During a divorce you lose assets you likely need to replace. Rebuilding your finances post-divorce should be a huge priority. It’s often an uphill battle. It takes work and determination. Here are tips on how to budget, save, establish post-divorce credit, and how to make a clean financial break from your ex.
Divorce doesn’t necessarily need to take place in court, there are other options, and two popular choices are mediation and arbitration.
A legal separation is a formal and legally binding agreement that divides debt, assets, and property between spouses; it will also address the issues of support and custody. Creating a separation agreement is similar to getting divorced, with the main difference being after a legal separation is finalized, you are still married.
The first step is to go to the website for the Superior Court in your area. From this website, you will be able to look through the court records digitally. You are able to search by location, case type, name, and other values. If your spouse has filed for divorce, you should find it listed here.
Divorce is tricky business in the best circumstances, but what if you can’t locate your spouse? How do you divorce someone you can’t find?
California is a community property state. Many interpret community property division to mean there is an automatic 50/50 split, but that is not the case. Community property states view all marital assets as joint property regardless of title, but there are exceptions.
When a spouse owns a home prior to marriage and community funds are used to pay down the property, it creates a community property interest. The state of California uses a formula called Moore Marsden to determine if one spouse should receive any money due to contributing mortgage payments.
Gray divorce refers to marriages ended by spouses over 50. There are a number of issues to be aware of; this includes retirement plans, spousal support, health insurance, estate planning, life insurance, and more.
Do-it-Yourself divorce has never been more accessible than it is now. But just because you can, doesn’t always mean you should.
Laws vary from state to state and county to county. You don’t have to file where you were married, but California has 6 month residency requirement, and only one spouse need be a resident. The county residency requirement is 3 months.
