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Why are older couples getting divorced more often?
Over recent years, studies have found that older couples are starting to get divorced at a higher rate. In fact, most young people have a declining divorce rate in the United States, despite the common misconception that 50% of marriages end in divorce. But gray divorce, which in…
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Could an extra service actually reduce the cost of a divorce?
Divorce can be a financial double whammy. People have to divide their property with their spouses, which will diminish their personal wealth substantially. They often have to accept a lower standard of living than they enjoyed during the marriage.
They will also have to pay for … -
How hidden assets can impact the outcome of a divorce
In theory, Texas state law grants both spouses a right to a fair share of their marital estate. Community property laws generally render all income earned and assets acquired during the marriage the joint property of both spouses. If spouses cannot reach a mutual agreement and ne…
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What happens if your spouse won’t negotiate during the divorce?
You want a divorce, but your spouse – for whatever reason – doesn’t want to admit that the marriage is over.
That’s made negotiating an end to your relationship particularly difficult, if not impossible. You’ve been stuck at a stalemate for months now, with no sign of … -
3 tactics to minimize the impact of a gray divorce on retirement
Dreams of your retirement are likely what have kept you motivated throughout your career. The idea of enjoying a few decades of life unpunctuated by the demands of employment can help you defer small pleasures in the interest of saving money.
You and your spouse have likely coop… -
What determines the amount and duration of spousal maintenance?
Your standard of living tends to increase after marriage. After all, you and your spouse can combine your incomes to maintain one household. You can afford more as a unit than you ever could as individuals.
Even if one of you doesn’t work full time, their unpaid contributions … -
Manage your expectations to handle stress during divorce
Everyone goes into divorce having expectations for their idea of a “perfect” outcome. It’s important that you do manage your expectations, so you are able to work through the divorce without as much stress.
When you start your divorce with an expectation of walking away wi… -
When is it appropriate to get a postnuptial agreement?
When you got married several years ago, you and your spouse were on the same page. You both worked, and you knew that you were both able to handle your debts and expenses.
Now, your spouse is asking to stay home. You’re ready to have a child, but what can you do to protect you… -
Could your spending habits lead to divorce?
You believe that your spending habits are fine. You can always pay the credit cards off at the end of the month and you put aside a little bit of your income for savings, but you make sure to spend money on things that you want. For you, financial freedom means getting to buy the…
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Tips for telling your children about divorce
Getting divorced starts when you or your spouse begins to consider the option. This escalates when the two of you start talking about it together. Ideally, this will happen amicably and you’ll both just discuss your options, but it may not go quite that smoothly.
Regardless, t…