What are the four main issues in divorce?
What are the four main issues in divorce?
There are four major issues in divorce: property division, alimony, child custody, and child support. If you don’t have children, or they are adults, you will have less work to do.
What is a fair settlement for divorce?
A fair settlement must identify marital property and separate property. If one spouse owned property or assets prior to the marriage, and those assets haven’t been commingled, that spouse should receive that property in the divorce settlement. An inheritance or gift received by one spouse is also separate property.
Is everything Split 50 50 in a divorce?
Because California law views both spouses as one party rather than two, marital assets and debts are split 50/50 between the couple, unless they can agree on another arrangement.
Does the wife automatically get half in a divorce?
Couples going through a divorce must decide how to divide their property and debts—or ask a court to do it for them. Under California’s community property laws, assets and debts spouses acquire during marriage belong equally to both of them, and they must divide them equally in a divorce.
What should a woman ask for in a divorce settlement?
Look for tax returns, bank statements, brokerage statements, employee benefit statements (401K plans, pension and retirement funds), home and business ownership documents, insurance policies, wills, trusts and any other financial document that may play a role in your divorce settlement.
What does a judge consider in a divorce?
The judge considers factors specified in the state statute, such as the earning capacity, work history, age and health of both spouses in order to determine whether spousal support should be awarded and in what amount.
Can a spouse hide money in a divorce?
If you lie during discovery or your deposition in order to hide assets, you’ve committed perjury (a punishable crime). If your lies are discovered by your spouse, your spouse’s attorney, or a judge, you may face severe sanctions (monetary fines) or a perjury charge.
Why do husbands want separate bank accounts?
The common reason for each spouse wanting their own bank account is the desire for independence as all three examples demonstrate. There’s no greater feeling than being free to do whatever you want with your own money.
