Since the 1990s, the divorce rate for people age 50 and older has doubled. Furthermore, second and subsequent marriages are even more likely to end in divorce for people in this age group. These older couples have several financial factors to consider before separating.
Picking out wedding rings and signing divorce documents may seem worlds apart to many New Jersey citizens, but high divorce rates are leading many to consider divorce planning right alongside wedding planning. While some consider it cynical, pragmatic couples who want to protect assets from divorce litigation see such planning as a type of insurance they plan on never using.
The end of a marriage can be an emotional experience for many New Jersey couples, and these emotions could spill over when they are trying to reach a settlement. However, it is important that people do not see negotiations or litigation as a way to get revenge for a number of reasons.
New Jersey couples may have a lot to deal with in the aftermath of a divorce. However, it is important to stay focused on what a divorce may do to how a person files his or her tax return. For those who finalized their divorce prior to the end of 2017, it may be necessary to file single. Those who did not finalize their divorce in 2017 may still choose to file a joint return.
There are several common myths about marriage that can be damaging to couples in New Jersey. For example, some people might believe that they possess personality flaws that will ruin the relationship. However, it is not personality flaws that are the issue but how the couple handles them that will affect the marriage.
Communication patterns between couples in New Jersey and around the country can predict the likelihood of divorce according to Dr. John Gottman, the author of "Why Marriages Succeed or Fail". His research involved observing thousands of couples engage in arguments in a laboratory setting. He identified the most toxic communication traits as criticism, defensiveness, stonewalling and contempt, with contempt being the most destructive to a relationship.
New Jersey couples who are ending their marriages might want some tips for smoothing the difficult legal road ahead in order to avoid some of the most common divorce traps. Many couples try to negotiate a settlement, but there are some things to look out for in this regard.
Couples in New Jersey and throughout the country may not want to get divorced during the holidays. This may be especially true if they have kids and want to spend one more Christmas as a single family unit. Those without children may also loathe the idea of spending the holidays by themselves. In some cases, people may be less likely to divorce during the holidays because the Christmas season inspires hope that a marriage can be salvaged.
The short-term financial effects of separation and divorce are obvious. Spouses must learn to pay their bills with less income and may have to make sacrifices to make ends meet. However, there are long-term effects divorcing couples in New Jersey may not consider as they plan to live their futures apart.
In many cases, divorce may eventually lead to bigger families. As people divorce and remarry, families might expand through the addition of stepchildren, stepsiblings and stepparents. A study carried out by researchers at the University of Massachusetts found that in households with an adult younger than 55 at the head, nearly a third have a stepparent. Around one-third of couples older than 55 who have adult children have a stepchild.