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.
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.
In California and across the United States, women often experience complex financial issues following divorce. Whether the issue involves community property, separate property, child custody arrangements or spousal support, divorced women seem to face more difficulties than divorced men. An older woman obtaining a "gray divorce" typically experiences more problems than a younger woman. For some women, gray divorce causes financial woes that are difficult to handle.
California residents who decide to get remarried should be aware that there can be financial issues that have to be addressed. This is because people who get remarried tend to have more financial assets than they had the first time they were married. It is also likely that they may have lingering financial complications from a previous marriage. The situation can become even more complex when there are adult children.
As California residents know, the costs of a college education have risen steadily over time. Paying for that education often comes with steep loan amounts that keep rising. What might be surprising to know, however, is the threat that student loans can pose to marriage.
Older married couples in California often depend entirely or partially on Social Security benefits to cover living expenses. Even when one spouse has not worked or qualifies for lower monthly payouts, they may still be able to collect up to half of their spouse's full benefits. The ability to do this doesn't necessarily end after a divorce.
Couples in California who are getting a divorce and who own a home will have to decide how they should handle the home in the divorce. For divorcing spouses who want to purchase the home, there are some factors they should consider first.
It's 2019, and nearly 40% of married women earn more than their husbands do, according to the U.S. Bureau of Labor Statistics. Unfortunately, research shows that this financial situation puts a strain on many heterosexual marriages and pushes some couples in California and elsewhere to file for divorce.
Women who have sacrificed their careers to raise families are often at a disadvantage when they divorce, but they are better protected in states like California that have community property laws. While most states require marital property to be divided equitably, it must be divided equally in states with community property laws. This subtle distinction can be crucial in divorce cases involving stay-at-home moms because what is equitable in these situations is open to interpretation.
Actions such as stonewalling, avoiding conflict or invalidating a partner's feelings can often lead to divorce, according to relationship experts. However, many spouses in California do not realize that they are engaging in these behaviors that could destroy a marriage.