Getting divorced in California can seem complicated, especially when it comes to discussing property division. Many couples worry about how their finances will be affected after the divorce, and one of the most common battles spouses go through during divorce involves money.
Since yesterday was Tax Day, we think it's important to discuss the tax implications of divorce for couples in California. Couples getting divorced should be aware of how their taxes may change and the impact it may have on their finances.
The decision to file for divorce is a highly personal decision. One of the many difficulties that some people in California may experience is the fear of the unknown. While some people considering divorce may have been through the process in a prior marriage, the individual circumstances of the present may raise new issues to face in a divorce. For someone who has never been through divorce, how to proceed may seem murky.
Dividing assets and debts during a divorce can be daunting for people in the East Bay area. California residents who divorce are generally entitled to an equitable distribution of marital property. If a couple owns a pair of late-model cars that are not encumbered by loans, determining an equitable distribution of the property may not seem daunting on the surface, but arriving at an equitable agreement may take some negotiation.