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Posts tagged "divorce"

Causes and potential effects of a grey divorce

Though recent statistics suggest that overall divorce rates are falling, that doesn't seem to be the case for people aged 50 and older. This is an experience often called "grey divorce" by researchers and the media. Residents here in California who haven't encountered this term may wonder about the reasons for grey divorce and what the possible consequences could be, and experts have several answers. There are innumerable reasons for anyone to get a divorce, but there are several circumstances that can lead to a grey divorce.

Actor Tom Arnold and wife set to divorce

The ending of a marriage is often an unhappy event for everyone involved. However, there are times when two people feel compelled to move on without any angry feelings towards one another. Those in California may be interested in what actor Tom Arnold had to say regarding to his and his wife's recent decision to divorce. He claims that the two have simply grown apart.

Mistakes that can cost money in a divorce

When people choose to end their marriages, it is probably not a decision they come to lightly. Most people give it serious thought after considering how it will affect them from an emotional standpoint. However, some neglect to consider the potential financial consequences of divorce. Anyone here in California considering a divorce may wish to heed the advise of one professional who says that there are five mistakes that people frequently make in divorce proceedings that can have a significant financial impact.

Tips for how to handle finances before and during a divorce

Earlier this month, this blog discussed the impending divorce of Jeff Bezos, Amazon CEO and founder. He and his wife apparently had no prenuptial agreement, and their divorce is subject to the community property laws in their home state. California is also a community property state when it comes to divorce proceedings. While Bezos is said to be among the world's wealthiest, there are several lessons regarding these family law concerns that individuals with more modest income can still learn.

Divorcing billionaire Jeff Bezos had no prenuptial agreement

When California couples decide to marry, they typically go into their marriage with optimism. However, failure to plan for a future in which the marriage may not work out can be very costly for those who have high assets. Prenuptial agreements may seem cynical, but they may be necessary to protect an individual's assets. Amazon founder and CEO, Jeff Bezos, may be facing this exact quandary after he and his wife announced their divorce, and apparently they have no prenuptial agreement in place.

Don't leave complex property division up to chance

Dividing assets during divorce can be stressful for the average California couple. Throw in complicated property, however, and the process can feel completely overwhelming. If you know that you will need to deal with complex property division, getting help now rather than later can usually lead to better results. 

New tax law to affect those getting a divorce

As 2018 winds down, some residents of California and other parts of the country are anticipating how part of the Tax Cuts and Jobs Act will affect them in the new year. For those couples who are planning to divorce in 2019, there is a new law taking effect on Jan. 1 that changes the way alimony is handled for tax purposes. Some matrimonial experts  believe these changes will make divorce deliberations more complicated.

Divorce rate higher for California couples with stepchildren

Becoming a stepparent is normally not easy, at least not at first. There are a lot of adjustments to make. Families in California these days can consist of his and hers or hers and hers or his and his, and according to statistics, couples with stepchildren are more likely to walk the divorce path yet again. But there are ways to avoid becoming another statistic.

Patridge, Bohan agree to use mediation to get through divorce

It may be because celebrities are in the public eye, but often their marital splits seem to be pretty brutal. Such seems to be the case in the divorce of television personalities Audrina Patridge and Corey Bohan. Patridge, 33, a California resident, and Australian-born Bohan, 36, have at least agreed to move forward with mediation in their thus far messy divorce.

Important issues to consider in gray divorce

Any time a couple from California or other parts of the country decide to end a marriage, there are always many issues to discuss. Certainly, these issues are more complicated when the couple has been married for many years. Research shows that the divorce rate for couples over the age of 50 has essentially doubled in the past two decades. With so many couples facing a so-called gray divorce, experts have identified some of the most common questions they must address.

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