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Posts tagged "Divorce"

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.

Divorce more likely when wives fall ill

When women in California fall ill, they may be much more likely than their male counterparts to divorce after their sickness. A number of studies show that despite the oft-quoted marital vow to remain together "in sickness and in health," severe illness can have a serious effect on marital longevity. Equally concerning, however, is the fact that this increased risk of divorce only applies when the female partner in an opposite-sex relationship becomes ill.

Getting a fresh post-divorce start with a new financial team

Some California spouses are perfectly happy to let their life partner handle all things financial during the course of their marriage. While there's nothing wrong with this arrangement, it could become a problem when a dependent spouse becomes a newly single individual with unique financial needs. Those needs may not be met if existing financial experts normally dealt with marital assets from the point of view of the other spouse.

Men marrying "out of their league" may have higher divorce risk

According to online dating data, both men and women have a tendency to seek out potential mates who are about 25 more attractive than they are. Even so, research suggests most people have realistic expectations when it comes to the type of partners they can expect to attract, so they generally maintain relationships with similar matches. For men in California who want to marry "out of their league," the long-term outlook may not be so good.

Dealing with divorce and the family home

For many divorcing couples in California, the family home may be one of the most materially valuable and emotionally resonant assets being addressed in divorce negotiations. Unlike bank accounts or retirement funds, there's no simple way to divide a home in two. This is one reason why couples decide to sell the home and each start fresh in a new place. If the couple sells the home during the divorce, they can pay off the remaining mortgage with the proceeds before dividing the excess between both parties. In some cases, especially when children are involved, one spouse may want to remain in the home to ease the post-divorce transition for the kids.

The relationship between debt and divorce

Getting out of debt could be the reason a marriage in California survives. Financial stress often plays a role in marital stress for many different reasons. In some cases, it's because individuals aren't sure how they will pay the debt off or fully understand the details of their outstanding balances. There are times when couples choose to get into debt in an effort to maintain their marriages.

What divorced parents can do to help children during holidays

The holidays can be a tough time for divorced and separated families. Anger, fear, sadness and betrayal are among the emotions that both children and adults might contend with, but parents need to set these emotions aside to focus on their children. It is important to try to make sure that children still enjoy their holidays even though it may be hard for the parents.

How parents may protect their children during a divorce

When parents in California go through a divorce, there might be reasons that one parent is concerned that the child is unsafe with the other parent. In one case, one father was worried that the child's other parent would drink and drive with their 7-year-old son in the car. She had moved away with the child and cut off contact. The father was also concerned because she had not been the child's main caregiver during their relationship.

Avoiding common tax and other financial errors in divorce

For some people in California, the challenges of divorce can include making some common financial mistakes, but awareness of those errors may help people avoid them. Many mistakes happen because people do not have a financial plan in place. They can create one of these with the help of a professional.

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