We’ve previously discussed strategies to help ensure that your co-parenting efforts proceed smoothly and without a hitch, and we thought it would be good to go over some more advice, this time in regards to the financial aspects of co-parenting. As you and your ex-spouse are well aware, raising children is a costly and stressful affair. This is why it’s so important that you and the other parent work together and figure out a parenting costs plan that works for everyone.
Although the concealment of assets during divorce proceedings is illegal, many in California frequently try to stash away and conceal property and wealth in order to avoid splitting them up during the division of assets. Many take the risk of breaking the law because, frankly, people often get away with asset concealment in California.
It’s a common complaint: many gripe that family law courts will always favor mothers over father when it comes to child custody and other family law disputes. While this assertion continues to be a prevalent one, the fact of the matter is that the courts are bound by the clearly-defined family law code, and in California, the law spells it out clearly: both mothers and fathers are equally entitled to having custody of their children.
California is one of the several states in the U. S. that follows community property laws, which brings forth all sorts of questions 04about property and asset division. To put it simply, community property means that all assets which are collected during the length of the marriage become marital property, and are to be split equally in half between the two individuals in the case of a divorce.