When Los Angeles couples, whether married or not, end their relationships later in life or, even if they are younger, have a lot of wealth between them, there are special considerations they must take in to account.
Sometimes when a couple in California divorces, one party may be at a financial disadvantage compared to the other party. For example, one party may earn significantly less than the other, or one party may have stopped working while married to take care of the home while the other party worked. Because the state has an interest in seeing that both spouses are able to live comfortably after a divorce, sometimes the court will order the higher-earning party to pay spousal support to the lesser-earning party.
It may seem hard to believe, but 2018 is already more than half way over, and 2019 is looming. For people in Los Angeles trapped in unhappy marriages, they may be eager to divorce. While all divorce issues should be carefully thought out, there could be advantages to finalizing for divorce before the year's end.
Many couples in Los Angeles and across the nation that have been married for decades, have raised their families, and are facing or are in their retirement years are now contemplating getting a divorce. A "gray divorce" as these late-in-life divorces are called, presents issues that may differ from those younger divorcing couples may not face. While there likely is not child custody or child support issues to contend with if the couple's children are grown adults, couples going through a gray divorce will want to pay close attention to property division and spousal support, as these issues can affect their finances and what their retirement will look like post-divorce.
Some people in Los Angeles might be under the impression that those who divorce late in life have an easier time than younger couples who divorce. But, while older couples still must resolve issues regarding spousal support and property division, but there are two topics that become more complicated as a couple ages.
Couples in Los Angeles who are engaged to be married are usually very much in love. They may feel they have a lot in common with their soon-to-be spouse, and anticipate a long and happy union together. However, one topic that is not always discussed prior to walking down the aisle is that of money. For some couples, this can be a costly mistake. Disagreements about how to handle money in a marriage can sometimes lead to divorce. Therefore, it can help for couples to discuss money well before their wedding day, so they can be on the same page about how to handle it.
When a couple in California marries and moves in together, they will have to divvy up the household chores. For example, one spouse might be in charge of the laundry, while the other cleans the bathrooms. Or, sometimes one spouse writes the other a "honey-do" list of chores they'd like their partner to complete. Of course, disagreements about who should do which chores will happen. Sometimes one spouse feels like they are taking on the lion's share of the housework, and that their partner is not pulling their weight when it comes to chores. Couples fight over chores from time-to-time.
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."