If you are the parent of a child who is still in high school and you and your spouse are getting divorced, it is important that you address the potential for upcoming college costs as you negotiate your divorce settlement. Even if your student attends a California state college or university, the costs can be very high. As explained by CNBC, without any documented agreement between you and your spouse, you could be on the hook to pay for everything. The worst scenario is that this would prevent your child from getting the education they want.
If you are one of the many California residents who is married but may be contemplating a divorce, you are not alone. You may be wondering what your life would be like after a divorce and your finances may be a big part of this. If you have not been directly involved in all aspects of your marital finances, now is the time to get educated about as much as you can.
One of the elements that those preparing for a divorce in Manhattan Beach most often overlook is where will their health insurance coverage come from. Per information compiled by the U.S. Census Bureau, 67.2 percent of those insured in 2017 were covered under a private health insurance plan. Of that group, 56 percent were covered under an employer-sponsored group health plan. In such scenarios, the court will typically order that the parent whose employer offers insurance keep the kids on the plan. Yet what about their ex-spouse? Where are they to get their coverage from?
The automatic assumption that many in Manhattan Beach may have going into divorce proceedings is that one said will be required to pay the other alimony. If you follow this same line of thinking, then you should know that spousal support or maintenance (other terms for alimony) is not automatic. The court considers a number of different factors when determining if alimony is truly warranted in your case.
If you are like a lot of people who get divorced in California, you might be hesitant to disclose too many details about your divorce. The end of a marriage can be an emotionally challenging time and can leave individuals feeling embarrassed, even if they have really done nothing wrong. While it can be wise to avoid airing your dirty laundry just anywhere, it can also be helpful to find the right outlets with whom to share some details so that you can receive the level of support and guidance you might need or benefit from.