The overall divorce rate has trended down in recent decades. The notable exception is couples who are 55 years old and up, whose numbers continue to increase. This phenomenon is generally known as "grey divorce." Because of the spouses' age, some unique challenges...
Filing for divorce and bankruptcy takes strategic planning
Disagreements over finances are one of the most common reasons for a couple to file for divorce. Sometimes the bitter conflicts involve reckless spending, while at other times, it is mounting credit card debt. Each couple’s circumstances will be different, but these...
The right parenting plan balances kids and career
Divorce impacts every part of a parent’s life. This includes such essential but often competing priorities as children and career. It can mean that dad is now more hands-on by picking up the kids after school or ferrying them to sports or music lessons. For mom, it...
Can social media impact my divorce?
Preparing for divorce requires a sharp focus to protect your best interests. In a divorce, anything you say or do can affect the outcome, and the same is true for your spouse. When a court scrutinizes the actions of both spouses, how can social media affect the...
Newly divorced homeowners may find it helpful to refinance their mortgage
Some newly divorced people find themselves handling their finances for the first time in years. They also may be looking at how to stretch paychecks to cover the expense of running a second residence now that the marriage is over. If one spouse chooses to remain in...
Alimony: the way to a fresh start
It might be impossible to list all the reasons people get divorced. Some can be rather calm and civil – people realizing they just do not fit well anymore. In other situations, divorce might get ugly. Feeling hurt or angry, it is understandable why the last thing you...
Understanding divorce and property division
Although divorce is not a right legally or constitutionally, courts warrant it because it best serves public policy. Consequently, it is the legitimate way couples can formally dissolve marriages. When a divorce occurs, the question of what constitutes marital...
How should you divide assets in a divorce?
When you and your spouse separate, it is necessary to uphold fairness in property division. Both of you have to sit and agree on a workable plan to help you divide the marital property equitably. However, even after agreeing, a judge has to issue final orders before...
Dividing up a 401K in a divorce
One typically goes into divorce proceedings in Spring Hill understanding that they will be required to divide many of their personal assets with their soon-to-be ex-spouse. Yet one asset they may not yet be prepared to part with is a portion of their 401K. Many people...
Updating your will after your divorce
If you have been listening to estate planning experts, then you are likely already engaged in the process of determining the dispersal of your assets to your beneficiaries once you are gone. Part of that planning includes creating a will, and if you have already done...
