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November 2017 Archives

Helping children overcome negative consequences of divorce

When you filed the papers to end your marriage in a California court, you knew your decision was affecting children's lives as well as your own. Hopefully, through thoughtful discussions and by keeping lines of communication open, you'll be able to help them over any bumps that arise on their pathways toward a new family lifestyle. There are certain issues that seem to be most prevalent among children of divorced parents. Knowing what these are ahead of time may help you to better help them.

Divorce: Prenups helpful for everyone, not just celebrities

Many couples in California and around the country opt to create a prenuptial agreement before entering into marriage. In most cases, these agreements deal with property division should a couple get a divorce. However, there is a trend in prenups and other relationship contracts to include a variety of stipulations other than those that address finances.

How to divide real estate during a divorce

The purchase of a home is typically the largest single expenditure a married couple makes in California or anywhere around the nation. When a couple decides to get a divorce, dealing with the home can prove to be a complicated issue since it is likely the largest asset. While experts acknowledge that divorce proceedings may be stressful, it is important to make informed decisions regarding the home during property division.

How mental illness or addiction can affect a divorce

Mental illness is a very serious matter affecting California and all other states in our nation. Many people consider addiction to alcohol or other substances to be a mental illness as well. While these problems can have a devastating impact on couples in a relationship, they can also come into play when a couple is getting a divorce.

Need to redo budget when going through a divorce

Budgeting is a critical part of managing finances for many California residents and others around the country. However, it becomes even more paramount for individuals going through a divorce. Financial experts recommend focusing on several specific areas as a couple moves from living with two incomes to existing with one.

Why self-procured divorce isn't usually a good idea

When you first started thinking about getting divorced, you may have immediately begun to worry about the potential costs of such endeavors. While you realized that there are other issues as or more important than money, you have also always been a practical thinker; thus, it seemed only logical to think and plan ahead. Perhaps a few of your friends suggested that you try a do-it-yourself style divorce. You took to the idea right away because it sounded like a big money-saver.

Pre-nups are important documents in divorce process

Prenuptial agreements may not be considered as a romantic gesture by California couples or others throughout the country. However, many experts view them as an essential document for those entering into marriage, regardless of the couple's income level. They are certainly important to have in place should a divorce occur at some point. A recent financial advice column addresses a number of issues regarding prenuptial agreements.

How divorce can affect credit card debt

When a marriage ends in California or elsewhere around the country, there are a number of potentially emotional issues to address. Dealing with finances during the divorce process can lead to conflict among the parties involved. One particular aspect of finances that may be overlooked in discussions is how credit card debt will be treated. However, according to a personal finance website, this issue should be addressed in divorce proceedings.

Making It Work: Moving With Kids After a Divorce

In many ways life after a divorce is a chance to set the reset button on your life, but if you have kids in tow things can get a bit complicated. Many divorce agreements set geographical parameters on where a custodial parent can live. The idea is that it is most beneficial for kids to have regular input from both of their parents. While this is often true, each individual parent also needs to be able to move their own lives forward, and often opportunities present themselves outside the original parameters set by the court. 

Father wants pre-nup for daughter in case of divorce

Parents in California and all around the nation often have concerns about how their children will fare financially. Some parents may go so far as to offer advice, even if it may be unsolicited. A personal finance columnist recently received a question from a reader regarding a pre-nuptial agreement for his daughter to avoid conflict should a divorce occur in the future.

Gray divorce and its impact on finances

Studies are showing that California residents and others around the country are living longer. This longevity affects various aspects of people's lives, including health, finances and relationships. While many people over the age of 50 are taking better care of their bodies and eliminating debt, a record number in that demographic category are considering divorce.

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