14 Jan When Improving Quality of Life Means Ending an Unhappy Marriage
The pandemic has been hard on relationships—the stress of working from home, worrying about health and job security while homeschooling kids has pushed many relationships to the brink. Many of us start the year with a promise to improve the quality of our lives. For some couples, ending an unhealthy marriage is the best way to do this.
What to think about if you and your spouse are planning to Divorce in 2021
“Ben” and “Amy” are a good example of a couple who are getting divorced in the new year. For their Amicable Divorce—no children, neither party is contesting the Divorce–they don’t need an attorney. Because they will be able to work out an equitable division of property themselves, Guideway can save them a lot of money. Best of all, we guide them through it. We prepare the legal documents and file them with the court. In California, a Divorce can be finalized in a minimum of six months.
Ben and Amy have been married for eight years
Ben and Amy got married soon after Amy graduated from college–Amy admits that it was probably too soon. She began working for a nonprofit, and Ben was a fireman with the Oakland Fire Department. Ben is 15 years older than Amy and doesn’t want children, and this has created a growing rift. Amy agreed to this condition when they got married, but it turns out that she wants children after all—she wants to be a family. The couple’s assets include their Oakland home, two cars, Amy’s 401k and Ben’s retirement account.
Our initial session was a Zoom call to review the Divorce process
Ben would serve a petition to Amy, which was the beginning of the Divorce process. From this point, they would need to identify the shared assets and debts that they have acquired over the course of their marriage and reach agreement on how they would divide them.
Creating a financial landscape
Divorcing couples need to provide the financial documents that will create a comprehensive financial landscape. These should show both assets and liabilities. You’ll need to gather:
- A list of your financial accounts–checking, savings, money market, life insurance, investment, 401k, credit cards, retirement accounts, etc.
- Account statements, deeds, copies of insurance policies, and other such supporting documentation.
- Tax returns for the past two years, paystubs or other proof of income.
- Information regarding any business interests in which you are involved.
We’ve been assisting couples with divorce since 2003
Divorce can seem overwhelming because it is often accompanied with upheaval—especially if there are children. Yet it is a methodical process, and we guide you through it. If you are considering Divorce or want more information, contact Guideway today.
We service the entire East Bay and North Bay areas
Berkeley, El Cerrito, Richmond, Pinole, Alameda, San Leandro, Castro Valley Newark, San Lorenzo, Concord, Alamo, Danville, Lafayette, Orinda, Moraga, Pleasant Hill, Martinez, Pittsburg, Antioch, Brentwood, Oakley, Discovery Bay, Pleasanton, San Ramon, Livermore, Tracy and Fremont. Our clients also live in the Napa Valley, Benicia, Vallejo, Martinez, Fairfield.