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Finances, property and other California divorce issues

California marriages are included among the rest in the nation that, according to current statistics, are likely to have one out of two end in divorce. As divorce is never an easy process, spouses facing the ends of their marriages may be glad to know that there are practical tips available meant to make the process less stressful. It is also advisable to speak with a qualified attorney before attempting to settle divorce issues regarding property, finances, child custody and other important matters.

Some soon-to-be former spouses may not realize that states often restrict spending after divorce is filed. Therefore, a person planning to make a large purchase is advised to do so before the divorce process has officially begun. Otherwise, when a court order or agreement does not exist, those involved may be prohibited from anything that can be viewed as a liquidation of assets.

It has been recommended that when a person filing for divorce is planning to leave his or her residence, he or she should first take photographs of all assets and make copies of account information and important phone numbers. It may also be beneficial to seek a valuation of assets before taking up a new residence, which can save time if one chooses to seek assistance from a family law attorney. This also helps identify one's largest asset, which many apparently mistakenly think is their house; however, that is not always the case. 

One will also want to make certain that he or she understands state law with regard to debt obligations, property division and other divorce issues. Typically, the best way to gain such information is by consulting with a qualified California attorney. He or she would be able to answer questions and guide one through the legal process.

Source: huffingtonpost.com, "40 Secrets Only Divorce Attorneys Know", Lia Sestric, Nov. 19, 2015

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