You and your soon-to-be former spouse may have agreed that she would stay home with the children while you worked. Now, after years of being the sole source of income for the family, you and your wife decided to end your marriage and you wonder whether you will get enough time with your children.
When you filed for divorce in a California court, you logically assumed you would face future financial obligations regarding child support and alimony. You were okay with that and really just want to work out an agreement in the swiftest, most financially feasible manner possible so you could get on with your life. The thing about child support and alimony is, however, that each state has its own guidelines to govern these processes.
During your marriage, you were always quite content to be the breadwinner while your wife stayed home to take care of your home and your children. After all, you knew from your conversations with California business colleagues how expensive child care outside the home can be, so if there was a way to avoid that expense, you were all for it. When you decided to divorce, however, you immediately faced several decisions you knew you would have to make regarding your children - most urgently, where they would live.
Engaged California couples know how exciting it is to plan for the future and look forward to their lives together. However, you would be wise not only to plan for your wedding day, but also for long into the future. One of the ways that you can do this is by drafting a prenuptial agreement.
It is never easy to come to the decision to end your marriage, but you may not know that divorce is not necessarily your only option. In some cases, it may be appropriate to pursue an annulment. Ending a relationship through annulment in California is rather rare, but you may find it beneficial to learn more about this possibility.
Given the fact that your former spouse was a stay-at-home parent for more than a decade, you no doubt expected that the California court would implement a child support order when you divorced. As a good parent, you obviously want what's best for your kids, and you were more than willing to continue to help provide for their financial needs even though you were no longer married to their other parent.
Certain professions call for long, hard and irregular hours or extensive travel. Sometimes it is for a short period to get through an important deadline. In other situations, it is ongoing part of the job. Being an entrepreneur, business owner, executive, health care professional, firefighter or in the military can place additional stress on your relationships because the hours do not fit the nine-to-five norm.
The Dow Jones average has risen from about 20,000 to 22,000 so far this year. So there is no better time to consider the extraordinary value of employee stock options, and what happens to them in divorce.
If you’re the breadwinner of the family and going through a divorce, there’s a good chance you’ll be ordered to pay spousal support. Often referred to as “alimony,” spousal support is designed to provide compensation to the spouse with lower earning potential. The purpose of this compensation is to protect the supported spouse from economic fallout and help them maintain the standard of living they’ve become accustomed to while married.