A partner hiding assets in a marriage is something that has occurred as long as there have been marriages. Concealing assets is a sign of betrayal. In some cases, it can be a sign of marital infidelity. Tax returns can provide the key to determine if a spouse in California has not been honest.
Divorce has a significant impact on finances. Court fees, legal bills and new expenses from living separately all add up. While maintaining a strict budget is helpful, it may not be enough. You may have taken up a second job in order to stay afloat. Soon you may find yourself in so much debt after a divorce that you are considering bankruptcy.
Households in California with high credit card debt are part of a trend across the country. Many Americans are charging their way to high debt, and carrying balances from month to month. Statistics show an average individual credit card debt of more than $5,000 in 2019. Paying the bill in full each month eliminates interest charges, but less than half of the country's credit card users are doing that routinely.
When marriages break down and end in divorce, it's common for the split to be adversarial. Many California divorces are framed as a debate between who 'won" and 'lost" the division of property. But when a divorce devolves into a battle, more often than not both sides lose. However, it is possible to prevent a divorce turning into a war by working together. Here are a few tips that can help.
Older married residents of California may be interested to learn that 25 percent of the people in the United States who get a divorce are at least 50 years old. This is as the rates of divorce for other age groups have either become constant or have dropped.