Preparing for divorce in advance can make what is a difficult process move more smoothly. Thinking long and hard about the ramifications of divorce and whether it is the right decision as well as researching California state laws about divorce are both steps that a person should take before proceeding.
Many divorcing couples in California and around the country are eschewing family gatherings and other social engagements this holiday season in order to reach amicable settlements before the end of the year. They are foregoing traditional festive season celebrations because the tax rules relating to spousal support will change on January 1, and divorcing spouses must have a final alimony agreement or court order in place by December 31 if they want the current deductions to apply.
It's widely believed that divorcing couples will each receive half of the family assets although, in most cases, they do not get identical assets but equivalent ones. In California, there must be a distinction made between community and separate property with only community property being subject to division. Additionally, 401(k) plans have different rules as to how the assets are treated in a divorce. Family law judges have wide discretion in establishing final property division orders.