Victoria S. Linder Law Office
Family Law Attorneys
Call to Schedule an Appointment

It is possible to survive property division financially intact

The divorce rate among older couples has continued to climb since about the mid 1990's. Though the reasons may vary, the end result may put financial pressure on one or both parties, especially when it comes to property division. Though California is a community property state, there are ways to ensure that one can survive a split in relatively sound financial shape.

Traditionally, though many couples may have agreed to share responsibilities during the marriage, it is still quite common for one or the other spouse to handle the family's financial affairs. While this may work reasonably well during the marriage, a divorce can change the entire financial picture. There are steps that can be taken that may improve the chances of emerging relatively unscathed.

One of the first steps may be to determine what to do with the family home if the couple owned one. It may not be the best choice to retain a house due to the attendant costs that come with the property. Additionally, one spouse may not qualify for a refinance of a mortgage due to a reduced income. Health insurance is another expense that one spouse may need to consider, especially if the other spouse maintained coverage for both. Retirement accounts (if any) also require consideration while going through the dissolution process.

Ultimately, whatever settlement the parties reach should not put one party at a significant financial disadvantage. There are ways to help improve a party's financial position in spite of the setbacks a divorce may bring. Each party is assured the right to consult an attorney who is experienced in navigating California's property division laws in order to help gain a secure financial footing during the next phase of life.

Source: CBS News, "Divorce tips for financial security", Jillian Harding, Nov. 13, 2017

No Comments

Leave a comment
Comment Information

Tell Us About Your Case

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Email Us For A Response

Minutes From Downtown Sacramento

Our office is conveniently located off Highway 50, just three miles from the Sacramento County Family Courthouse and minutes from Downtown Sacramento. For your convenience, we accept all major credit cards.

Victoria S. Linder Law Office
5303 Folsom Boulevard
Sacramento, CA 95819

Phone: 916-905-4805
Fax: 916-498-0127
Sacramento Law Office Map