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Posts tagged "Divorce"

Women need to be prepared for the realities of divorce

Emotions run high in many divorces and that is understandable. But divorce legal issues can have a greater and longer-lasting impact on the lives of the parties than the turmoil of the actual break-up. Of course, each situation is unique, but often, California women fill the role of the primary caregiver for the children and either work part-time or not at all. This situation can lead to women, who typically understand the issues to be resolved before the divorce can be final, not fully grasping the bottom line economic realities.

Remember life insurance in a divorce agreement

In a California divorce, there are sometimes details that seem insignificant at first that can actually create problems in the short and long term. One of these areas is life insurance. In cases where one spouse is paying child support or alimony, the parties need to think ahead into the future to figure out the proper arrangement.

Tips for deciding whether to settle or litigate in a divorce

People in California who are divorcing may prefer to try to negotiate an agreement instead of going to court. However, if one spouse is uncooperative or the two simply cannot reach an agreement about property division and child custody, it may be time to decide whether it is best to agree to a settlement that leaves at least one person unsatisfied or go to litigation.

How to create a parenting plan that works

Parents in California may choose to create a custody schedule that sees a child spend a week with one parent and the next week with the other parent. While that may work out well for the adults, it is unlikely that it will work out well for the children. Younger children generally shouldn't go more than two or three days without seeing both of their parents. Otherwise, they could develop separation anxiety or other emotional problems.

More people are getting a so-called 'gray" divorce

Divorce can happen at any age in California. People whose lives have changed since they got married, have evolved, are not feeling the same as they once did, or simply want something different might move forward with a divorce. For some demographics, this is becoming more common than others. That is the case with people 50 and older.

Studies find women seek divorce more often than men

A 2015 study by the American Sociological Association found that women are more likely than men to initiate divorce. There may be several reasons this is the case. In general, women in California and around the country may seek a divorce because they are less fulfilled by marriage than men are.

Financial considerations for older adults getting divorced

Older couples in California may be more vulnerable to divorce than younger couples. As the divorce rate goes down among younger people, it is on the rise among older people, and for people 65 and older, it is three times higher than it was in the 1990s.

Plan to split retirement funds during divorce

For many California couples, their retirement funds are among the largest assets they have. Built up over many years, these accounts can be a major part of the property division process for people who decide to divorce. Many couples have a variety of different retirement funds, including accounts held through each employer or private options like individual retirement accounts. No matter whose name these funds are held in, they are typically considered marital property. If people had their accounts before they married, it may be important to calculate the growth of the asset after the date of marriage.

Why some couples opt to sign postnuptial agreements

Lots of people in California and across the country are familiar with how prenuptial agreements work. These legally binding documents are signed before marriage and help to protect each partner's assets in case of separation or divorce. Postnuptial agreements are not as well known.

Financial concerns prevent many women from seeking divorce

There are a whole host of reasons why a couple may choose to end their marriage. Disputes over money are a driving force behind many divorces, but so is infidelity. While the exact cause of a marriage dissolution may not seem that important when you get down to brass tacks, the truth of the matter is that it can play a significant role in how certain legal issues, like spousal support, are resolved.