When you are the owner of a business in California, it is only natural to want to protect your assets. Your business is a result of your hard work over many years, and many divorcing business owners worry that their hard earned assets will be compromised in the event of a divorce.It is important not to be complacent regarding such issues, and anyone with high assets should be extremely mindful of the financial consequences before filing for a divorce. If you plan ahead, many asset division obstacles can be avoided, and parts of the law can be used to your advantage.
As a soon-to-be parent, one of the things you never thought you'd hear yourself say is that you want to get a divorce. After you said the words and thought about the implications for yourself and your child, you grieved over the situation. But at the end of the day, you still believe it's the right decision.
There is no question about the emotional distress a divorce can cause. You're losing someone whom you believed you would be with for many years, if not a lifetime. Unfortunately, the reality is that the situation calls for you to separate.
You never thought you'd be someone who would go through a divorce. You loved your spouse when you got married, and in some ways, you still do. The reality just is that you can't be with your spouse and that your marriage isn't working.
California is a special state, because it, among few others, recognizes community property. While most states now understand that equitably splitting assets is a good way to do things, California relies on a method similar to that used in Mexico and other nations south of our border. Community property states split assets 50-50 instead of splitting them equitably.
You never wanted to get a divorce while your child was still under your roof, but obstacles in your marriage have become too much. You and your spouse agree that it's time to get a divorce, but you aren't sure how to handle custody. Your spouse wants to take a job a few hundred miles away, so visiting is possible regardless of who obtains custody, even though it's a few hours to the new city.
While children often have no real say in a divorce, when your kids reach older ages, they begin to have a lot to say about your relationships and how you handle them. When your children are teens, they begin to have their own opinions and ideas of how their life is and will be. Anything that disrupts those plans can seem devastating.
There's a point in some relationships where at least one person understands that it's no longer working. In some cases, it's possible to save a marriage, but in others, a divorce is the only real option.
There's no question about it: Divorce is stressful. It's emotionally, physically and socially draining in many ways. Fortunately, there are methods to reduce stress during a divorce, so you can get back to your normal life as soon as possible.
When you're in a young relationship, you may start to collect assets. Early in your marriage, it's unlikely that you'll have many high-value assets. You might have a starter home, which costs a fair amount but nothing extreme, televisions, cars and few other major assets.