School will be starting soon, and then the holidays will be here. Would it be better to file for divorce now or wait until the New Year? These are common thoughts that often run through one's head while making the decision to divorce. In addition to these considerations, many California residents also find it advisable to consider the tax implications associated with the various decisions that need to be made.
Money is often a concern when a California couple decides to divorce. Rather than funding one household with two incomes, it is now necessary for each individual to fund his or her own household. This makes it important to know how much money is coming in and going out each month. Some expenses, such as housing, are easily determined. Other expenses, such as child support, are a little more complicated.
The end of a California couple's marriage often means the end of many things. It can mean the end of battles over finances, friends, family and more. However, it does not mean the end of one being a parent when children are involved. Exactly what this new parental relationship will look like, though, does begin to take shape in the form of a child custody agreement.
For some California couples, marital bliss is not their reality. In fact, one of the happiest days of their lives may just be the day that they sign divorce papers. Throughout this process, though, there are a number of financial concerns that will need to be addressed.