Knowing that a marriage is coming to an end may be a painful realization for many couples in California and elsewhere around the country. While this decision may be difficult for couples of any age, it can seem all the more stressful when the people have been married a long time. According to a national research organization, the divorce rate for older adults in this country has doubled since the 1990s.
When you're in the midst of a divorce, it can be difficult to think of your soon-to-be ex-spouse as anything but a source of negativity. Even with all the other considerations -- asset division, relocation, finances and more -- the conflict can be hard to set aside. There's a reason you're getting a divorce, after all. Of course, the well-being of your children is forefront in your mind, but it's probably hard to remember that your soon-to-be ex is also their parent and that a divorce won't change that.
Many California residents are familiar with the reality television show "Jon & Kate Plus 8." While the show is no longer on the air, the stars continue to make headlines. The show centered on a couple who welcomed sextuplets into their home, along with their older twin daughters. As the show went on, viewers were exposed to increasing tension between the husband and wife, who eventually divorced. Now, the couple may be headed back to court to argue for a change in child custody.
When a marriage ends in California, there are often major changes in the lives of those involved. One area that experiences significant changes following a divorce is finances. Experts stress the need for affected parties to seek assistance in a divorce.
When a marriage ends in California, or anywhere around the country, there is often concern about how any children involved in the situation will be affected. Of course, parents want their children to continue to be healthy and happy, even if they have gone through a divorce. Traditionally, child custody decisions were made that found the children spending more time with one parent than the other, even in a joint custody situation. However, family experts now recommend truly shared parenting as a means of creating a more stable environment for the children.
Splitting up assets in a California divorce can be a complicated process. When dealing with major assets, such as a home, decisions need to be made that will be fair and equitable to all parties. For many couples, their largest asset is an IRA plan. Property division issues must be addressed to avoid potential penalties or taxes. Financial advisors recommend understanding all the tax implications before splitting the funds in an IRA.
When couples in California and elsewhere around the country get married for a second, or even third, time, a good majority of those marriages will not be successful. In fact, 67 percent of second marriages end in divorce, while 74% of third marriages experience the same fate. Many people do not appear to be wary of wedding again and want to give marriage another try. However, it may be prudent to discuss several topics that could possibly cause conflict. For some, a pre-nuptial agreement may be advisable.
You can probably look back on the different stages of your life and think of a few things you may do differently if given the chance to go back in time and do it all again. On the other hand, you may be one of many California residents who believe that all of life's circumstances, the good, the bad and the ugly, made them who they are today and therefore they have no regrets.
Many California residents have a will that specifies how their assets will be distributed after their deaths. As individuals near retirement age, the issue of how a person's home will be handled often arises. Financial experts report that since a home is likely the most expensive asset someone owns, how to deal with it is a major consideration in estate planning.
After a marriage has ended, some California residents may receive child support payments as part of a settlement. Family specialists acknowledge that there is a good deal of misunderstanding about the process. August was Child Support Aware Month, and some experts hope to clear up some of the misconceptions surrounding it since many ex-spouses either receive it or must pay it as part of divorce proceedings.