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June 2018 Archives

Financial planning and divorce

One of the downsides of a divorce is the financial burdens it places on the parties involved. Besides the division of marital assets, the two incomes that previously supported one household must now support two. According to a study by the Center for Retirement Research, divorced parties in California and throughout the nation are roughly 30 percent less wealthy than non-divorced spouses.

How to handle child support payers who refuse to make money

Ideally, parents in California and throughout the country will do what is best for their children. However, some choose to either not report their income or make less than their true earning potential to avoid paying child support. If a person chooses to engage in such activity, it is referred to as voluntary impoverishment. While it can be frustrating for a custodial parent to not get the support that they may be entitled to, there are ways to compel payment.

The effect of new marriages on child support payments

Divorced parents in California sometimes enter new marriages. Although those unions might influence a person's income, the act of getting married again does not necessarily alter existing child support orders. Courts will still look at the earnings of the biological parents when considering the payment amounts. The income of new spouses does not play a role.

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