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.
When parents in California divorce, issues surrounding the children are often a matter of concern. Parents are usually required to work together to co-parent their kids, and this kind of collaboration can be particularly difficult over the holidays.
When divorce happens later in life, as some California couples have learned, there might be investment and retirement accounts that make the process of dividing assets more complicated. Additionally, the division of some of these investments might trigger penalties and taxes that can be avoided. Finally, the way these assets are divided can have an impact on financial stability post-divorce.
Couples in California who are not mega-rich are sometimes stuck in a situation where they make too much money to qualify for certain types of aid but do not make enough money to live comfortably while paying their bills. This has caused some couples to consider a strategic divorce.
Tech startups are a major driver of the economy in California and across the country. Like other closely held businesses, startups have founders who may have good reason to be careful when deciding to marry. A prenuptial agreement can be an important step for people in the tech industry and other fields who are staring their own businesses, even if their firms are relatively small or still in the idea stage. In California, property acquired during marriage is assumed to belong equally to both spouses under the principle of community property. However, a prenuptial agreement is one way that couples can make clear their own plans for how to distribute their assets.
The American Psychological Association says that around half of first marriages end in divorce. This means that many California couples will go through this difficult process at some point in their lives, but there are actions and mindsets that can make it less difficult.
In a new survey from the American Academy of Matrimonial Lawyers, 62% of family law attorneys said that they've seen an increase in prenuptial agreements over the past few years. Slightly more than half said that the increase was largely because of millennial clients. There are several reasons why younger people in California are more likely to want prenuptial agreements. For instance, they have fewer tangible assets and get married later in life. Furthermore, both parties to a marriage are likely to earn money regardless of gender.
It is generally thought that married couples in California and throughout the country are happiest at the beginning of their relationships. While this is true for most couples, this is not the case for everyone. Furthermore, not all couples experience a decline in satisfaction in their relationships as they progress. This was according to a study conducted by individuals from the University of Georgia and the University of Texas.
Couples in California whose marriage is ending need to understand the difference between the reality of divorce and the myths that often result in more tension. Understanding these differences is important as they begin the divorce process and life post-split up.
Couples in California may be more likely to get a divorce in August than during any other time of the year. A study from the University of Washington found that this was the month in which divorce rates peak, and some attorneys back this up with anecdotal evidence.