Planning a 2020 Divorce? Checklist for the New Year
If you’re planning to get divorced in 2020, you need to prepare and consider a realistic strategy, now. Divorce filings surge in January as people decide to start their New Year with a clean slate.
However, don’t let your emotions get the best of you- it is important to first research the financial and legal implications.
Some advice we often suggest is that one seeks out several professionals to help guide you in the process. A psychologist can help you make sure that you are making a clear-headed choice and that you have emotional support and counseling. A certified financial planner can help outline the financial implications. And most importantly, a Divorce Lawyer who can prepare you for all that is to come. Make sure you interview appropriately and find an Attorney that offers option solutions such as Mediation, Divorce Coaching and not a ‘one stop shop’ Attorney, but someone who focuses in the area of Divorce.
If there is no prenuptial agreement realize that all marital assets are community or marital property, meaning assets acquired during the marriage are divided equally when a couple divorces. This is why it is important to gather all of your financial records prior to a filing.
While you’re mulling your decision to divorce or not, take an inventory of your life insurance policies and retirement accounts (including IRAs and 401(k)s) and think about who you might want as a beneficiary in lieu of your soon-to-be ex-spouse. In addition to the divorce decree (should you file papers), you may need a “Qualified Domestic Relations Order” — a court order that requires workplace retirement benefits or IRAs to be split. People who are not in good health may need to think about such issues should they lose their independence.
More baby boomers are getting divorced and will likely be more concerned about retirement given they are closer to retirement age, currently 66. Social Security benefits may (or may not) be affected after divorce and will likely be less if your current or soon-to-be former spouse dies.
Ending a marriage is stressful and there are options for those who can’t afford high-priced professional therapists such as group therapy/support groups for newly divorced people through organizations like DivorceCare and the Action Family Foundation.
Talking to a lawyer is not being unfaithful, it’s about being smart and protecting yourself.
For more information and to schedule your free consultation, please call The Law Offices of Steven B. Chroman, P.C., at 661-255-1800 or visit us at www.chromanlaw.com. Mr. Chroman is a Trusted Advisor Award Winner and named Top 100 California Attorney’s with over 20 years of experience and local service.
ADVERTISE WITH US
Schools Out For Summer – The Law Offices of Steven B. Chroman
That used to be the anthem we blasted on our radios as loud as can be…now the tune can equate fear in two household families. I think the most difficult part of summer break is unilateral for all parents; keeping your children occupied. Twice as hard when you have to...
The Imperative of Smoother Hospital-to-Home Transitions – Comfort Keepers In-Home Care
In the symphony of healthcare, the crescendo of care for our seniors often reaches its peak during the transition from hospital to home. This pivotal juncture, where the baton passes from the hospital’s skilled hands to the tender embrace of home care, is crucial for...
Spring is In the Air – Oakmont Senior Living
A hopeful sense of wellness and renewal is upon us with the onset of the Spring season. I am delighted by the sheer number of family members visiting our thriving residents at Oakmont Senior Living. They come to celebrate with their parents or other loved ones who...
ABOUT THE MAGAZINE
Santa Clarita Magazine has set a high standard for excellence in advertising for over 34 years. A family owned and operated business, Santa Clarita Magazine has grown with the Santa Clarita Valley since 1990 and become the #1 place to advertise locally.
FOLLOW US
SANTA CLARITA MAGAZINE
PO Box 801570
Valencia Ca 91380
For Advertising information
Call or Text: 1 (661) 294-4444