In California, almost all assets acquired during marriage are treated as community property, which is shared between couples 50-50. If a couple is unable to agree on how to split up their community property during a divorce, a judge will order that everything be divided equally. In most other states, assets are divided 'equitably", which does not necessarily mean equally. One New York divorce has made headlines as a wealthy couple battle over assets, which include real estate and artwork.
Wealthy couple struggle to divide property in divorce
Divorce rate grows for older Americans
Fewer people in San Jose overall are filing for divorce, but the opposite may be true for older residents. Between 1990 and 2010, the divorce rate for Americans aged 50 and up more than doubled, a trend that has only continued since then. Dubbed "gray divorce", separations involving older adults may also carry some unique concerns about finances and retirement planning. There are many reasons why more people are choosing to divorce later in life.
Seeking custody of a disabled child in the divorce
Divorce is hard on all participants, particularly the children. But if you are a parent of a disabled child, the ramifications of a divorce can affect them even more.
Benefits worth seeking in a divorce
Social Security benefit checks are expected to replace roughly 40% of the income retirees in California will lose when they stop working. Typically, the size of a person's benefit check is based on his or her work record. However, it may be possible for an individual to claim Social Security benefits based on a spouse's work record. This is typically true whether that person is married or has gotten divorced.
How parents can help their children after a divorce
Divorce is not easy on children, but by focusing on their well-being, parents in San Jose can make the process much less difficult. Children need reassurance that nothing they did caused the divorce and that they can go on loving both of their parents.
