Southern California Family Law Blog

Making divorce easier on the kids

Many ex-spouses in California have difficulty agreeing on issues related to child custody. While most parents want what is best for the children, it can sometimes be difficult to know what is actually best for them. The first question parents considering divorce might ask themselves is whether a divorce itself could be harmful to their kids. One child psychologist says that the answer depends on the state of the marriage and life at home.

Conflict between parents could be more upsetting to a child than a divorce. Ending the marriage could remove the conflict from the child's life and end up being a positive solution in the long run.

How will California handle your debts in a divorce?

When couples divorce, they often spend a lot of time and energy on how they will split up their assets. They often fail to spend an equivalent amount of time on how they want to handle the debt accrued during their marriage. However, that can have as significant of an impact on your financial future as your assets. In some cases, the debts may prove more substantial than the overall marital assets.

Familiarizing yourself with how the California courts handle debt in a divorce can assist you in making a more informed decision about how to handle the property division process.

Divorce can affect credit scores, especially for women

From dividing up marital assets to getting used to new living arrangements, ending a marriage can result in many changes and challenges for California couples. Because of all the issues related to a divorce, some soon-to-be-exes overlook matters related to their credit that could have a long-term effect on their ability to manage their finances.

A change in marital status alone doesn't affect credit scores; this information isn't even included on credit reports. The potential for credit problems is largely dependent on the nature of a divorce and the willingness of both spouses to live up to their debt responsibilities as dictated by a divorce agreement. Unfortunately, creditors are not legally obligated to honor divorce decrees. This could result in one former spouse having credit difficulties if the other one fails to keep up with their share of the payments.

Couples seeking divorce may wish to speak with a lawyer

In Manhattan Beach and across the United States, many couples seek legal counsel from a divorce lawyer. Both spouses may feel conflicting emotions, and long-term marriages are particularly difficult when one of the spouses decides to file for divorce. Major issues like property division cause frustration, especially when numerous assets are involved.

Many couples seek legal counsel from family law attorneys for handling finances after divorce. One problem involves changing bank and investment account titles from joint ownership to individual ownership. A divorcee who changed their last name needs to update all accounts. Joint accounts need to change into accounts owned by one individual. After the monies are split in a fair and amicable way, each person will want to deposit their separate funds in their newly established individual accounts.

About co-parenting

People in California should understand that doing what is necessary to make a co-parenting relationship work requires making sure that the best interests of their children are prioritized. Many parents who get a divorce tend to not realize that while their marriage may have ended, their children's relationship with their other parent has not and that it is important that the other parent remains a part of the children's lives. It is worth noting that there are situations in which it may be necessary to ensure that the children are distanced from a parent, such as when that person is abusive.

Effective co-parenting can also be accomplished by ensuring that the households of both parents have the same rules. In order to avoid conflict between parents, it may be ideal to focus on establishing general expectations rather than enforcing hard rules. All the people who live in each household, including the parents, children and stepparents, should abide by the expectations. This allows the children to enjoy some consistency as they shuttle back and forth between households, and it eliminates any arguments the parents may have about following certain rules.

New California law creates pet custody in divorce

Unless there is a prenuptial agreement in place, among the most complicated matters in any divorce between high-income spouses is what to do with major assets, like a family-owned business, investments and real estate holdings. Some of these items may hold some sentimental value on top of their monetary worth. But for many pet owners, getting to keep their beloved animal companions is perhaps just as important as getting their fair share of the marital property.

Thanks to a new California law, family court judges can now order shared pet custody arrangements that must consider “the care of the pet animal.” This makes California just the third state in the U.S. to adopt pet custody.

Cryptocurrencies Challenge High-Asset Division in Divorce

Going through a divorce leaves high-net-worth spouses with complex asset division issues. In 2009, Bitcoin first announced its existence to the world. It took approximately 10 years before cryptocurrencies like Bitcoin became hot topics for people contemplating divorce proceedings. The problem escalates when applied to high-asset division in divorce. In legal offices all over the globe, lawyers discuss cryptocurrencies as they relate to divorce.

Only a handful of family law lawyers have experience with cryptocurrencies as they relate to high-asset division in divorce. Most attorneys do not have knowledge about how to divide cryptocurrencies. This lack of knowledge could lead to long-drawn-out divorce proceedings because it is difficult to divide the fluctuating cryptocurrency values. Plus, a clever spouse can find ways to hide cryptocurrency holdings. Calling in the expertise of a digital forensics expert may lead to the hiding place. But the tactic produces more expenses.

Making your coparenting relationship stronger

If you are trying to bring up your child under a shared custody parenting plan, you will know that this can be a big challenge. Accepting that your children will not be brought up solely in your home, and understanding that they may be subject to the influence of stepparents, can be very difficult to deal with.

If you are currently having problems in your coparenting relationship, you should know that there are many strategies that you can use to improve the situation. Creating a strong foundation for coparenting does not happen overnight, and there will always be obstacles. The best approach is to keep the well-being of your child as your focus, and try to learn as you go.

Researchers say texting helps kids cope with divorce

Kids and teens in California have made texting a favorite form of communication. Though adults sometimes worry about the effects of texting and online chatting, a new study shows that there are some benefits, especially for kids who live with only one parent. The researchers say that texting and internet communication is helping to keep children of divorce in steady contact with both parents.

In the past, children of divorce were thought to be negatively affected by arguing between their parents. The better the parents got along with each other, the better off the child was emotionally. But now researchers say that recent studies indicate that the relationship between the parents doesn't matter as much as the relationship each parent has with the child.

The importance of prenups for older couples

Even though a prenuptial agreement can be an important document for any married couple, it's all the more valuable for couples who have sizable assets to safeguard. Most couples in California who get married young may feel justified in neglecting a prenup since they probably haven't accumulated much wealth yet. However, it's a different story for seniors who may be considering entering their second or third marriages.

People who decide to get married when they are older tend to have more financial concerns that could be affected by a new relationship. For starters, they may want to make sure that they can provide adequate support for the family in retirement. They might also want to make sure that they leave sufficient assets to their children should they have any.

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