Research suggests that more and more California couples are signing prenuptial agreements before marriage. Once thought to be the exclusive province of celebrities and the ultra-rich, prenups have become an option for couples of various means, especially as more people marry after establishing their careers. According to a recent study by the American Association of Matrimonial Lawyers, younger people are particularly likely to consider a prenup before tying the knot. Of the lawyers surveyed, around 62% said they have seen an increasing number of clients wanting a prenuptial agreement in recent years.
Going through a divorce can be a messy process financially. The parties are forced to navigate through the state law labyrinth, choosing beneficiaries and divvying up their assets; it can be complicated and expensive to untangle the couple's finances. The average cost of a divorce in California is the highest in the country, according to a study conducted by Nolo Research, but there are some things a person can do to keep the costs down.
Determining the value of certain property can be complicated. You may not have thought much about having to valuate certain items unless you intended to sell them, but now that you are getting a divorce, you may need to know these values as part of the property division process.
When a California couple with children begins experiencing marital difficulties, there is typically a great deal of thought about what's best for the family. If the conclusion is that divorce makes the most sense for all under the circumstances, it is natural for both parents to focus on the legal issues such as community property, separate property, property division and spousal support. Of course, the issues of child custody and support are at the forefront; although the settlement of these issues is part of the divorce process, the welfare of the kids as they transition from one family home to two separate residences is of the utmost importance.