As many California residents might know, a divorce typically provides life-changing implications for a couple. Two people who were once living in close proximity are now separated with lasting, sometimes, detrimental, effects to each partner's financial situation. For instance, if a divorce involves children, then issues involving child support and visitation must be settled. Alimony or spousal support is also another financial issue to be decided with a deeper impact if this financial determination involves a high-profile couple with high marital assets.
As many Californians know, Facebook recently went public. This event created 850 new millionaires. A few experts speculate that such an occurrence will also bring a surge of divorces. According to one source, this occurred shortly after Google and Cisco went public. What is important to consider is that with a new surge in wealth comes more issues of property division including the division of assets, retirement accounts, artwork and bank accounts.