One thing many divorcing couples think long and hard about after how a divorce will affect their children is how a divorce will affect their finances. Will they be able to pay all of their expenses?
A recent study found that nontraditional roles in the home increased the chance of divorce. One newspaper asked several people why they thought this was. The answers were interesting.
Our previous blog post discussed some of the signs that you might be heading toward a divorce. While this might seem like a scary time, there is one way that you can help to reduce the stress that you are feeling. You can learn about the divorce process and how various factors will affect your divorce.
It's over. Your divorce is finally final. You may have mixed feelings about it, but that shouldn't stop you from making smart decisions where your finances are concerned. Here is a financial checklist to consider once your divorce is final:
When people get remarried later in life, there are generally more assets involved. First marriages often involve young couples who may struggle to pay basic bills. Second or third marriages often involve at least one person who has significant assets, such as stocks, real estate, pensions or even just a large amount of cash.
How far would you go to catch a cheating spouse? Read through their texts? Install a GPS tracker on their vehicle? Hire a private investigator?
Pennsylvania's Governor Wolf recently signed legislation that will streamline the divorce process in the state. Luzerne County Rep. Tarah Toohil sponsored Act 102, which reduces the length of time to obtain no-fault divorces from two years to one.
Are you seeking spousal support amid your divorce? If so, there are three types of spousal support/alimony awarded in Pennsylvania. Spousal support or alimony is a payment made each month from one spouse to the other after a divorce. It's role is to correct unfair economic effects. There is no one formula for determining how much alimony should be expected, but the type of spousal support that is awarded will play a role in this determination.
As more and more people are divorcing in the latter decades of their lives, Social Security benefits for divorced spouses are becoming an increasing popular topic of discussion. Many people don't even realize that they may be entitled to these benefits.