women. This is because women often earn less than their husbands and may need additional time to recover financially after divorce. It is especially important that women work to develop credit in their own names after a marriage ends.

Another consideration is the children. While mothers often ask for and receive custody of their kids, the current trend toward joint custody means that mothers will have to work closely with their child's other parent while making parenting decisions together.

The question of living arrangements is also a concern. In many cases, the family home is sold during or soon after a divorce so that the proceeds can be equitably distributed between the spouses. This requires both spouses to find new housing, something that can be difficult during a period of financial upheaval.

Women who are considering divorce and are concerned about finances, child custody and property division may benefit from speaking with an experienced family law attorney. The lawyer may be able to assist in securing a favorable financial settlement as well as an equitable division of property. If a couple has children, attorneys may be able to work with everyone involved in the development of a solid parenting plan.

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Law Offices of Catherine A. Schwartz
6877 Magnolia Avenue
Riverside, CA 92506

Phone: 951-335-0510
Fax: 951-686-8195
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