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...
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Divorce
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...
How to handle joint debt in a divorce
One issue that California residents could face after a divorce involves building or rebuilding credit histories. To do this, an individual should make sure that debts held with a former spouse are paid on time. In some cases, this may require an individual to pay them...
Managing finances during a divorce
When couples in California divorce, the personal finances of each spouse are often thrown into turmoil. Asset division and commitments to spousal or child support are typical aspects of the divorce settlement process. However, it is also essential for each spouse to...
Avoiding taxes and penalties when dividing retirement accounts
California couples who are getting a divorce may want to keep things as simple as possible, but if they are splitting a retirement account, they might need professional assistance to avoid having to pay taxes and penalties. For example, to split a 401(k), the couple...
How to make a divorce easier
California residents may feel uneasy about the financial ramifications of their divorce. However, there are ways to keep costs to a minimum when ending a marriage. For instance, it may be possible to seek out mediation instead of going to court. On average, the...
Finances after divorce: It isn’t all bad
Many Californians know that divorce can create lots of financial turmoil, even if only in the short term. However, there are some potential financial benefits that can emerge during and after the divorce process. Thrifty individuals who were married to a spendthrift...
Dealing with the costs of gray divorce
Older California couples whose marriages are ending might be surprised at just how costly their divorces might be. Between fees for legal representation, tax implications and even long-term financial adjustments, gray divorces can become very expensive for the parties...
Making financial decisions during a divorce
Going through a divorce can be an emotionally taxing experience. As such, estranged California couples may not be in the best state of mind to make financial decisions that will have a major impact on their lives after the divorce. To potentially prevent major...
Dividing a TSP during divorce
When going through a divorce, estranged California couples must divide their marital assets. Although some can come to an agreement on their own, there are certain types of assets that require some more attention to detail. These include retirement accounts, such as...