For couples in California that have gone through a divorce, they will likely agree that the process was anything but easy. These individuals will also contend that they would not want to go through that process again, even if it was uncontested and quick to reach a divorce decree. Unfortunately, some divorce spouses must revisit their divorce decisions, as it might become necessary to appeal or modify the order.
Couples negotiating a divorce in California relied on long-standing provisions in the U.S. tax code that allowed the spouse who paid spousal support to deduct these payments from their federal taxes. However, the new federal tax law eliminated this deduction and will likely complicate divorce settlements.
As we discussed recently here on our Tustin family law blog, a prenuptial agreement can prove beneficial in many ways for a couple preparing for marriage. But it is something to consider carefully, as there can be some down sides to a prenuptial agreement if a couple does decide to separate and divorce.
Headlines about an alleged affair and payment of hush money between President Trump and an adult film star have persisted for weeks. With these latest rumors on top of numerous accusations against him of sexual harassment and even assault, some are speculating that Mrs. Trump may be considering or even preparing for a divorce.
Let's wrap up the discussion we've been having over the past month on our Tustin family law blog with a look at some of the remaining factors that could play a role in spousal support. The discussion is not intended not as legal advice, but simply as general information.
Last month we began looking in some detail at the reality of spousal support in California, in contrast to some popularly held misconceptions. Having reviewed the different situations in which spousal support may be awarded, let's continue with how courts go about calculating spousal support.
In any divorce, ongoing support is a priority matter. In marriages where one spouse earns a significantly higher income than the other, such as a physician, there are additional circumstances to be taken into consideration.
When a couple has reached the end of a marriage, there are a number of financial matters they will need to address. One major issue is what Tustin residents commonly know as alimony, or what California law calls spousal support. There are some common misconceptions about spousal support, so we'll be taking some time this month to look at just what the California courts say about it. The discussion is intended as general information only, not specific legal advice.
As discussed previously on our blog, Tustin couples may find that separating and ending their marriage can be much more complicated when they own a business together. This is one scenario among many where it may make sense to consider legal separation as a temporary phase before moving ahead with a divorce.
We wrote last week here on our Tustin California Family Law Blog about community property laws and the process California couples go through to divide their property at the end of a marriage. There are many potential complicating factors that can give rise to disputes, one of which is when partners in a marriage are also partners in a business.