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November 2017 Archives

Valuation and planning essential for divorcing business owners

In a community property state such as California, a spouse could have a legal right to half of the other spouse's business in a divorce. The terms of the split could be negotiated or even guided by the terms of the agreements that established the business. However, the divorce would likely involve the sale of the business or some type of buyout. This process begins with a thorough valuation of the business.

Financial steps to take in a divorce

People in California who are getting a divorce might need to take a number of steps to protect themselves financially. First, a person may want to talk to an attorney about the financial aspect of the divorce even if a decision has not yet been made. The person might also want to pull and review credit reports.

Taxes, child support and dependency exemptions

Imagine you're paying $1,000 monthly in child support payments. The payments represent a significant financial burden, and -- considering you're paying for the majority of your children's expenses with this money -- you want to know if you can claim your children as dependents on your income taxes.

Family violence may continue after divorce

A recent study found significant differences in how parents in California and across the nation raise their children after ending violent marriages. According to the research published in the Journal of Family Psychology, parents who were victims of coercive controlling violence were less able to successfully co-parent their children in the first year after the divorce than those who experienced situational violence.

Factors that may contribute to a California divorce

According to the Centers for Disease Control and Prevention, 22 percent of married couples will experience some sort of disruption to their marriage in the first five years. Furthermore, 53 percent will have experienced a disruption within 20 years of getting married. There are a few reasons why this is so.

Studies identify factors that increase the likelihood of divorce

Couples in San Jose may be more likely to divorce based on a number of factors identified by various studies. For example, marriages are more likely to remain stable if they begin when people are in their late 20s. People who marry in their teens or after the age of 32 are more likely to divorce.

Navigating child custody issues in divorces

When California couples who share children decide to get divorced, it is important for them to realize that the decisions that they make during their divorces may impact their day-to-day lives for years to come. It is important for parents to take care when they are negotiating their child custody and visitation plans so that they work well for all who are involved.

What are the goals of your mediation process?

Mediation is the process of arriving at an agreement as peacefully, quickly, cost-effectively and diplomatically as possible. Mediation is particularly useful for individuals who want to bring their divorces to conclusion without the costs and stresses associated with court proceedings.

When divorce is the right choice

Some statistics show that approximately 50 percent of marriages end in a divorce. California couples who are unhappy with their relationships may be interested to know about which conditions indicate that getting a divorce may be a wise choice.

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