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Posts tagged "Divorce"

Some spouses have little input in financial matters

California residents who are getting a divorce and have had little experience managing the marital finances might have to learn about these matters for the first time. A study by UBS Global Wealth Management found it is not unusual for women to leave financial and investing decisions to their husbands. With the divorce rate for older couples doubling since the 1990s, this means that some people could be headed into retirement with little financial experience.

Asset division is easier with planning

California couples wanting to protect their finances during divorce might want to consider taking steps to limit fiscal damage prior to filing court papers. Keeping a sense of awareness and maintaining essential records can go a long way toward getting a fair monetary settlement for spouses who may consider themselves at an economic disadvantage during a marital break-up.

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.

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.

Behaviors that lead to divorce

Couples living in California may experience marital problems from time to time. While this is not unusual, long-standing attitudes and patterns of behavior can eventually take their toll on a marriage. If these actions and attitudes are not addressed, a couple may subsequently divorce.

Tips for managing finances after divorce

Some people in California may find that divorce introduces a number of financial challenges. In addition to having their assets and income cut in half or less, some people may find themselves responsible for their ex-spouse's legal bills or other expenses. Therefore, it is important for people to have a plan for getting their financial lives in order after a divorce.

Negotiating a divorce settlement

When a California couple decides to divorce, they do not necessarily have to turn to litigation to get a decision on property division or child custody. They may be able to negotiate these issues themselves. However, careful preparation can help them make better decisions during this process.

Divorce and its effect on a credit rating

Some former spouses in California may find that divorce can impact credit scores. There are many different ways this can happen. For example, if one spouse buys out the other's stake in the family home, they may need to refinance. This can leave a person with a great deal of debt.

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