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 things in order. You may need to gather documentation or …
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, both spouses may have an interest in what either spouse earned or acquired during the marriage. Securing a …
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 retirement accounts are at issue are the transfer incident to divorce and the qualified domestic relations order (QDRO). …
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 even during it. How will this affect you? Well, California is a community property state. This means marital assets …
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 family business. It can be. Many people sell their businesses when they …
Chronic stress can lead to poor divorce decisions
If you are going through a divorce, you may agree that it is one of the most stressful experiences anyone can endure. Divorce stress is quite common and understandable, but that doesn’t make it any less unpleasant. Chronic stress persists over a lengthy period, usually until you resolve its cause. Unfortunately, it may increase the risk of making poor decisions, …
3 factors that influence the cost of a California divorce
The average person will confirm that divorce is an expensive process, if asked. Not only do divorcing couples need to split up their resources, but they also have to pay for legal representation and time in the California family courts. According to recent research on the average cost of divorce proceedings, couples usually pay around $17,500 for a divorce. However, …
Do people get divorced because of financial issues?
Marriage often involves talking about difficult subjects. Couples may discuss whether they want children, if they will finance for a new home or if they would move for better jobs. These kinds of decisions often have financial implications. If a couple comes to an impasse about how joint assets are used, it could lead to a divorce. There are many …
My spouse won’t sign divorce papers. What do I do?
Even the most amicable divorce can be emotionally draining and tiresome to navigate. But if your spouse is adamant and anything but willing to sign divorce papers, you might be wondering what to do. If you have decided to end your marriage, you are probably ready to follow through to the end so you can pick up the pieces and …
Is it better to stay together for the kids?
Entire songs have been written about the idea that parents sometimes decide to stay together for the kids. This is a decision that they make when they no longer want to be married, but they already have children and they think that the divorce would have a detrimental impact on the children’s lives. They decide to stay married, even though …
