One thing that has been growing in popularity among married couples in today’s world is maintaining separate finances. A Bank of America survey suggests that over a fourth (28 percent) of millennials go this route after they wed.
Property is not the only thing of great financial impact that is divided in divorce. Responsibility for paying the debts a married couple has acquired can also end up being split.
Many engaged individuals come from very different backgrounds from one another. There are a range of ways that people address these differences as they get married.
Prenuptial agreements, also known as marital agreements, are on the rise in the United States. Why? More millennial couples are creating prenups before they get married, according to the American Academy of Matrimonial Lawyers.
One of the special concerns for seniors when ending a marriage is how the divorce will affect their retirement. When coming up with a strategy for protecting one’s goals in a gray divorce, it is important to understand what impacts a divorce would have on the income streams one might rely on during retirement.
Some spouses share an entrepreneurial spirit and decide to start a business together. There are many things it can be important to talk about and plan for when going this route with your spouse. This includes what will happen if things don't work out.
The divorce rate continues to increase among older couples. Commonly referred to as "gray divorce," Pew Research shows a 109 percent increase in the divorce rate among couples age 50 and older in the United States.
There are certain things people may be hesitant to talk about after a divorce. A recent survey suggests this often includes financial matters.
There are many things it is important to protect during a divorce and its aftermath. This includes your credit. Today we'll go over some divorce-related matters that can endanger your credit score, and what steps can be taken in response to these risks.
Remarrying often happens later in life, when people have accumulated more assets, are closer to retirement and may already have a family they are supporting. This can have major impacts on what their priorities are and what they wish to protect.