Prenuptial agreements were once mainly thought of as being necessary for the rich and famous. However, many matrimonial experts recommend them for many of their clients in California or elsewhere around the nation, regardless of their jobs or income levels. Should a couple get a divorce in the future, a prenup is an invaluable tool in the proceedings.
Technological advances have afforded many conveniences to California residents and others around the country. There are apps available to download that are designed to make life a little easier in a variety of ways. The recent introduction of a new app will hopefully provide assistance to separated or divorced couples as they navigate child custody issues.
Many factors come into play when a California couple or others around the country decide to end a marriage. For whatever the reasons that lead to a divorce, couples of all ages routinely decide to call it quits. Researchers have long tried to analyze divorce trends among the different generations. Is there one age group that has a higher divorce rate than the others?
Traditionally, when a couple with children got a divorce in California or elsewhere around the country, some type of joint visitation arrangement was established between the mother and father. However, these child custody arrangements usually leaned heavily in the mother's favor. Fathers were often left to see their children only every other weekend and holiday, and perhaps one additional day during the week. Recently, many states have either passed or are considering legislation that promotes a shared parenting approach.
There has been a significant increase in the number of couples over age 50 who have decided to end their marriages. The phenomenon is so prevalent in California and other parts of the country that it has been referred to as "gray divorce." While going through a divorce can be fraught with issues at any age, older couples do need to exhibit caution and thoroughness as they navigate the subject of retirement finances.
The decisions that parents make can have life-long effects on their children. As a parent, you certainly want to do your best to ensure that those influences are positive rather than negative, but you also cannot avoid every potential scenario that could leave your children feeling down. When it comes to divorce, the choice to end the marriage may be the best for everyone involved, but you will likely still worry when it comes time to make child custody decisions.
Social Security benefits have long been on the horizon for many California residents and others throughout the nation. Once someone reaches a given retirement age, he or she is eligible to receive some level of benefits. This is also true for those couples that have gone through a divorce. Representatives from a personal financial website recently discussed how to avoid potential problems when dealing with Social Security following a divorce.
When a California couple gets a divorce, discussions begin early about how to divide their assets and belongings. Typically, discussions regarding property division center on the family home, bank accounts and child custody. While it may not initially come to mind, a couple's retirement funds are often one of the largest assets they have. Experts agree that careful decisions must be made regarding these assets to avoid potential taxes or penalties.
Prenuptial agreements are often considered necessary for only the wealthy or famous. Yet, many experts tout their usefulness for most California couples or any couple around the country. Agreements such as prenups can be very helpful in divorce proceedings when property division issues are being addressed.
In a marriage, there are often clearly defined roles regarding the handling of finances. One spouse is typically responsible for financial matters, while the other may be either somewhat engaged in the decisions or completely unaware of what is going on. When a divorce occurs, California couples and others around the nation are thrust into situations where finances must be handled separately. While this may not be a concern to the spouse who had been dealing with the family budget all along, it can be a rude awakening for those who have never been engaged with finances before. No matter where a person falls on the financial spectrum, it is important to be proactive about how a divorce will affect an individual's money situation.
When navigating divorce, California parents know that one of the most complex aspects of the process will be any issue related to child custody. It is natural to have concerns over what will happen to your child, and parents often feel out of control over what will happen to their relationship with their children.