It’s somewhat common for divorce agreements to include instructions for one spouse to transfer certain property to the other. However, after the divorce is finalized, you may find that your former spouse is not compliant with the settlement and refuses to relinquish your property. Taking legal action When your former spouse refuses to release items into your possession, you have…
Divorce poses unique considerations for the 1.1 million active duty American soldiers and their families. When a military couple decides to divorce, certain factors come into play that civilian couples may not have to think about. In fact, numerous aspects of a military couple’s divorce may be influenced by the spouse’s military service. Child support and spousal support When it…
Between 1990 and 2010, the divorce rate for Americans over the age of 50 doubled. For many couples ending their marriages later in life, special considerations may factor into a settlement. If you are entering into a divorce as a senior, consider the following: Alimony issues: Unlike younger divorcees who may only be required to pay or receive alimony for…
A recent analysis of research from a sociologist at the University of Utah found that couples are less likely to divorce when they enter into a marriage in their late 20s rather than earlier in life. The researcher, Nicholas Wolfinger, stated that individuals’ risk of divorce gradually declines from when they are teenagers through their late 20s. However, once a…
A recent hack into leading infidelity website, AshleyMadison.com, raised questions for many about the role of infidelity in a relationship. Through the site’s security breach, the personal information of more than 37 million users was obtained. With the hack making national headlines, it is causing spouses nationwide to address the impact that adultery can have on divorce proceedings. In New…
While married, couples usually build financial stability and long-term savings goals together, but when your partner is no longer in the picture, you may need to reassess your finances entirely. If you are going through a divorce, consider the following strategies to help with post-settlement financial security: Maintain awareness of your financial situation. As your divorce proceedings take place,…
When a couple cannot conceive naturally, they may elect to go through the process of in vitro fertilization (IVF). Although this process may provide a couple with the ability to have a child when they are together, treatment of the frozen embryos may become complicated when a couple divorces. This month, a divorcing couple made headlines for their legal battle…
Depending on your situation, it could really matter whether you or your spouse file for divorce first. Sometimes, certain factors in your overall settlement may be influenced depending on who initiated the divorce proceedings. Often, the spouse that files for divorce may have more perceived control over the divorce process because they have had additional time to prepare. Because they…
If you are going through a divorce, you will want to be aware of how alimony will be determined, and how these decisions will impact your finances after your divorce ends. Alimony is a form of spousal support that is paid by one member of a divorced couple to the other. Decisions concerning who pays alimony and how much is…
If you believe you will be entering into a divorce with your spouse in the near future, it is important to take all necessary steps to protect yourself, your children and your assets. Through the following five tips, you can be better prepared for when you or your partner file for divorce. Become an expert on your household’s finances: If…