It is well-known that money is one of the biggest causes of divorce. However, when we talk about divorce, we rarely talk about the specific financial problems that lead to divorce. A recent article in The Wall Street Journal examined the financial secrets many individuals keep from their spouses and the impact those can have on marriages.
As discussed in the previous post, divorcing couples should consider how the decisions they make today will impact their future financial security. In the last post, we discussed three areas that divorcing parties must understand: division of property, the definition of property, and assets. In this post we will present three more areas that should not be overlooked.
If the quote "marriage is all about love and divorce is all about money" is true then it is important for those facing divorce to plan accordingly. Without proper planning with regards to financial decisions during a divorce, people may put their financial futures at risk.
We live in an age in which divorce is an ever-common occurrence. However, with the end of marriage, many individuals also develop a sense of entitlement - an expectation that an ex spouse will continue to support them financially. Alimony (also called spousal support) is a financial payment that may be awarded to one spouse to help him or her maintain the style of living to which he or she has is accustomed to.
The man made famous for his hit songs and albums familiar in households across American has decided to call it quits with his model wife of several years. John Mellencamp and Elaine Irwin announced this past September that they would be living apart during a trial separation. The couple announced the news during the same month as their 18-year wedding anniversary.
When most people hear the term "infidelity," they think about physical, sexual cheating, but according to a Harris Interactive online survey of adults, financial infidelity is becoming a serious issue in many relationships.
Christina Milian, the famous singer and recent divorcee has remained quiet about her marriage and her high-asset divorce from Tarius Nash, commonly referred to as "The Dream." The young star opened up this week in an interview with Latina magazine where she shared with her fans that the Georgia divorce made her feel "brand new."
We hear so often that soldiers put their lives on the line to protect the interests of the citizens of the United States, but what really is the definition of "putting their lives on the line?" Are we talking just their physical wellbeing or are we talking about something much, much more. If you ask a military spouse, they might say that their family life is the one that hurts the most. The military divorce rate has steadily increased since 2001 and has risen higher than the civilian divorce rate.
In prior posts, we've mentioned new and innovative ways that entrepreneurs are creating to help fund a divorce. The idea for divorce insurance was modeled after the numerous other kinds of insurance offered to people. While divorce insurance would require prior planning, a former spouse has figured out a way to help those who may not have planned ahead.
Divorce can be stressful for children as their lives begin to dramatically change from what they were before their parents decided to separate. The holidays can be an exceptionally difficult time because they are often focused around family traditions and rituals. When one parent is suddenly missing from the festivities, it can be an emotional time for children of divorce.