Getting divorced is generally acknowledged as a difficult endeavor emotionally, but its impact of your finances can also present challenges, especially in the often-overlooked area of retirement benefits such as Social Security. To protect yourself, you’ll want to become well versed in the following ways that divorce can impact your Social Security benefits: Get to know the decade factor. If…
Although financial issues are part of many divorces, money troubles don’t usually end when couples choose to dissolve a marriage. In fact, many individuals are highly tempted to try hide assets from the other party, especially when a significant level of money and investments are at stake. Some actions to shield these resources may be deemed acceptable under an asset…
Although the overall rate of divorce is on the decline, the same may not hold true for those in the 50 and older range. So-called “gray divorces” are on the rise and present their own set of difficulties and issues to resolve. Since 1990, the divorce rate has doubled for those over the age of 50, and more than doubled…
A major source of stress on a marriage often occurs when one partner falls prey to a serious illness. Although many marriages can and do weather the storm of sickness, a new study indicates that the likelihood of divorce increases substantially after illness, particularly if the wife is afflicted. Researchers studied divorce rates among couples where one spouse was diagnosed…
Although all couples experience stressors to their marriages, those living abroad as expatriates (commonly called “expats”) often find these difficulties are amplified when living a new culture, far from friends, family and their previous support systems. According to a new study on expat marriages, the so-called “trailing” spouses of expat workers often feel isolated and without an identity in their…
Long Island attorney urges people to divorce before they cheat. Ashley Madison, the dating website that helps married people commit adultery, has been hit by hackers. “Ashley Madison” has millions of customers who have provided their credit card and personal information to the site in the hopes of linking up with other customers for casual, anonymous affairs. It caters to…
For years, Facebook has been used as a way to connect people, but recently it became the vehicle to sever the bonds of marriage. While admittedly a nontraditional approach, a Brooklyn judge recently approved the use of Facebook to serve divorce summons. The summons was sent via a private message from a 26-year-old nurse’s Facebook account to the defendant who…
What used to be a rare occurrence is now quite common: children frequently travel to international and exotic locales. But what if you are divorced and your ex-spouse who wants to take your child beyond U.S. borders? While such trips may not present a risk to many divorced couples, other individuals may worry that once a child is on foreign…
With all of the necessary tasks to accomplish when getting a divorce, managing one’s money — and taking care of financial details expressly related to a settlement — may sometimes end up on the backburner. Unfortunately, the consequences of this approach can add to the difficulties involved in divorce proceedings. To help ensure your money is well managed before and…
Maintaining one’s privacy is not just a problem that affects divorcing celebrities — it may also be problematic for other high-profile people, including professionals and wealthy individuals. When the details of divorce proceedings are publicly released, it can often damage the reputation and work lives of the parties involved for years to come, not to mention the impact on any…