Many spouses who are separating in California will say that the divorce process can be emotional. Unfortunately, high stress and anger can lead to poor decision making. At the time of dividing assets and liabilities, it is important to reign in emotions and consider financial issues rationally and intelligently.
High-asset divorce? You can still negotiate
As a couple with a high net worth, you may worry that your divorce will take a long time and that it will come at a great cost to each of you. You could be right, especially if you aren't able to agree on how to divide your assets.
Second marriages and prenups
California couples who get married in their 20s or 30s may believe that completing a prenuptial agreement is unnecessary. After all, many younger people do not have substantial assets. However, for older people who decide to get remarried, securing a prenuptial agreement can be a wise choice.
How divorce may affect a child's college fund
Many California parents start saving for their children's college tuition years in advance. They realize that the earlier they start, the more time they will have to space out the money they are saving for a quality education. However, if parents get divorced and do not plan in advance, they may find themselves squandering the money that they set aside.
Study finds infidelity, lack of commitment contribute to divorce
Lack of commitment could be a significant factor for couples in California who get a divorce. In a study conducted by the National Center for Biotechnology Information, 75 percent of respondents cited it as one thing that contributed to their divorce. It was followed by infidelity, which was identified as a factor by more than half of respondents.
Yes, your property is split 50-50 in short-term marriages, too
As a young couple going through a divorce, you may have a relatively simple divorce on your hands. You have few assets, and you don't have children. This makes your official split much easier.
