After the end of a marriage, one of the most complex issues both parties need to resolve is property division. California is a community property state, meaning all marital assets are divided between spouses in equal proportions. The same rule of community property applies when one spouse owns a business; that business is also subject to equal division at the time of divorce. In fact, it is a managing spouse's duty to disclose all matters pertaining to the business to his or her spouse.
Most Californians are loosely familiar with the legal issues involved at the end of a marriage. Some have experienced them firsthand, and others have seen friends or family members experience the range of emotions that comes with the end of this most intimate relationship. However, before divorce papers are filed and a couple is forced to deal with issues such as child custody, spousal support and asset and property division, they might want to look more closely at what the process entails.
Every divorce case in California is unique. Although divorcing couples may deal with child custody, property division, child support and many other issues, no divorce case is entirely the same as another. Individuals going through divorce are prone to making mistakes, which could lead to consequences post-divorce. However, there are ways that divorcing spouses can make the process go smoothly.
For many Californians, meeting someone, falling in love, having children and spending their life with that one person offers the ideal life. In reality, not everyone is able to achieve this. Marriages fail for a variety of reasons, and too often people are left with the emotional and sometimes financial wreckage that is divorce.
Most people think they know all about divorce, both the legal process and its long-term effects. They may be somewhat familiar with the broad outlines of this family law issue, especially if they are not among the 50 percent of married Americans who have undergone divorce. However, they are less likely to understand and appreciate the highly emotional nature of divorce, particularly when children are involved.
Many Orange County, California, residents celebrate or throw a party when something good happens in their life, ranging from a long-awaited promotion to a baby shower to a wedding. Is a divorce something to celebrate? The answer might be yes after a recent report stated that divorce parties are becoming a trend. For most people in Orange County, the end of a marriage can be the most difficult time in their lives.
The end of a marriage is a life-changing event. In the United States, roughly half of all marriages end in divorce, which is why so many people, including Californians, are familiar with the legal process. When people talk about divorce, they often refer to the legal process as a battlefield where two individuals argue over child-custody arrangements, property division and spousal support. Emotions run high during divorce, which makes it difficult to settle cases as quickly as possible.
The year 2013 resulted in numerous celebrity divorces, family law disputes and other issues. Last year was also the year for a survey about why Americans, including those in Orange County, California, are filing for divorce and the other factors connected with divorce legal issues.
The financial decisions made during a divorce are among the most important that two spouses can ever make as they go their separate ways. These decisions will run through every aspect of the divorce, including child support, alimony and property division. For this reason, many Californians who face the end of a marriage are concerned about the fate of their assets. One common issue - debt - is something that both spouses need to address.
The end of a marriage is frequently an emotional time. Many Californians who have gone through a divorce know this firsthand. Alongside the anger, frustration, relief and other emotions comes something most of us would rather not think about, taxes.