California couples who are ending their marriage can organize their finances in a way that might make the process less difficult. While they may get advice from friends and family, it is important to remember that legal and financial professionals might be able to...
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Divorce
Husband’s employment status correlated with divorce risk
Californians might be interested in a study that shows that the work status of a husband often correlates to their risk of getting divorced. The study was recently published in the "American Sociological Review." The study was done by a Harvard sociology professor who...
The importance of getting advice on QDROs in California
When a couple divorces and has to divide retirement assets, a Qualified Domestic Relations Order may be necessary. A QDRO outlines how much money will need to be provided from one spouse's retirement account to the ex, and it can also determine what those assets will...
Financial considerations for older divorcing couples
The divorce rate in California and across the country has remained fairly stable since peaking in the late 1970s and early 1980s, but the overall rate conceals a demographic trend that has alarmed many sociologists. While the number of younger couples choosing to end...
Social Security, divorce, and ex-spouses
Some California residents who have gone through a divorce might be unaware that they may be able to claim Social Security benefits based on the work record of their ex-spouse. They must have been married for at least 10 years. They must not be remarried, and the...
Automatic temporary restraining orders in divorce
In the state of California, when one person files for divorce, a court will issue an automatic temporary restraining order on both parties. Among other things, this is intended to prevent a spouse from hiding or dissipating assets in an effort to keep them from the...
Common money issues that end marriages
Some studies show that nearly half of all first marriages will end in divorce, and subsequent marriages have an higher likelihood of failure. One of the main causes of divorce is money problems, but California couples can discuss their financial situation and...
Divorced parents: paying for a child’s Olympic dreams
When children in California dream of Olympic gold medals, their parents may find themselves dreaming of ways to come up with the money to make those dreams come true. Paying for athletic training expenses can be an even bigger challenge when parents are divorced. Many...
Social Security benefits may still be possible after divorce
If people are married for more than 10 years and then divorce, they might still be eligible to draw on their former spouse's Social Security benefits at retirement. California couples who are getting a divorce and who are approaching the 10-year mark in their marriage...
Divorced parents and the child tax credit
When filing their federal tax returns, California parents may claim the child tax credit for all qualifying dependent children under age 17. The child tax credit may reduce the amount of income tax that a person owes to the IRS by up to $1,000 per child. If the credit...

