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Posts tagged "Divorce"

Dealing with divorce later in life

In California and across the country, a growing number of people are choosing to divorce later in life. The phenomenon is often referred to as a "gray divorce". In the past 20 years, divorces involving couples aged 50 and older have more than doubled. While only 10% of divorcing couples were older than 50 in 1990, that figure had reached 25% by 2010. It has continued to increase since that time. The vast majority of divorces continue to involve younger people, but there are a number of reasons why people are more likely to end their marriage at a more advanced age.

The role finances play in a divorce

A divorce can have a significant impact on a person's current and future income and expenses. Therefore, someone who is thinking about ending their marriage in California should get a clear picture of their finances. The first step is to obtain information about household wages, bonuses or other income earned over the past several years. This data may be obtained by reviewing a previously filed income tax return.

Protecting children through a parental divorce

Parents in California who decide to divorce may be concerned about how the end of their marriage will affect their children. Divorce can lead to significant disruption in a child's life, especially as he or she now moves between separate homes and deals with the confusion of even part-time separation from a parent. Of course, divorce can also lead to greater financial challenges and a change in a child's standard of living as well as serious emotional fallout. However, parents can help to protect their children in this difficult time by keeping some key pointers in mind.

How to prepare for the possibility of a divorce

Summer is often a time when families spend more time with each other. That can be a bad thing for California couples who are already having problems in their relationship as the extra time together only makes things worse. In some cases, the stress becomes too great to handle, which results in a divorce. Statistics show that people are most likely to file for divorce in August and September. January and March are other prime months.

Modern marriages and shifting gender roles

Traditional marital roles have been changing in the United States over the past several decades. While most modern husbands are OK with their wives having careers outside of the home, there may be some complications surrounding this issue. According to a study conducted in Sweden, a wife who experiences a sudden boost in her career may be more likely to face an unwanted divorce. It seems as though husbands and wives who change from traditional gender roles to gender-equal roles tend to experience rockier marriages.

More divorces happening because of stress from student loan debt

Financial problems have never been romantic, and the high levels of student loan debt held by people in California appear to be straining marriages. A website service that helps users manage education debt conducted a study and found that 13% of respondents specifically cited student loans as the reason that they got divorced.

How parents can retain their authority

Partners who are controlling or narcissistic during a marriage are unlikely to change after a divorce. This may present a variety of challenges as it relates to raising a child after the marriage is over. However, there are a variety of ways that parents in California can meet and overcome these challenges in an effective manner. It is important for someone who is raising a child to know that they can only control themselves.

Understanding Social Security benefits and divorce

Many older couples who get divorced in California worry about dividing up financial assets and other large marital property, such as the family home. These soon-to-be exes want to make sure they have enough resources going into their later years. For those who are retired and eligible to receive social security benefits, understanding how the system works in regard to divorce can be extremely important.

Buying the family home after a marriage ends

Because a home is often the most significant asset acquired during a marriage for California couples, it's also a common source of contention when a marriage ends. Any spouse wishing to keep the marital home is typically advised to find out whether or not sole ownership is financially feasible. There are several steps that can be taken to make this determination.

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