For the better part of the last century, mothers in California and the rest of the country were more likely to be favored when there was a need to make custody decisions. Mothers still generally enjoy more rights with their children after a divorce than fathers, but the prevailing trend in the 21st century is toward shared parenting or joint custody whenever possible.
Many high-net-worth individuals in California and around the country have taken an interest in cryptocurrencies in recent years due to their surging values and the ease with which they can be transferred overseas. Alternative currencies like Bitcoin are also an increasingly thorny issue in divorce cases. This is because cryptocurrencies have become a popular way for divorcing spouses to hide their assets, and placing a value on these highly volatile holdings can be challenging even when they have not been concealed.
California parents who are divorced or separated may want to take advantage of the tax benefits that come with claiming their children as dependents on tax returns. However, they should be aware that if multiple taxpayers claim the same individual as a dependent, complications are likely to arise.
If one or both people who are getting married in California own a business, there are steps that can be taken to protect that business in case of divorce. One approach is a prenuptial agreement. If the couple is already married, they can create a postnup. This agreement might establish the company as a separate asset that will not be part of the process of property division in divorce. The agreement could specify whether the spouse will receive a part of the value of the business and how that value will be calculated. If the two are co-owners, they might want to continue running the business after a divorce or one may sell to the other.
California residents understand how challenging divorce can be. There is a reason why divorce is often described using metaphors of war: negotiations, conflicts, battles, winners, losers, collateral damage, etc. There is an added volatility to divorce because the two individuals who are now at odds with each other were once in love to the point of getting married, joining their finances and even having children.
Married couples in California and elsewhere around the world have to work hard in order to make their relationships work, and, fortunately, they have been more successful over the past few years as divorce rates have been declining. Nevertheless, some couples still decide to break their vows and end a union that was supposed to last a lifetime. Ergo, these same couples might have benefited greatly from learning about the top reasons that lead to divorce as well as what they could have done about them.
A woman in California who gets a divorce may be at a higher risk for cancer than a man in the same situation. A study that appeared in "The Journal of Health and Social Behavior" in 2005 reported that a wife's illness raises the divorce risk while a husband's illness does not.
California residents may have heard that Amazon founder Jeff Bezos and his wife are divorcing after 25 years of marriage. It is believed that the couple had a joint net worth of about $136 billion. One of the issues that will need to be resolved during their divorce is to determine how to divide the wealth. As a general rule, divorces involving wealthy people tend to be more complicated because of the assets that they hold.
California residents who go through a divorce could experience a wide range of emotions. However, it is important to keep those feelings in check when it comes time to negotiate a settlement. Otherwise, an individual could face criminal charges, an unfavorable parenting plan or undesirable financial terms. Generally speaking, it is wise to consult with a lawyer before attempting to negotiate a deal. It can also be in a person's best interest to review a settlement with an attorney prior to signing it.
As many California couples know, finances can negatively impact relationships, even leading to divorce. However, if couples can work on how they handle their finances, they may make their relationships better in the process.