When California couples decide to divorce, the financial effects can be some of the most significant and long-lasting. The end of a marriage has a number of emotional and practical consequences, and it can be a grueling process on multiple levels. However, after the divorce is finalized, there can still be matters that need to be dealt with quickly in order to avoid further confusion and problems. This is especially true for changes to financial and other paperwork that can only be dealt with after the divorce has been handled in court.
Technology affects all areas of life, and this is definitely true during the divorce process. As Californians come to rely on digital accounts/online assets for much of their communications and even financial planning, these items become particularly important for the present and the future. In addition, devices like smartphones have become central hubs for all key information about a person. During a divorce, it can be important for exes to think about how to adapt their use of technology to fit their new realities.
The cost of a divorce can play a major role in whether a person chooses to end a marriage. In 2019, the average divorce cost about $15,000 per individual, and the average divorce case lasted at least four months. However, a divorce can last for more than a year if it has to go to trial, and its length can play a role in how much it costs to go through with it.
During divorces that take place in California or any other state, it is possible that a spouse could try to hide assets. This could be done to keep them from being divided in a divorce settlement. It is also possible that an individual is looking to reduce the amount of spousal or child support that he or she would need to pay. Those who suspect that a spouse is hiding assets should look at that person's tax return.
People in California marrying for the first time may not put too much thought into prenuptial agreements. After a divorce, however, it's wise to think more closely about planning before entering a new relationship. When people marry again, especially later in life, a prenuptial agreement is generally well-advised for the future. Those who remarry in their 50s and 60s may have accumulated substantial assets, retirement funds or even businesses. In addition, both partners may have children from previous relationships. As a result, they may be concerned about the financial impacts if their second marriage ends in divorce.
California couples split up every day, but it doesn't have to get petty or ugly. While most discussion of divorce boils down to one side winning or losing, the reality is that it's entirely possible for two adults to collaborate. Here are a few tips that can help minimize the scars of an ugly divorce.
While the divorce rate is declining in general, it is still not uncommon for people in California and throughout the country to see their marriages end. However, there are many different reasons why this may be the case. For instance, some felt that they didn't spend enough time in marriage counseling or similar educational programs. Another reason why people get divorced has to do with their relationships with their spouse's family.
Many couples in California prefer to exchange "I dos" during the more relaxed days of summer. College and grad students, however, tend to swap vows during the first few weeks of the new year when they have some time between semesters and other obligations. While many younger couples may have an assortment of things on their pre-marriage to-do list, a prenuptial agreement might not be one of them. Still, it's a document that can provide added security and peace of mind.
The New Year has ushered in a law that reforms how judges can consider disputes over pets in divorce cases in California. Prior to Jan. 1, courts treated pets as physical property, but animal advocates viewed that legal definition as inadequate for living creatures with feelings. The new law gives judges the ability to think about an animal's best interests.
Deciding what to do with a marital home can be a sticking point in a divorce. In some California divorce cases, one person chooses to keep the home or is given the home as part of a settlement. There are many issues that should be considered before a person asks for the marital home. First, that person should decide if keeping the house is feasible from a financial perspective.