When a California couple decides to end their marriage, many fear that the process of bringing the matter to a close will result in financial disaster. Virtually everyone knows someone who went through a lengthy, bitter and expensive divorce, and many spouses fear that they will sustain serious monetary losses when they choose to end their own union. However, it is important to realize that many of the negative repercussions of a divorce and property division can be mitigated or eliminated with the right mix of planning and careful action.
In California, as in other areas where large segments of the population have a higher-than-average net worth, pre-nuptial agreements are considered to be just good business. In addition to these agreements signed prior to the wedding, many couples now have their legal representatives draw up post-nuptial agreements to deal with property division matters that may arise during the course of the marriage. Those who have made these agreements say that far from indicating a lack of trust or faith in marriage, it helps support it by eliminating situations that could cause conflict between partners.
Many readers in California likely think that in most dissolution of marriage cases, it is the husband who is ordered to pay spousal maintenance is some must be paid. This is because traditionally men earn more than women, thus making the payment of alimony after a divorce their responsibility. However, one recent article notes that this fact is changing.
The holidays can be a stressful time for some, as readers in California may be aware. At least one report indicates that this already-stressful time is rarely a good time to file for a divorce from one's spouse. This may because of the emotional reaction of a person who has just been asked to end their marriage in divorce, not to mention other financial reasons.
Every couple that seeks a divorce in California is different. For some the issues of child support and child custody are contentious. However, for others who have grown children, a divorce may center more around property division and other negotiations, one authority reports.
The husband of "ER" and "Bend it Like Beckham" star Parminder Nagra filed a lawsuit recently in a California court against his estranged wife. The lawsuit comes as the couple is going through the divorce process and involves his actions as the caretaker of the couple's investments and real estate. The divorce petition was originally filed in February.
When a couple in California is working toward a divorce resolution, they often find themselves arguing over every asset and piece of property that they owned together. Sometimes a property division battle can even wage over items that would seem out of the realm of consideration. This is what happened when one man found out that his wife was allegedly hiding 1,200 pairs of designer shoes.
Getting a divorce in California can mean long negotiations, and even litigation, as a couple works to divide their assets and liabilities. The process of property division is among the most hotly contested areas in many divorce situations. Now some authorities note, that with proper planning, there may be ways to lessen the financial blow that can be caused by divorce.
The family pet often likes to be the center of attention, and that is starting to apply in some divorce proceedings as well. While the law in California and across the country still technically treats pets as property, the issues that courts consider in deciding who keeps an animal are becoming increasingly similar to child custody proceedings, as opposed to property division.