You have probably heard that gray divorce -- people who are 50 and older getting a divorce -- is on the rise. The reason given is often that it's a fairly new phenomenon, so the rate is increasing when other age groups have seen their rates level off. But is this true?
If you're getting divorced, you need to carefully consider all of the assets to which you have a right. One of the assets that is easiest to forget and yet potentially very valuable is your ex's pension or work-sponsored retirement fund.
Sometimes on TV and in the movies we see estranged spouses refusing to respond to divorce filings, arguing about their future or threatening to never let their spouse see the kids again. Yes, these high-tension divorce cases do happen, but don't assume it has to be that way. Your divorce can be a much more peaceful affair.
How many people do you know who have gotten divorced? Are you thinking about getting a divorce yourself? During this process, you may have wondered where your state ranks in terms of divorce rate in the United States.
Going through a divorce in North Carolina can be a highly emotional process. When spouses decide to end their marriage, they may have a difficult time agreeing on almost anything. They might find themselves frequently arguing, and it could seem like there is no alternative to an extended trial in family court to manage the divorce. However, these couples should consider the ramifications of going to trial.
Figures from the Social Security Administration reveal that about one in five married couples in North Carolina and around the country will rely on their Social Security benefits to cover at least 90% of their retirement expenses. Older spouses who are unhappy in their marriages may feel that divorce is not practical because losing their husband or wife's Social Security benefits would leave them financially vulnerable, but the SSA has rules in place that allow divorcees to receive payments based on their former spouse's contributions.
When parents divorce in North Carolina, they may struggle afterwards to maintain a functioning co-parenting relationship. However, it can be important to the well-being of their children that they do so.
Divorce is one of the most stressful, anxiety-producing situations a person can go through in North Carolina, and most couples seek to avoid it for as long as they can. It can be difficult to know if divorce is the right decision, especially given the weight of the emotions involved. For people who are considering divorce but are not sure about it, there are some telltale signs that divorce is on the way. Among them are not eating meals together, living separate lives, experiencing addiction and not having sex regularly.
The question of why some marriages fail where others succeed is an important one for any North Carolina couple on the way to the altar. Prevailing wisdom has it that marriages always start off optimistically with high energy that wanes over time into stability and ease. In short, marriage is often seen as a path to a place couples are not enthusiastic about being once they get there. One Forbes contributor takes a closer look at the myth through the lens of a study found in Social Psychology and Personality Science.
When middle-aged or older people in North Carolina decide to divorce, they likely have accumulated significant marital assets. To negotiate an equitable division of marital property and possibly calculate child or spousal support, both parties must identify all marital assets and income. Retirement accounts, inheritances, life insurance policies and future Social Security benefits all enter the equation when determining the final terms of the divorce.