Divorce
Are millionaires less likely to get divorced?
When couples feel financial stress, it increases the odds of divorce. This is part of the reason that losing a job can make it more likely that a marriage will end. Not having an income, or seeing a significant reduction in income, puts financial stress on the couple....
High-asset divorces can be complicated
California is a community property state, which means that spouses who are divorcing generally share equal ownership interests in any assets acquired during the marriage. This approach covers both material and immaterial assets, including bonds and stocks owned by...
3 ways that money can contribute to a divorce
So much depends on money that it is no surprise that it can affect a marriage. And that often the effect is negative and can result in a divorce. Here are some reasons money could lead to a divorce: Spouses hold different attitudes toward money Some people like saving...
3 reasons why divorce mediation can benefit a need for privacy
Social stigma is still sometimes a deterrent to divorce. While there is much less social concern about divorce now than there was decades ago, people can still face a degree of judgment after the end of a marriage. Particularly when there is reason to claim that...
How emotional affairs lead to divorce
It doesn’t take physical intimacy to have an affair. An emotional affair is a connection between two individuals that goes somewhat beyond the norms of a platonic friendship – creating an “emotional intimacy” that mimics the closeness most people have in their...
3 things that make divorce more likely
In some cases, you can identify life events that increase your odds of divorce. This doesn’t guarantee that divorce will happen, but it does mean that it is more likely for you at that time. This can be helpful because it gives you a chance to plan ahead and get...
3 marital assets that may require careful valuation before divorce
Under community property laws in California, spouses usually need to divide whatever they accumulated during a marriage if they divorce unless they agree to other arrangements. Regardless of who earned more money or whose name is on the ownership paperwork for assets,...
What happens to retirement accounts during divorce?
When couples go through a divorce, the division of their retirement accounts may become a matter of concern. These accounts are often substantial and can significantly impact the property division process. Two key concepts that often come into play when division of...
Watch out for the dissipation of marital assets during a divorce
The dissipation of assets refers to the unjustified spending or wasting of marital property amidst a divorce. For instance, you may notice short-term spending sprees on luxury items or sudden extravagant expenses by your spouse before the divorce process begins or...
Can business owners keep working together after a divorce?
Things get tricky when business owners are married, and they may have even been a married couple before they started the business. But they’ve now decided that they’re going to get divorced. As the marriage ends, they may start to wonder if that’s also the end of the...