While certainly a good deal of the effort that goes into divorce proceedings in Westminster addresses your past with your ex-spouse, the main goal of is to help both of you prepare for the futures that you face without each other. One important element to consider when pondering this is how you might best leverage the assets afforded to you during your property division proceedings to support yourself. If one of these assets is funds from your ex-spouse's 401k, then you will want to carefully contemplate the many options available you when dealing with them.
When a couple in Westminster chooses to get a divorce, both parties might assume that one side will automatically be awarded alimony. Yet that is not always the case. Alimony is only meant to be a means of assistance to help a financially disadvantaged spouse get back on their feet. In this particular context, "financially disadvantaged" means not able to secure gainful employment (or employment that offers an income that would allow them to maintain the standard of living they enjoyed while married). Thus, court reviews several factors when deciding whether the awarding of spousal support is warranted.
Not only is divorce emotionally trying, it can also impact your finances. That’s why many divorced couples in California find themselves in debt after divorce, either due to splitting up assets or as a result of child support payments. There is hope however, as explained by USA Today. The following tips can help you recover your finances post-divorce and make your way towards a bright future.
For divorced parents in California, the holidays can be a trying time. For many people visits with relatives often involve quite a bit of conflict, which can get in the way of your rest and relaxation. In this case, VeryWellFamily.com offers the following advice to ensure your holiday remains as stress-free as possible.
For all of the struggles you have encountered as a small business owner in Westminster, protecting your business from your spouse likely was not one that you anticipated. Yet that is exactly the position that many of those that come to see us here at The Law Firm of Lan Quoc Nguyen & Associates are placed in when they choose to divorce. If and when you and your spouse dissolve your marriage, each of you is entitled to an equitable share of your marital assets. Your business may be included among them.
Within the Vietnamese culture, divorce can be a difficult topic. However, if you are getting a divorce in California, you will have to tell others what is happening at some point. Being proactive about it and telling them before they find out some other way can help make the news easier to accept and reduce any misunderstandings.
When the decision has been made for divorce in California, identifying and dividing the assets and debts can difficult. This is especially true if your spouse owns a cash-heavy business. At The Law Firm of Lan Quoc Nguyen & Associates, our team is experienced working with clients facing this challenge.
Co-parenting can be a beneficial arrangement for many divorced couples in California. However, when tempers flare it may be hard for parents to come together on topics related to child-rearing, which can negatively impact all involved. In this case, parallel parenting is often a good solution, as described by BetterHelp.com.
Dividing up marital property can be one of the most difficult (and potentially most contentious) aspects of a divorce case in Westminster. This is particularly true if business assets are included in such proceedings. Typically, when one spouse owns and operates a business, whatever increase in value that the business experienced during his or her marriage is considered to be a marital asset. Thus, the valuation of a business is crucial in determining each spouse's interest in this asset (as is the date on which the valuation occurs).
While most couples in California have heard of pre-nuptial agreements, fewer still are aware of the role post-nuptial agreements play. These marital contracts are created during a marriage to establish guidelines on the union itself as well as what will occur should it be dissolved. TheSpruce.com answers some common questions regarding these agreements, which are becoming more and more popular among couples.