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March 2018 Archives

Collecting child support

Parents in California may be interested in knowing that almost $33 billion in child support was collected in the 2016 federal fiscal year, according to the federal Office of Child Support Enforcement. Seventy-five percent of the funds collected was obtained by being withheld from people's income. The OCSE is making certain recommendations to ensure that the system for collecting child support remains effective.

Divorce mediation protects a family’s rights and privacy

Couples who choose to divorce often worry about keeping the matter calm and civil, but also private. While a divorce may remain responsible and civil if a couple chooses, it is not always possible to keep the matter private, especially once it enters a courtroom.

Child custody cases may hinge on stability

For many parents in California who decide to divorce or end their relationship, dealing with child custody issues can be the most challenging aspect of the process. Both parents want to remain connected to their children and often seek a significant amount of time with their kids. In some cases, parents can work together to agree to joint custody and a shared schedule that reflects the best interests of the children as well as the desires of each parent.

Dividing 401(k) plans in divorce requires accuracy

When California couples reach the end of their marriages, dealing with the financial fallout can be some of the most complex and contentious concerns that come with the divorce. In many cases, one or both parties in the divorce may have significant retirement funds, which are frequently some of the largest and most important assets at stake, especially given the importance of these accounts for both spouses' financial futures and security.

Will you need to split your pension with a stay-at-home spouse?

When you start considering divorce, you're usually most concerned about issues related to the division of your marital assets and the custody arrangements for your children, if you have any. One asset that many couples focus on while divorcing is the marital home. That makes sense, since the house is often the biggest investment of your adult life.

Early planning saves divorce headaches

California couples headed for the altar may think divorce planning is bad luck, but putting structures in place to protect finances in the event of a marital breakup can also protect them in other ways. Between added protections to protect against unexpected contingencies and the simple truth that a large percentage of marriages end in divorce, it pays to plan for the worst while working toward the best in romance.

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