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Posts tagged "Divorce"

Irreconcilable differences lead to divorce.

California couples may be all too familiar with the term " irreconcilable differences." The term is used to describe a situation in which neither spouse has committed any sort of act that would immediately warrant a divorce, and yet the marriage has irretrievably broken down. Referred to as a no fault divorce, this type of legal split has become one of the most common ways Americans are choosing to dissolve their unions. 

Gray divorce can come with financial challenges

In the world today, it is very common for a marriage to end. Divorces have become culturally understandable and part of the societal standard. Since the 1990s, the divorce rate for California couples who are over the age of 50 have doubled. When older couples decide to divorce later in life, they must make choices to split assets while also working through the fact that they may incur a potential doubling of their living expenses. Moreover, if either or both parties have a retirement plan already mapped out, the result of a divorce can present several challenges.

Promotion may increase woman's chances of getting a divorce

No two unhappy couples in California are alike. However, in many cases, part of a two spouses' unhappiness may have to do with the professional success of the wife. This is according to a new study that revealed that women who enter their marriages either not working or earning less than their husbands do have a greater chance of going through divorce if their careers suddenly take off.

Divorce becoming messier thanks to bitcoin

Going through a marital breakup can be both emotionally and financially overwhelming. This is true no matter how long a couple has been married or what the spouses' net worth are. However, the growing popularity of the bitcoin and other similar cryptocurrencies has been making the divorce process even more confusing for those in California and elsewhere.

Prenuptial agreements, postnuptial agreements may help in divorce

The dissolution of a marriage can understandably be a challenging ordeal from both an emotional and a financial standpoint. The reason for this is that two spouses essentially have to undo years or perhaps even decades of the intertwining of their lives. However, prenuptial agreements or postnuptial agreements may help to make the divorce process easier in California.

Financial steps are important to take after divorce, too

Trying to reach a settlement when dissolving a marriage in California can oftentimes feel impossible. Thus, when two spouses finally achieve a divorce settlement, this is typically cause for relief and celebration. However, even after a couple's settlement documents have been signed, the work is not over. Taking a couple of additional important steps is necessary to protect one's best interests financially.

Common mistakes can be costly at divorce trial

Getting divorced can understandably be a stressful situation, both financially and emotionally. However, by making the right moves, those who are going through divorce can come out as financially secure as possible. Here are a few common mistakes to avoid at divorce trial in California, as they often end up costing those who make them.

Prenuptial agreements especially valuable for those in business

Marriage, much like life, is unpredictable. Unfortunately, even spouses with the strongest intentions of staying together may end up growing apart and headed to divorce court. For this reason, creating prenuptial agreements before getting married may be a wise move for many couples in California, especially those who are in business or are interested in business.

Divorce impacts medical insurance coverage

The dissolution of a marriage in California can have a negative impact on an individual's finances whether he or she is the household breadwinner. Some of the most complicated financial matters to address during divorce include child support and the division of property. However, an aspect of the finances that is often neglected during divorce is medical insurance coverage.

Negotiating divorce settlement can be successful

When spouses decide to end a marriage in California, they may naturally expect the process to be hostile and unpleasant. However, not every divorce proceeding has to be acrimonious. A couple of tips may help with making the divorce process more manageable both financially and emotionally.

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