For California couples living in an unhappy marriage, divorcing might feel like their only option. However, separation is a viable alternative to the divorce process and may even be helpful for those who are on the fence about the future of their relationship. Here are few things individuals should keep in mind when considering which process to pursue.
The age of your child makes an enormous difference in what type of parenting plan is best for him or her.
You probably already know what a prenuptial agreement is, but did you know that you can create a similar document after you have already tied the knot? A postnuptial agreement addresses many of the same topics as a prenuptial agreement and can provide similar protections during divorce. Like its premarital counterpart, a postnup is not necessarily an indicator of an inevitable divorce or separation.
Divorce can be a financially stressful process with which many people in California struggle. When the stakes are high -- such as in a high asset divorce -- individuals may feel understandably worried about their future financial health. Here are a few things to keep in mind for those who are concerned about these issues and want to avoid potentially costly tax implications as the year rapidly draws to a close.
California is a “community property” state, which means that when you divorce, assets along with debts get divvied up between the spouses. It doesn’t matter who produced more during the marriage: everything gets divided between the partners.
You have likely watched a familiar scene play out in many of the popular TV shows and movies that you watch -- a divorcing couple battling things out before a judge. In the end, one person wins and the other loses. While this might make for an entertaining scene, it is not necessary a very good approach to divorce. Instead, you may want to consider mediation.
Although Chris Pratt and Anna Faris might be most well-known to people in California for their roles in popular movies, they have been in the headlines more recently for their ongoing divorce. However, unlike many celebrity splits, the couple reached a settlement in a relatively quick and collaborative manner. Their settlement addresses important topics, such as alimony, child support and child custody.
You probably already have an idea of the type of people who use prenuptial agreements -- wealthy and perhaps not totally committed to their future nuptials. Unfortunately, this long-standing stereotype makes it difficult for the average person in California to fully grasp the true benefits of a prenup. Whether addressing concerns about property division or protecting yourself from your partner's debt, a prenup is an invaluable tool from which virtually anyone can benefit.
Though you may not imagine your divorce will be pleasant, your expectations might still be sugar-coated. Divorce brings many harsh realities that aren't always easy to accept.