There are several ways you can keep some of your assets separated after you get married, even though many of the assets you own will become marital assets (meaning they would be subject to property division if you get divorced). It can take some planning to make this work, however. The most common tool used is a prenuptial agreement, which…
Your divorce attorney is perhaps the most valuable resource available to you during the divorce process. To that end, it’s important for the two of you to develop a good working relationship so that you can collaborate toward your goals. What steps can you take to make matters easier on your attorney and set you up for greater success? Below…
It’s understandable if you would prefer to completely avoid your spouse while you are going through your divorce. However, there will be some situations in which at least a little communication is necessary. The following are some tips to help you make communication as effective and painless as possible. Time your communication right: Avoid speaking with your spouse if you’re…
There are many factors that can make a marriage harder work than it needs to be and make it more likely that it ends in a divorce. You may or may not have control over many of these factors. Still, there are some steps you can take to strengthen your relationship and give you and your spouse a better chance…
There’s a variety of factors that can make a divorce more likely for a couple, including social, economic and demographic factors. It therefore may come as no surprise that there are some occupations that tend to have higher divorce rates than others. The U.S. Census Bureau has data associated with divorce rates for those working in certain professions. The percentage…
Recent studies of divorces in the military indicate that, as of 2017, the overall divorce rate among service members stayed steady at the same rate in 2017. It was the fourth year in a row in which the rate was between 3 and 3.1 percent. This is slightly below the 3.2 percent overall divorce rate in the United States. Data…
When it comes to divorce, it’s important to remain as realistic as possible. There likely will never be a circumstance in which you get everything you want. Divorce is very much a give-and-take sort of process, with a lot of compromising and negotiating required. In fact, an unwillingness to compromise may not be in your best interests. It’s also worth…
As you approach your divorce, you can expect Social Security benefits to be an issue in the asset division process. Even if you’ve never worked under Social Security, there’s still a possibility you can get a share of your former spouse’s retirement benefits if you are 62 or older and if your spouse receives disability or retirement benefits. Below are…
Divorce can lead to you taking a big hit financially. At the very least, you are likely to lose a second source of income, which means you may need to adjust your lifestyle to meet your new financial reality. Below are some steps you can take to begin your financial recovery after a divorce: Don’t procrastinate: Be prepared to make…
If you follow the news, you’ve likely seen reports indicating that the national divorce rate has been dropping steadily over the last couple decades. Between 2008 and 2017, the national divorce rate fell by about 21 percent. That downward trend is expected to continue in the coming years. Many researchers believe that a major cause of this drop is the…