Getting divorced can certainly be challenging emotionally, but it can be just as difficult financially. This is true even in the most seemingly amicable marital breakups. Here are a couple of tips for navigating the financial aspect of a divorce proceeding in California, particularly when it comes to property division.
After retirement, one thing you might want to do is end or change your alimony arrangements. Retirement is, fortunately, a circumstance under which you may be able to have your alimony conditions changed. Ending payments may not occur unless you can show that the supported spouse doesn't require aid any longer.
Dissolving a marriage can quickly take a financial toll on any individual in California. However, research shows that divorce issues such as property division tend to especially impact women. Here is a glimpse at how divorce affects women and how they can protect their financial interests in the midst of it.
Dissolving a marriage in California can unfortunately throw a person's long-term financial plans off. These plans include not only savings for the future in general but also savings for retirement. However, divorce can also affect a married couple's plans for saving for their children's college education -- an important issue to address during divorce mediation.
One of the biggest causes of stress in marriage is money, especially debt. For this reason, it may not come as a surprise that college debt can take a toll on marriages in California. In fact, it can even become a major sticking point during divorce mediation if two spouses decide to break up yet try to resolve their divorce issues outside of court.
Divorce is never easy from an emotional standpoint, no matter how long or short of time two people have been married. If the two spouses have young children, this only complicates things. However, parents in California who are dealing with child custody issues can help their children through the process in a few ways.