While fifty years ago less than 2.8 percent of Americans over age 50 were divorced, today more than 15 percent are. Even just since 1990 the divorce rate for adults ages 50 plus doubled and it nearly tripled for those ages 65 and older. However, the divorce rate is not equally divided and impacts certain demographics at a higher rate.
As couples with children start going through a divorce, most of the time they want nothing more than to focus on the children and make them the top priority. That can feel easier said than done when working with an ex-spouse.
Stashing a few hundred dollar bills away for a couples trip to your favorite Air BnB is not what you would consider “hiding assets.” A marriage is a partnership. The expectation between two people in that union is that they share everything. Well, unfortunately, that is not always the case. It is estimated that more than 15 million people are hiding credit cards, checking accounts or savings from their live-in partners according to a study done by Bankrate. The financial services company found that hiding assets can have the same devastating effect as being unfaithful to your partner.
A short-term marriage
Divorce is difficult for any couple, but it can be especially tricky for those who have been married a long time. The divorce rate for couples who are 50 and older has increased over the past two decades, and it’s important to know how these divorces could differ from younger marriages.
Of all the message boards and blog posts geared towards getting women prepared for divorce, very few identify or acknowledge the emotional pain men may endure. Perhaps the stereotype that men are supposed to be emotionless through trials may play a part in this.
When it comes to divorce, there is the good, the bad and the ugly. When it comes to social media, your posts can land you firmly in the last two categories.
On paper, divorce is the legal end to a marriage. However, when you look at the details of a divorce, you will find that it will touch many areas of your life that will outlast the legal process itself. According to PainDoctor.com, divorce is considered the second-most stressful event a person can go through in their lifetime, so it's important for you to seek the right help to potentially mitigate the adverse effects of the end of marriage.
You probably remember reading picture books as a young child. You may have had story time before bed. You read books about characters that solved problems. You watched as they struggled and learned life lessons. While you read about these characters, you ultimately saw yourself. You used these characters to learn your own lessons. You may have channeled their strength to take on your own struggles.
Your divorce was finalized a while back – alimony and child support payments were calculated based on your salary and ability to pay. But circumstances have changed, and you cannot afford the payments you used to make. Are you legally required to carry out these high payments?