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Showing posts with the label parenting plan

Uncontested Divorce: Couple’s Divorce Finalized in 7 Months

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Divorce is never easy. Even in the best of circumstances, it requires time, a financial commitment, changing environments and sometimes circumstances–in many cases it means downsizing and losing the family home. If there are children, things quickly get more complicated as couples scramble to minimize the volatility for their kids. But Divorce doesn’t have to be chaotic and expensive. If a couple can agree on division of property and a parenting plan, they don’t need an attorney—we’ve helped hundreds of couples with uncontested Divorces since we opened our doors in 2010. We recently helped a couple, John and Susan, who came in to our office on a Friday morning. They’d been married for ten years and had a five-year old daughter and a seven-year old son; they both had good jobs and owned their own home. They’d grown apart over the years and quarreled constantly. They knew they were creating an unhealthy atmosphere for their children. When their son’s teacher called to tell them that...

The Economics of Divorce: Who Gets the Family Home?

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At DP Legal Solutions, we assist couples with uncontested divorce, which means they’re able to reach agreement about division of property and a parenting plan. California is a community property state: An equal division of property California is a community property state, so all  property accumulated during marriage –including debt—is typically divided evenly when a couple gets divorced. When couples get ready to divide property, they need to look at their respective cash and savings accounts; investments; stock portfolios; 401k accounts, pension plans or other retirement accounts; and real property—the family home and any vacation property they may own. The wife should get the family home—or should she?   Many couples, when dividing their property, think that the family home with its significant amount of equity is a fair deal for the wife. Since the wife often has primary custody of the children, this often seems to make sense—the kids’ lives wil...