If you are contemplating getting a divorce from your husband or wife, you may be wondering how a divorce would affect your finances. Since a married couples' finances are usually combined, the process of divorce would effectively take all marital property and divide it between the spouses. This process is called property division and it can seem a daunting proposition. However, property division is necessary and is a big part of the transition from 'we' to 'me'.
Making the decision to divorce can be challenging. Once you have made that difficult decision, you may not know what to expect. There are many divorce negotiations to resolve including property division, spousal support, child support and child custody concerns. The divorce process can be complicated, but if you know how it works, it may help you to be potentially less anxious about the process. The process can be different each time but a general idea of what to expect can be useful.
When it comes to fortunes in the millions of dollars, it can be mind-boggling. But for one California couple married over 30 years, their net worth is counted in billions. Pimco founder and his wife have filed for divorce, citing irreconcilable differences. The couple has notably made many generous donations to a variety of worthy causes over the years.
The divorce process can potentially have a negative impact on the finances of the divorcing spouses which is why it is important to understand how the property division process works. Property division is an important component of any divorce process which is why it is important for spouses to protect their interests whether divorcing in the Pleasanton area or otherwise. It is also helpful to note that California is a community property state and that assets are divided in half during divorce.
It's a common syndrome striking those about to divorce. The symptoms are common - and often develop right around the time the divorce petition is filed. They may include:
Spousal support may be the most important aspect of many divorces, however, it can also be one of the most difficult and contentious parts of a divorce. There may be a tension between one spouse not wanting to provide long-term or permanent spousal support and the other spouse believing they should receive the most support for as long as possible. The interests of the spouses must be balanced to reach a fair solution.
When a couple divorces, one of the spouses may be ordered to provide monthly support, known as spousal support, to the other. Spousal support can be a significant concern for a divorcing couple. There are a variety of considerations the court may evaluate when determining whether or not to grant spousal support, how long to grant it and, if granted, how much to grant.
The issue of spousal support can be one of the most challenging issues in any divorce. It is an obligation that can continue for a period of time or permanently as one spouse continues to pay an ex-spouse. Because of the negative feelings sometimes associated with spousal support, it can become a contentious issue and lead to disputes. There are a number of things to know about spousal support or partner support which may make it a less challenging issue. What do you need to know about alimony during your divorce?
Same-sex couples and opposite-sex couples may consider a domestic partnership as an alternative to traditional marriage. Domestic partnerships can be dissolved through a dissolution process that has some similarities to a traditional divorce but can have its own challenges. As a result, it is important for domestic partners seeking to dissolve their domestic partnership to understand the dissolution process.
If you own a business, and you are getting divorced, you may have a variety of concerns and questions related to how your divorce may impact your business. It is important to have as many answers to those questions as possible as you begin the divorce and property division process and begin to assess the value of business assets.