Calling it quits in a marriage is never an easy process, financially or emotionally. For this reason, the divorce process can quickly spark anxiety. Fortunately, taking steps as soon as possible in the divorce process may help to make this major life event a lot less stressful in the Bay Area.
Preparation can keep divorce from ruining retirement
Ending a marriage can unfortunately deal a blow to people's retirement plans. Still, a solid understanding of their finances may help them to more easily and quickly bounce back after the divorce has been finalized. Here is a glimpse at some steps that may help them to retire with confidence in the Bay Area.
Postnuptial agreement may provide protection in a divorce
Two married individuals in the Bay Area may now be questioning their decision not to create a prenuptial agreement before getting married. Fortunately, they can still put together a postnuptial agreement, which can help them to protect their assets in the event that they get a divorce down the road. Here is a look at a couple of situations where developing a postnuptial agreement would be wise.
Tips may help with dealing with emotional aspect of divorce
Feeling emotional is natural during the process of getting divorced in the Bay Area. However, it is possible for people who are going through divorce to remain in control of their emotions during this process. Here are some tips for finding balance amid the emotional ups and downs of divorce.
Preparation may help with divorce asset division
Getting divorced can understandably be stressful from a financial perspective. This is particularly the case when two divorcing individuals have a large number of assets that must be divided. Here are some tips for navigating the financial aspect of divorce in the Bay Area.
January ranks high for getting a divorce
The beginning of 2020 may signify the ending of a marital union for many couples in the Bay Area. The reason for this is that research shows that January happens to be the most common month for getting a divorce. Here are a couple of reasons why January is such a popular divorce month.
Couples going through divorce may benefit from counseling
Once two individuals in the Bay Area choose to end their marriage, it may behoove them to consider taking part in counseling. This is because divorce counseling may help them to cope with the emotional challenges that come with a marital breakup. Let's take a peek at what divorce counseling entails.
Steps taken prior to divorce may make process easier
Getting divorced in the Bay Area may be necessary if two spouses simply cannot reconcile their differences. Unfortunately, the divorce process is sometimes complicated and can quickly become overwhelming. Fortunately, certain tips might help individuals who are going through divorce to be as prepared as possible for the proceedings.
Late-in-life divorce may involve asset division, spousal support
The dissolution of marriage after age 55 is becoming more and more common. Unfortunately, going through divorce later in life can be tricky, as those getting divorced may have more assets to divide and less time to recoup their divorce-related financial losses before the retirement years arrive. Here are a couple of tips designed to help people navigating late-in-life divorces in the Bay Area.
Divorce and your 401k
One topic that you may not have been prepared to address during your divorce proceedings in Livermore is your 401k. These retirement funds are the result of your own individual effort in your job; why would your soon-to-be ex-spouse be entitled to them? Many come to us here at the Family Law Group LLP have this same question. Like you, they have put a lot of effort into planning their retirement, and are now concerned that those plans now could be financially impacted by their divorces.
