October 24, 2013 /24-7PressRelease/
-- California has one of the highest divorce rates in the nation at an average of 60 percent. That compares to roughly 50 percent nationally. In Orange County, one news article states that one-third of the county's residents files for divorce every day.
Numbers such as these paint a very bleak picture. The emotional toll on couples, children, extended family members and even friends and neighbors cannot be ignored. In addition, the financial impact is great as there is frequently a loss of income and lifestyle as well as a potentially high price tag to getting divorced.
Men have rights, too
Much emphasis in our culture is placed on women's rights during a divorce
, with an equal amount of advice to go with it. However, men also deserve the same protections and there are some simple ways that husbands can avoid unnecessary financial loss during a divorce.
Honor the grief process
No matter the circumstances or who initiates a divorce, it is a loss for both parties. According to Forbes, couples should treat divorce like the death of a close family member and avoid making major financial decisions for 6 to 12 months after the divorce is final. Heeding this advice in the year following a divorce can help prevent some poor decisions that all-too-easily happen when made during an overly emotional time.
Seek even and fair settlements
Since California is a community property state, this likely happens more often than in non-community property states. However, there are still opportunities for a spouse to give in and allow their former spouses to have that little something extra. Having a goal of a fair settlement can keep a divorcing spouse on track and avoid giving away too many assets, whether financial or sentimental in nature.
Look for creative options to pay support
Whether the need is to pay child support
, spousal support or both, the thought and act of writing a check to an ex-spouse every month can be difficult for many people. Additionally, there can be concerns that the support payments are used for the proper purposes.
One option is to pay money directly to a mortgage holder, caregiver, school or other entity rather than directly to the other spouse. This fulfills the obligation, ensures the money is used appropriately and diffuses the emotional nature of the payment.
Clearly define support parameters
Making sure that what child support is intended to cover is clearly outlined can make a world of difference. When not specified, there is a risk of continually being asked to pay for additional things. Instead of leaving the agreement vague or having child support only be used for food, clothing and shelter, ask for your divorce agreement to stipulate that child support cover extra-curricular activities, entertainment or other factors to avoid such situations.
There is no true winner in a divorce but there are ways that you can minimize the impact for yourself while still ensuring a fair settlement all the way around. Working with an experienced family law attorney can help you be able to manage this well.
Article provided by Law Offices of David P. Schwarz
Visit us at www.davidschwarzlaw.com