A divorce requires California parents to decide who gets to claim the children as dependents on federal tax returns. Claiming children could produce significant tax savings via the Dependent Care Credit and Child Tax Credit. A custody, divorce or separation agreement can specify who gets the privilege of claiming the dependents. In the absence of such an agreement, then IRS rules determine who can claim children on a tax return.
Parents in California and other parts of the country are understandably concerned about the possible dangers and risks associated with texting and social media use. However, there's a new study that suggests texting and social media can help keep parents and children stay connected when a marriage comes to an end. Interestingly, it didn't seem to matter how well former spouses got along with one another.
When divorcing in California, a couple’s community property is typically divided so that both spouses end up with roughly the same value in assets and debts. However, sometimes one spouse will hide assets to prevent those assets from being divided in the divorce.