Would you ever stay with your spouse simply because you could not afford to divorce him or her? Well, there may be a correlation between the downturn in the economy and divorce rates. Indeed, some people opt to stay with their spouses simply because they cannot afford to divorce them. Often times divorce comes with one party paying the other spousal support and/or child support. In California, if there is a house involved and one spouse wants to keep it, one party will have to come up with the funds to buyout the other spouse’s community property interest in same. Given the downturn in the economy, most people cannot afford to pay support and pay a buyout amount to keep property. So, they stick out with the spouse.
The Census Bureaus released findings that the number of divorced men and women over the age of 15 grew by more than 930,000 to 26,996,203 in 2010. Both divorce and separation rates are off of their lows in 2008 when the economy went bad.
At any rate, divorce does not have to be expensive if you and your spouse are willing to work it out. It especially helps if you and your spouse come up with an agreement to dissolve your marriage amicably. On the flip side, if you and your spouse have accumulated substantial California community property, have children and have been married for quite some time, then unfortunately, you are looking at a big pay out depending on the facts of your case.
At any rate, if you are contemplating a Los Angeles County or Orange County divorce, contact an Orange County divorce lawyer for more information.