Divorce is not an easy process to go through. With it not only comes changes in emotions and daily lifestyle, but divorce also brings changes in finances. You no longer have two salaries to depend. It is important to work out a budget and stick to it in order to take control of any situation… Continue reading →
Posts Tagged ‘finances’
Protecting your assets before, during and after a divorce
Depending on a couple’s finances, a divorce can be financially crippling to both parties. Knowing what to do can help protect you financially. A pre-nuptial agreement written by the couple before marriage details the division of assets in case the marriage ends in divorce down the road. In most cases, it does not cover child… Continue reading →
Marital debt division
When a couple gets divorced, they are faced with the dilemma of dividing up their debts as well as their assets. The division of marital debt and assets is a complicated area of family law. California Family Court has the right to divide joint debts between the couple, regardless of whose name is on the… Continue reading →
Separation and moving out
I have been asked, “Does one person have to move out of the house when separating?” With today’s economy being the way it is, it can be difficult financially to maintain two separate households while going through a separation or divorce. The courts tend to preserve the status quo when children are involved. If you… Continue reading →
What is a post-marital agreement?
Getting married and didn’t make a pre-nuptial agreement? It’s not too late to protect your assets. A post-marital agreement is made after the marriage takes place, but before separation, divorce, or death takes place. In order for your post-marital agreement to be valid and not nullified by a court, both parties must disclose all of… Continue reading →
Divorce and Finances
Did you know that there are about one million divorces in the United States each year? Did you know that 50% of all marriages in California end in divorce? When divorce occurs, so does financial devastation. If a family is accustomed to a certain standard of living, changing it is difficult – it can even… Continue reading →
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