As the structures of families in California change, so too do the arrangements under which adults work to earn money. In the past it was not uncommon for a family to subsist on a single income; today many families need both adults to work in order to make ends meet. The decisions that a couple make regarding who will work outside of the home and who will attend to domestic responsibilities can affect how alimony decisions are made if the couple later files for divorce.
Individuals in Stockton who go through divorce may find themselves worrying about many things as their marriages end. Some may fear how their kids will be affected. Others may be concerned about how their emotions will hold up under the stress of the process. Still others may question how they will be able to make ends meet without two incomes supporting the household.
California is a great place to live though some people lament the relatively high prices residents must endure for such necessities as groceries and gasoline. Compared to other parts of the country several markets in the state regularly fall onto national lists of the priciest places to make a home. A recent study by the Bureau of Labor Statistics suggests that costs are going up for people all over the country, including those residents here in Stockton.
Many California residents are likely pretty happy that tax season is over. While some people receive a refund, others may have had to pay taxes to the federal government or to the state. Following tax season, it can be easy for people to forget about taxes completely. However, when California residents are in the process of getting a divorce, they need to carefully consider the tax implications of the decisions they make during the process.
Alimony can be a sore subject for many California residents. Alimony is the payment from one former spouse to the other following a divorce. These payments are meant to allow an ex-spouse to continue to receive financial support following a divorce. It's often awarded when one spouse has sacrificed a career to raise children or take care of the family home. However, it can be awarded in other situations as well.
Many modern parents prefer to split child-raising responsibilities. With the help of technology, options like telecommuting or adopting an alternative work schedule can help parents work around daycare or school schedules.
California readers may be accustomed to news of celebrity divorces. What makes today’s story unusual, however, is the surprising lack of financial planning exhibited by the couple.
Although a household might be dual income, it's common for family members to only use one spouse's employer-provided health insurance benefits. There might be economies of scale or other cost-saving benefits to claim multiple family members, instead of each spouse carrying separate insurance policies.