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Annually, almost 700,000 Americans get divorced. Here Tori Dunlap gives great money advice and tips on how to recover financially after your marriage ends.
Getty Images Divorces can be financially devastating. Not only is the loss of a spouse's income detrimental to your fiscal health, but you also lose moral support, often retirement benefits, and ...
Divorce is a challenge at any time in life, but during midlife or later in what is known as "gray divorces," it poses entirely new problems related to finances, particularly if you've been saving ...
An uncontested divorce is a divorce decree that neither party is fighting. Over 40% of American children will experience parental divorce or separation during their childhood. [ 16 ] In a study of the effect of relocation after a divorce, researchers found that parents relocating far away from each other (with either both moving or one moving ...
Divorce is usually painful, messy and expensive in the short run. Ask Phil Collins, who recently paid out $47 million for his third divorce. But the financial pain of divorce doesn't always end ...
A common reason cited as grounds for divorce is one spouse's unwillingness to support the other financially even though he or she has the economic means to do so. [9] Part of the concept of marriage is its role of joining people; when two individuals marry, the sharing of resources is often one of many expected outcomes. [43]
A divorce settlement entails which spouse gets what property and what responsibilities once the marriage is over. "It deals with child custody and visitation, child support, alimony, health and life insurance, real estate, cars, household items, bank accounts, debts, investments, retirement plans and pensions, college tuition for children, and other items of value, such as frequent flyer miles ...
Legal separation is an intermediate category between marriage and divorce. With separation both parties remain married but establish separate financial, custody and property rights.