For some people in California entering their first marriage, the concept of a prenuptial agreement carries a negative stigma. Not everyone at that stage in their lives can understand why they should elevate financial concerns above the romantic notions of marriage and living happily ever after. Some people are fortunate in never needing to face the answer to that question. However, other people will understand the answer after they have endured at least one divorce.
Pets are an important part of families but were traditionally a minor legal matter when couples ended their marriage. California has changed this by enacting a new law ensuring that pet care is considered when a divorce is underway and after the decree is issued.
A common question faced by Sacramento residents who are contemplating marriage or re-marriage is whether to sign a prenuptial agreement that has been requested by the other party. This question is especially common in second marriages where one or both parties have significant assets.
Perhaps the most critical issue in most California divorces is the value of the homestead. For most couples, the family home is their most valuable asset. The value of the home will determine how all other marital assets will be divided.
Changes to the federal tax laws, taking effect on Jan. 1, end the long-standing deduction for spousal support payments. These changes have not only rushed divorce negotiations, as expected, but have also resulted in complications accessing money for settlements and making long-term preparations for people over 50.