Skyrocketing prices for everything, including food items to gasoline to unemployment, have effected the economy and all of these factors have had influence on those seeking a divorce. Anxiety over these issues is natural when considering how much the divorce could ultimately cost when all is said and done. Divorce Option: Save Money by Using Mediation Traditional litigation can be very … [Read more...] about How Does The Current Economy Effect My Divorce?
Financial
Student Loan Debt in a Divorce
Student debt is common and the hardship it creates can weigh heavily on the shoulders of former students dealing with it and trying to pay the loans off. Dealing with student debt is an issue that must be faced during divorce. In California, student debt is covered by Family Code Section 2641. At Kim Mediation and Law Center, we can help you find your way through the legal maze … [Read more...] about Student Loan Debt in a Divorce
Value of a Financial Specialist in Divorce
One of the most contentious issues in a divorce involves money. How much has there been for the family? How will it be divided so the same amount can be used to support two households instead of one? How will the assets be divided? A financial expert can answer these questions. Issues a Financial Professional Can Help Solve In Mediation or a Collaborative Divorce, the couple uses a neutral … [Read more...] about Value of a Financial Specialist in Divorce
Dividing Retirement Accounts in a Divorce
Couples who have spent a lifetime together sometimes decide to go their separate ways as they get close to retirement. If this happens to you, you may worry about the retirement accounts you have accumulated during your career. In California, a community property state, courts typically divide retirement accounts like any other asset. Besides owning a house, retirement accounts are often … [Read more...] about Dividing Retirement Accounts in a Divorce
Dividing the Debt in a Divorce
A divorce can be strenuous for all parties involved and there could be difficult issues you may not have anticipated. There could be infidelity, addiction, and even debts that you weren’t aware of. One of those most complicated issues can be the division of debts. How do you divide the debt in a divorce? What about a debt you didn’t know about? Here are a few tips that can … [Read more...] about Dividing the Debt in a Divorce
Deciding to Divorce: Two Big Items to Consider
Deciding to divorce is never an easy decision. There are many things to consider. What will we do with the house? What about the children? How will we handle the holidays? Will there be enough money to take care of everyone? When deciding to divorce, it is important to give careful consideration to the following topics. #1 Children It is safe to say that if you have … [Read more...] about Deciding to Divorce: Two Big Items to Consider
What to Consider When Divorcing Your House
For most couples who divorce, whether amicably or not, the house is their biggest asset. Between the added emotional attachment and the perceived upheaval that comes with children potentially having to move, the question of “what to do with the house” becomes a financial, emotional and parenting dilemma all wrapped up into one gut-wrenching decision. The struggle is due to the fact … [Read more...] about What to Consider When Divorcing Your House
What’s the Average Cost of Divorce in California?
If you’re trying to anticipate the average cost of divorce in California, you’ll quickly realize there’s no typical amount. It all depends on how much legal representation you need, whether you have children, the complexity of your assets, and how many issues you need to resolve. To help you develop a realistic budget for your situation, I’ll begin with some ballpark numbers on the cost … [Read more...] about What’s the Average Cost of Divorce in California?
What You Need to Bring to Divorce Mediation
If you're preparing for your divorce mediation sessions, it's time to get organized. In order to make informed decisions, you'll need to gather several documents about your finances, insurance, and taxes. This blog provides a comprehensive divorce mediation checklist - everything you may need during your mediation. But don't panic at the size of this list. Just focus on the ones applicable to … [Read more...] about What You Need to Bring to Divorce Mediation
The Facts About Spousal Support in California
Divorcing your spouse is never easy, regardless of who initiated the separation. Aside from the emotional turmoil, financial strain can add tension to an already difficult situation. To reduce uncertainty, it's important to understand how spousal support in California works. That way, you and your spouse can plan ahead and make a smooth transition to separate households. What is Spousal … [Read more...] about The Facts About Spousal Support in California