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divorce Archives

Many things about divorce can impact retirement

It is a worry many have: Will I have enough to retire? A recent study indicates that many Americans may be in a precarious position when it comes to their future retirement. According to this research, in 2016, about 50 percent of working-age American households were at risk of not having enough to maintain their present standard of living when they retire.

Divorce and preserving goals for helping children with college

One thing that may matter greatly for you as a parent is making sure your child will one day be able to get a high-quality college education. Given this, you may have been planning for quite some time on how to best financially support your child's college dreams. However, now something has happened that has left you wondering about the future of these plans: You are getting divorced.

Thoughts on the best time to file for divorce

The choice to end a marriage can be a life-changing decision that, like getting married, can have critical legal and personal implications. Because of this, choosing to divorce should not be taken lightly. While there are several instances where a divorce should not be initiated (i.e. before a family gathering, during a holiday) few people discuss the ideal times to start one.

Electronic security after a divorce

When going their separate ways during a divorce or after the breakup of a long-term relationship, most parties will take tangible items such as clothes, furniture and vehicles. These possessions usually come with a sense of power and emotional well-being that help them end one chapter of their lives and begin a new one. However, they may not consider how important untangling their electronic relationship may be as they divorce.

Thoughts on couples therapy before divorce

Suggestions to enroll in couples therapy can be met with mixed emotions. On the one hand, having a neutral third party to help resolve situations is inherently good for a marriage. On the other hand, there is a belief that therapy sessions are simply the precursor to a divorce. This begs the question of whether couples therapy leads more people to end their marriages and whether therapists actually advise troubled couples to divorce.

Tax questions to answer before accepting a settlement

Despite what you may feel about how your divorce is going, settlements are very common. In fact, only a small percentage of contested divorces actually go to trial. However, before any settlement offer is accepted (or rejected), it is critical to understand whether such a compromise will make financial sense.

Can I protect my business in a divorce?

It is not uncommon for entrepreneurs to refer to a business venture as "their baby." After all, they may have nurtured it from birth, putting in long hours and spending nights tending to it as if it were an infant who was totally dependent on its parents. As the business grew, the entrepreneur became proud of its accomplishments and even entrusted its growth to other people. Suffice it to say, the relationship between an entrepreneur and a business may become more important than the entrepreneur's marriage.

What should I expect in discovery?

It almost goes without saying that divorces can be contentious. The emotions of a marriage gone bad can spill into the proceedings and make even routine exercises seem vindictive. When it comes to the process of discovery, emotionally wounded parties can take things very personally. This is probably why discovery is arguably one of the most contentious parts of a divorce.

Thoughts on divorce after a long-term marriage

If you are going through a divorce after a long-term marriage, you may feel sad, lonely and afraid. You may feel like you’ve wasted half of your life on a relationship that is no longer there, and your married friends may suddenly shun you because they don’t want their marriages threatened by you, as if divorce is a communicable disease.

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