Divorce is common in California and other states. When children are involved, separation can involve significant emotional stress and negotiation about parenting plans. It is important for divorcing couples to consider how to best co-parent their children after the...
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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...
Developing a co-parenting plan after a violent marriage
For some separated couples in California and around the country, intimate partner violence is a common occurrence during marriage and after the separation. Interestingly, the type of violence that occurred has a significant impact on the ability for parents to make...
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...
Alimony deduction may be on the chopping block
One part of the proposed tax reform legislation that may impact some people in California is the proposal to do away with the alimony deduction. Under this proposal, people who are ordered to pay alimony to their ex-spouses would no longer be able to claim their...
Being prepared can be essential to positive custody outcomes
California fathers involved in a divorce may be concerned about the impact of the end of their marriage on their children. Besides the regular concerns for a child's emotional development, many fathers worry that their bonds with their children will be strained or...
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...
Child support and extraordinary medical expenses
A California child's uninsured medical expenses are also part of both parents' obligations to pay in addition to basic child support, in most cases. These medical expenses are the ones that are not covered by a health insurance plan and can include co-pays,...
Property division and hiding assets in a divorce
California is a community property state, which means that marital assets are divided in half for divorces. This has lead to many concerns for separating couples, including one woman who is divorcing her husband of 25 years. Her husband has insisted that he is going...