You and your spouse agreed that a divorce is the right option after you found out that he had been cheating on you. It was a difficult situation, but you knew that it would be better for everyone if you and he divorced.
You and your spouse have been together for around 10 years. You've gone though a lot of ups and downs, but you thought that you were stronger together.
You've been struggling with the idea of getting a divorce from your spouse. They haven't been around as much as you'd like, and you're getting tired of waiting for them to spend time with you. You know that life is busy, but even when you make your best effort to be there, you don't feel they're doing the same for you.
California is a community property state. What that means is that the court expects both parties to leave the marriage with half of their marital assets (or half the value of those assets). The idea behind community property laws is that those who are married should be sharing their marital assets if they divorce. No person should be above the other, and splitting the assets collected during marriage keeps things fair.
Some spouses in California decide to divorce amicably and can move quickly to a new style of relationship. However, this is often more difficult when complex issues like infidelity, addiction or breaches of financial trust are involved in the end of the marriage. A spouse may justly feel wronged by the other party, and they might want to take action to expose or punish the other party's misconduct. However, wronged spouses should think twice before taking revenge that could affect their case in the courtroom.
In a California divorce, a decision that must be made is whether to settle the case through negotiation or to move forward with a trial. The circumstances will frequently dictate which is the preferable option. Understanding various aspects of each is beneficial.
According to the American Sociological Association, women initiate roughly 70% of all divorces in California and throughout the United States. One of the key reasons why a woman would want a divorce is the feeling that marriage is holding her back. Despite the fact that they make up a majority of the workforce, most women haven't seen any change in their responsibilities at home as they take on more work outside the home.
As some California couples begin the divorce process, retirement accounts, including IRAs, will be on the table for negotiations. Unlike other retirement accounts, which need a QDRO for their division, IRAs are divided based on the negotiations that lead to the divorce agreements.
While California residents may experience financial and emotional consequences after a divorce, it is possible to recover from them. According to a survey from Fidelity Investments, it takes about five years for most people to feel as if they have recovered both emotionally and financially from the end of a marriage. Those who played a role overseeing a household's finances said it was easier to recover from the financial fallout of a divorce.
Couples in California may be more likely to file for divorce in January than at any other time of year. Many attorneys say that there is a surge in divorce filings just after the holidays.