Posts tagged "Divorce"

Women, gray divorce and poverty

Most people in New Jersey know someone who has gotten divorced and struggled to get back on their feet financially. Some people have an easier time doing this than others and there may be many factors that contribute to this. One of these factors may be age. Gray divorce, the term used to describe a divorce when the couple is in their 50s or later, can be especially hard on people financially as they have fewer years left to recoup any losses as they will not work as long as someone in their 30s or 40s. 

Protecting money in a divorce not always simple

People in New Jersey who are getting divorced or who are contemplating a divorce may understandably worry about their financial futures. The process of splitting a marital estate can leave both spouses with less money for retirement as well as less money on which to live every month, even though New Jersey is not a community property state.

Divorce and your health

People in New Jersey who make the choice to separate from or divorce their spouse know that they will have many new concerns to contend with and decisions to make. In the midst of navigating complex negotiations about asset and debt division, child support, parenting time schedules and more, divorcing spouses should also take the time to focus on their health. There is a body of research that indicates a person's physical and emotional health is subject to a dip during this time, and perhaps even after.

Can you withdraw your share of your ex-spouse's 401k?

Divorce can bring with a great deal of uncertainty. You may have no idea where you will live in Florham Park or how you will be able to support yourself. Alimony may be an option (especially if you were not the primary income earner in your marital home), yet such a benefit is not awarded automatically. Plus, monthly alimony payments may not be able to help you if you need immediate funds to put down on a house or apartment, or pay to go back to school or receive vocational training. 

Income, gender and divorce trends

Many people in New Jersey who get divorced or know someone who gets divorced may often wonder what type of factors contribute to a successful or a non-successful marriage. There may be no single, definitive answer to that but there are different surveys and research outcomes that provide some interesting insights about divorce trends.

Statistics show divorce and marriage rates may be down

Many people who live in New Jersey may well have heard people spout off about the high rate of failure among marriages today. There can be a lot of reasons that such claims are made or believed but it is useful to look at some actual data to confirm or deny these assertions. Some research actually seems to indicate that the divorce rate in America is not as high as many people might claim or think.

Can a prenuptial agreement strengthen a marriage?

As you plan for your wedding in New Jersey, you should also think about crafting and signing a prenuptial agreement. A prenup is a contract that you and your spouse enter into before the marriage to make decisions about what happens in the event of a divorce. There are limitations involved in crafting such an agreement; it cannot address issues related to child support or parental responsibility, for example. Most commonly, a prenuptial agreement includes provisions for the division of assets and spousal support in the event of a divorce. 

How do you choose a divorce mediator?

At some point during the process of your divorce in New Jersey, you and your spouse will have to engage the services of a divorce mediator. This is because state law mandates mediation for child custody and economic issues. However, mediation can benefit you in other aspects of your divorce. In fact, according to the Huffington Post, divorce mediation can save you stress both emotionally and financially as opposed to litigating your divorce case in court. 

Gray divorce, health and finances

Divorce is not generally one of the things that people in New Jersey want to focus on during the holiday season but it does often end up being something that rears its head during the stress of this time of year. For people who are over the age of 50 and who are considering a divorce, it is important to understand the many ways that this experience might impact their lives.

How can divorce psychologically affect fathers?

Most of the time, men are expected to be strong and stoic, even during the worst of times. American society usually expects men to not be very emotional. Men in New Jersey and elsewhere who are divorcing might be told to “suck it up” during one of the worst times of their lives. It can be especially bad for fathers, who might not have as much time with their children as they are used to.

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