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Outstanding debt can pose issues during divorce in California

One of the biggest stressors when it comes to going through a divorce in California is sorting out which spouse will get to keep which assets. However, a divorce can become even more complex if one party fails to abide by the obligations for repaying debt as provided in the couple’s divorce decree. A couple of tips can help a person to increase his or her chances of smoothly splitting up with their spouse.

Outcome of divorce can impact finances going forward

After filing for divorce, a person may struggle with varying emotions. The individual may be relieved that he or she finally took the necessary step to end an undesirable marriage; however, the person might also be worried about how decisions during the divorce will affect his or her finances in the future in California. This is especially true if one may be dealing with finances in regard to child custody issues as well.

Divorce decisions could harm retirement plans

As employees near retirement in California, they may also be faced with having to file for divorce as a result of irreconcilable differences with their spouses. When getting a divorce, it can be easy to overlook critical details. Several areas require attention during this type of family law proceeding in order to retain as many assets as possible, thus potentially having a more financially secure retirement.

Mediation, collaboration can help during California divorce

When two people have different opinions about how to approach matters during a divorce, a debate can naturally ensue, causing both individuals duress. However, if both people are willing to consider the other person’s needs in addition to looking at their own, they increase their chances of achieving an outcome that is mutually helpful. Property division and the distribution of assets are common areas that spark debate during divorce proceedings in California.

Divorce may affect one's work life in California

A divorce doesn’t just affect one’s personal and family life. It can also have a major effect on a person’s career. This is especially true for people who are public figures or entrepreneurs who are essentially their own brands. Even traditional employees can be affected by divorce if they allow their divorce matters to interfere with their work in California. A couple of tips can help workers to keep their divorces from putting their jobs and finances in jeopardy.

Divorce may stem from financial disagreements

When a relationship is going well in California, it is actually the ideal time to discuss the one thing that breaks up a large percentage of marriages today -- finances. When two single individuals are in love, they’re naturally more open to each other’s viewpoints and wishes. Talking about money is paramount both before and during marriage because differences in how two people spend money can weigh on a marital union, thus potentially causing divorce.

Knowing the law can help wealthy people facing divorce

There comes a time when two people have been married for years realize that spending their lives apart may be a wiser alternative. However, people with significant assets typically fear the process of divorce, as they are afraid that they will end up losing a significant portion of their valuables. A couple of tips can help these individuals to be as prepared as possible for their high-asset divorce proceeding in California.

Prenuptial agreement may help Kanye, Kim in event of divorce

Many people in California may have learned about Kanye West and Kim Kardashian’s recent marriage. Although the celebrities may have been blissful on their wedding day, this bliss may not last very long for a variety of factors, according to modern research. A prenuptial agreement may help a person who is getting married in our state to protect his or her assets in the event that a divorce happens.

Health insurance may be worth considering during divorce

When people are ready to end their marriages, they may be eager to go straight to filing the divorce papers. This is particularly true when the two parties can’t find common ground on important areas of their marriage, such as the finances. However, timing plays an important part in filing for divorce in California, particularly for an individual who depends on his or her spouse for health insurance.

Divorce tips include attention to retirement accounts, property

Just as preparing for a California wedding can be highly stressful, so can getting ready for a divorce. This is especially true for those who have a large amount of shared assets and property to divide with a spouse. A few tips can help a person to pay attention to his or her most important assets in a marriage, as well as to prepare financially for life after divorce.

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