Being financially secure during retirement is a major concern for many women who get divorced. According to the results of a 2008 study, women divorcees are hit with a sustained drop in income of over 20 percent on average while their ex-husbands are likely to...
Gumm & Green, LLP, Attorneys at Law
Will relocation with the other parent be good for your son?
Let us say that you and your former spouse have been divorced for three years and have had few problems with respect to the visitation schedule set up for spending time with your son. Now your ex, the custodial parent, seeks to relocate and wants to modify the...
Preparing for property division in a divorce
When couples decide to get a divorce in California, they may be particularly concerned about the financial implications. Many spouses recognize that the financial repercussions of a separation can be longer lasting than the emotional and practical changes. In order to...
Property division in a gray divorce
In California and across the country, the number of American adults over the age of 50 who decide to divorce is on the rise. Since the 1990s, the divorce rate for people in this demographic category has doubled while the rate has remained flat or even declined for...
Divorce and retirement
One of the casualties of divorce is often retirement assets. However, California spouses who get divorced and have to give up a significant amount of their retirement assets may be able to rebuild those assets so that their retirement plans can remain in place. Many...
Student loan stress can contribute to divorce
While many people recognize the burden that student loan debt can place on millennials' financial lives, the burden that it can place on their relationships and marriages may be less well-known. Student debt can have a significant impact on people's plans for the...
How child support and alimony is treated in bankruptcy
California residents and others who owe child support or alimony cannot use either Chapter 7 or Chapter 13 bankruptcy to get rid of it. However, Chapter 13 bankruptcy may allow a person to pay the debt over 60 months. A bankruptcy court may also analyze a divorce...
Changing a California spousal support order
If you are divorced, living in California and are either paying or receiving spousal support, your situation may change at some point, which may lead you to wonder about changing your existing spousal support order. Maybe you were paying a certain amount in support,...
More young people are choosing prenuptial agreements
Prenuptial agreements have risen in popularity in California and across the country for people of all ages. However, a particular increase has been evident among the millennial generation. People between the ages of 18 and 34 are more likely to seek a prenup before...
Damages for distress may be available in willful violation cases
At least four of the U.S. Circuit Courts of Appeals, including the 9th Circuit that includes California, have ruled that damages for emotional distress may be warranted in cases of a willful violation of a bankruptcy's automatic stay. The purpose of the automatic stay...
