Each year, some 1.2 million American couples file for divorce. If your retirement is nearing, then you might wonder what will become of your hard-earned pension and Social Security (SS) in all of this.
If you've been ordered to pay your ex alimony, then you may feel as if your obligation to pay is never going to end. This may especially be the case if you find yourself incapacitated by illness, newly remarried or unemployed.
A surprising number of married couples lack a prenuptial agreement. However, it does seem as though the gap is closing. In fact, a report from CNBC shows Millennials are more likely to obtain prenups than previous generations.
Divorces not only take a mental toll on spouses, but can take a financial one as well. This is especially the case when the spouses share high value assets like homes, pensions or investment accounts. If you're not cautious in dividing up these types of assets, it's possible that you may either lose valuable assets or not gain rightful access to ones you deserve.
Once a marriage has run its course, it's not all that uncommon for spouses to become less patient with one another than they once were. As a husband or wife starts to see money, time with the kids, the house, or some other assets slipping through the cracks, things can quickly become contentious between the two.