California business owners often do not consider the potential for divorce when they decide to marry. Still, the presence of a business means that entrepreneurs may need to consider additional protections before or after they tie the knot. Many equity investors may even insist on protections that could safeguard the business from being divided or destroyed in case of the end of a marriage. In many cases, both spouses are deeply involved in a business' success or failure. Making an agreement does not need to mean that one spouse is deprived of the value they deserve, but simply creates a framework for fair distribution.
Married California couples may not want to think about the necessity of planning for a divorce, but it might be something to consider. According to statistics, the rate of divorce in the United States is at almost 50 percent. This means that nearly 2 million divorces occur each year. Being prepared for a divorce means understanding the divorce process and planning for what comes before, during and after a divorce.
Preparing for college costs can be a daunting task for any parents in California. This process can be even more complicated for divorced parents. It's estimated that two-thirds of married couples have no financial plan in place in case of divorce or death of a spouse. Even though divorce can strain finances, there are some ways parents may be able reduce the impact of a split on their child's education.
When drafting parenting schedules, many divorced parents in California tend to focus too much on their own time instead of discussing the developmental needs of their children. However, effective co-parenting requires more than just cooperation. Experts say it should also take into account how children react to the separation as they grow up. An effective parenting plan establishes child custody and visitation provisions in accordance with research on developmental traits.