When a couple in California goes through a divorce, financial issues such as property division and spousal support will come up. There is often confusion about exactly how the settlement of these issues will affect a person financially. This post will go over some misconceptions a person might have with regards to money and divorce.
When a couple in Los Angeles divorces, they may find that their disagreements carry on throughout the divorce process. After all, each party does not want to get short-changed in the final settlement. The stakes are raised in a high net worth divorce, where a significant amount of money is involved.
One thing some married couples in California who are constantly fighting can actually agree on is that they want to end their marriage. However, they may be discouraged in thinking that divorce is a lengthy process that will cost them a lot, financially and emotionally. They may wonder if there are any alternatives. While most couples in California seeking to end their marriage will have to go through the normal divorce process, it may be possible in certain situations to end a marriage through a "summary dissolution."
Some couples in Los Angeles pursuing a divorce may first try to mediate their divorce before going to the courtroom. It is important that couples looking to mediate their divorce understand the mediation process.
Between Hollywood, Silicon Valley, and all points in between, California is truly a state where a person from humble beginnings can become a very wealthy individual. And, like people across the nation, oftentimes when a couple marries, over the years their assets accumulate in a way that substantially increases their net worth.
Most couples don't expect to find themselves slogging through a divorce after 30 years of marriage. However, it happens more often than one might think and presents its own set of unique challenges. Late-in-life divorce is sometimes referred to as a "silver divorce" or "gray divorce." Some reasons for these situations involve infidelity, regrets, and financial issues. While older, more mature adults may be able to handle the emotional pitfalls of a divorce better than a young couple, that doesn't mean it is any less painful or less tedious to resolve. In fact, late-in-life divorce comes with some unique considerations to take in.
Not every marriage is meant to last. Whether a couple in California gets by paycheck-to-paycheck, or whether they are wealthy individuals with many valuable assets, their marriage can hit the rocks for a variety of reasons, leading to divorce. One high-profile couple's divorce demonstrates just that.
Whether a divorce was your idea or your spouse's, and whether you're merely considering ending your marriage or have already filed paperwork, you may be dreading the thought of court. You may even have begun your divorce proceedings with the best of intentions, hoping to make the process as amicable as possible. Perhaps, you've given some thought to - or even already attempted - mediation.
Sometimes, when the fighting gets to be too much or when spouses grow more and more distant from one another, one or both of them will decide that their marriage simply can no longer be held together, and they are best off divorcing. In California, a divorce (also referred to as a dissolution) puts a legal and permanent end to the marital relationship. This means that once the divorce process is complete, a person is considered to be single and can remarry, if they so choose.
Divorce can sometimes bring out the worst in people, but this doesn't always have to be the case. Couples in Los Angeles seeking a divorce can decide to take the high road and try to work together so that they each walk away from the split more or less amicably. For these couples, mediation may be an option.