For those going through a divorce in California, the financial impact can be significant. The divorce itself could result in an individual losing a significant percentage of assets built up over his or her lifetime. Furthermore, it can be more expensive to live as a...
Divorce
Financial issues raised when older couples divorce
Older California couples may be more vulnerable to divorce than they were in the past. The divorce rate for couples over 50 has doubled since the 1990s. However, for people who have not handled the marital finances, divorce may be particularly difficult as they might...
Divorce later in life carries financial challenges
For spouses in California who have spent years growing their retirement savings, divorce can pose a wide range of problems. While the financial aspects of divorce can be some of the most challenging for people of any age, when it comes to retirement funds, couples...
Dividing retirement plans for divorce
Couples in California who get a divorce should take extra precautions when dividing their retirement assets. The different types of retirement accounts are governed by specific rules that dictate exactly how they should be divided. If the correct procedure is not...
Financial planning and the possibility of divorce
California couples who are planning to get married might want to consider a prenuptial agreement. If they are already married, they may want to consider a postnuptial agreement. Both of these can help protect people financially in a divorce. While some people might...
Divorce mistakes to avoid
A divorce can be a painful process in many ways, including emotionally and financially. California couples who are facing the end of their marriages should make sure to avoid certain common mistakes during the process. Not finding the right attorney can make the...
The effect of divorce on credit
Divorce may have an effect on the credit of some people in California. For example, one person might want to keep the home, but this could involve refinancing and taking on more debt. Other ways could be related to how shared debt is divided and whether the split is...
Divorce in the age of bitcoin
California residents know that a divorce can be complicated, both emotionally and financially. While it means the end of a relationship that just did not work, starting over and letting go of previous life plans can be very difficult. Additionally, the division of a...
Social security payments after a divorce
California residents may take steps to forget about their divorce and move on with their lives. However, it may be possible to collect Social Security benefits based on the work record that a person has with a former spouse. Collecting such benefits may make it easier...
Refinancing after a divorce
California homeowners who are getting a divorce should handle their home mortgages with care. Refinancing a mortgage may be the best way to protect one's financial future and a home, which usually is a couple's most valuable asset. Refinancing is ideal because it can...