Business owners in California may want to consider a prenuptial agreement to protect their company. A prenup can establish the value of the business at the time of the marriage to help ensure that only value gained during the marriage is subject to division in case of a divorce.
It's not uncommon today for older California couples to end a marriage. The divorce rate for Americans 50 and over has doubled since 1990. Amazon founder Jeff Bezos, who is over 50, came through his divorce relatively unscathed financially. Other individuals, however, may not be so lucky, regardless of what kind of assets are involved.
If you struggle with debt, you may not know where to turn. Sometimes, budgeting and negotiating with your creditors does not work out. As your bills pile up and your credit score tanks, you may need to think about declaring bankruptcy. Bankruptcy is an effective debt-relief method for many consumers like you who face overwhelming debt.
Parents in California who get a divorce should make every effort to make the process as easy on their children as they can. It is also important that they take action to protect their children after the divorce is finalized.
Parents in California who decide to go their separate ways may be apprehensive about what raising children with an ex will be like and if it will work. However, a successful co-parenting relationship can yield beneficial results for all parties involved.
When California couples get divorced, they will still have to deal with each other occasionally if they have children, especially if their kids are younger or still in school. Even if parents are able to agree on how to share their time with the children, dealing with the financial costs of raising the children can be more difficult. However, there are ways parents can reduce the financial stress.