There are many financial strains individuals will have to overcome as they go through a divorce. This is especially true for parents who are helping pay for their kids’ college education through the use of financial aid. The following are a few tips to keep in mind as you navigate the Free Application for Federal Student Aid (FAFSA) process, which can…
The time period after a divorce can be very stressful. Although you are likely going to be focused on all the logistics of starting off on a new path by yourself and helping your children cope with the major change in their lives, it’s important to take some time for yourself so you can heal emotionally. The following are a…
Divorce can cause a lot of turbulence, both emotionally and financially, in a person’s life. Because of this, it’s important to act with great care during settlement negotiations, being assertive enough to look out for your own interests, but also amicable enough to avoid making the situation more contentious than it needs to be. The following are a few tips…
Infidelity is becoming more common among people under the age of 30. It is estimated that roughly 30% to 60% of all married individuals (in the United States) will engage in infidelity at some point during the lifetime of their marriage. A change of time and technology is greatly responsible for the increase of infidelity in the last 20 years. …
Women are more likely than men to suffer from poverty. The number of women suffering from poverty greatly increases for older women, divorced women and single mothers. Women are 80 percent more likely to live below the poverty line than men at age 65 and older. Experts say that the obvious reason for this can be partially attributed to the…
It is impossible to know exactly how much an average divorce will cost ahead of time, as each divorce is unique. However, you can at least get an idea of the factors that will go into determining the overall financial impact of the divorce. The following are a few of those factors: Your relationship with your spouse. A contentious divorce…
Divorce can be an incredibly difficult process for many reasons, not the least of which is the emotional turmoil it may cause. If you are going through a particularly contentious divorce, there will likely be plenty of situations in which you wish you could just get up and scream at someone. As difficult as it is, however, the best possible…
Steven A. Cohen, the billionaire investor and founder of SAC Capital Advisors LP, recently won a dismissal of a lawsuit in which his ex-wife alleged he defrauded her out of millions of dollars when they divorced in 1990. The chief judge in the case, Loretta Preska, said Patricia Cohen was unable to prove her husband hid $5.5 million he had…
People who are going through their first divorce never quite know exactly what to expect. We may know others who have gone through the process, but every divorce is different and there are many types of challenges that may arise. There are a number of myths and misconceptions surrounding the divorce process that may make individuals even more anxious than…
Divorce raises many questions about health insurance for you and your children. If your employer’s group insurance plan has covered your family, the court can require you to keep your children enrolled, even if you don’t have custody of them, by issuing a qualified medical child support order (QMCSO). The court might even require you to pay for your spouse’s…