Divorce comes at a price. There is the emotional toll of the couple whose marriage falls apart, which can leave feelings on a spectrum from anger, frustration, and sadness to relief and even JOY. There are also the legal and financial issues to consider as the once-romantic partnership is dissolved and the estate is divided. Ideally, the couple can see eye-to-eye or negotiate their way to a fair and equitable settlement, but sometimes that is not possible. If that is the case, it can end up costing couples even more money.
The to-do list for divorce includes an endless number of details. Some items are issues that must immediately be dealt with, such as family plans and support. However, financial experts say that there are other important issues that are easy to put off, but these are still important to the well-being of your estate and your family.
According to a new study in the Journal of Family Studies, the children of parents who divorce are less likely to get baccalaureate or professional degrees than children whose parents are married. This is bad news for the 1.5 million kids whose parents divorce each year. It is also bad news for the U.S. economy, which increasingly needs employees with at least a college degree.
There are men and women who are not good with money and others who just do not want to think about it. Yet the gender pool involving investing and financial matters is far from balanced. According to a new study, men are still much more likely to handle an asset portfolio even when women handle the checkbook and the day-to-day payment of bills and expenses.
Much has been said and written about the stresses of getting divorced. There is the emotional duress one suffers as well as the financial hardships that may be part of the new reality. However, studies now find that those who divorce, particularly women, have more health issues than those who are still married.
A generation ago, if your fiancé broached the subject of a prenuptial agreement, it was tantamount to a slap in the face. There was a commonly held notion that people used such agreements as a way of securing their assets if they didn't expect the marriage to last forever or if they didn't entirely trust their fiancé's motives for marriage.
Many people like a good party. But according to new study, flashy weddings may be a tip that the relationship isn't built for the long haul. The marketing firm Splendid Insights, which focuses on the wedding industry, claims that their recent study indicates that couples who spend more than $30,000 were more worried about impressing their guests than a couple with under a $10,000 budget.
Prenuptial agreements are a common document for many couples that are preparing to marry. Prenups can protect your assets if you and your spouse decide to go your separate ways. They are very useful when it comes to the property division process of a divorce.
You and your second spouse have tried everything possible to make your marriage work, but you have decided to file for divorce. Both of you are significantly older than you were at the time of your first marriages. Years of hard work and saving have paid off, and you have greater assets than you did in your first marriage. The previous divorce took a major toll on your finances, and you are wondering how to protect your assets the second time around.
Dividing property in a divorce is never easy, especially when the divorce is contentious. There are many ways that people go about dispersing their property, but one Texas woman may have found a totally new method of destroying her own separate property. The Houston resident decided to get rid of her ex-husband's property by holding a massive garage sale.