A Strong Advocate For The Vietnamese Community

What is your standard of living?

On Behalf of | Apr 25, 2023 | Family Law |

A significant part of the divorce process involves planning for and adjusting to the changes it will bring to your life. Regardless of whether these changes are large or small, financial or physical, they can affect your overall standard of living.

It is helpful to prepare yourself for how divorce will affect this standard post-divorce.

A brief explanation of your standard of living

The term “standard of living” refers to your general lifestyle – and all of the details involved. It defines the habits and lifestyle you maintain each day.

California Courts provide some factors that make up your standard of living, including:

  • Financial details, such as your income, spending money, budgets or assets
  • Material details, such as owning luxury goods or vacation properties
  • Daily details, including the everyday habits you engage in

These factors in your marriage make up your marital standard of living. You should understand the basics of your marital standard of living as well as your individual standard of living as you approach a divorce.

Why is it an important thing to know in a divorce?

The details of your standard of living are important because you, family law attorneys and family courts alike will aim to maintain that standard as much as possible for each spouse in the event of a divorce. It can be a critical factor in many aspects of your divorce, including:

  • Dividing property
  • Seeking spousal support

There are many things that will change in divorce, and that will often include your daily life and lifestyle. However, you can take steps to protect the life you know if you understand the details of your standard of living.

RSS Feed