You've probably heard a line to a famous song sung many times before — "breaking up is hard to do." When writing those lyrics, the songwriter was most likely referring to the emotional baggage that comes with leaving a boyfriend or girlfriend behind. It's unlikely that they referring to the financial burdens that come with splitting assets when couples divorce.
Custody X Change recently conducted a study aimed at determining which states offer dads the best chance of acquiring shared custody post-divorce. Its researchers found that Florida is one of few states where fathers routinely are awarded 50 percent custody. Other states that offer dads the best chance of acquiring shared parenting time include Delaware, Massachusetts, Nevada and Colorado.
Divorce is a difficult time, even if you and your spouse are in relative agreement about the separation. Conflict is common in many divorces, but it does not have to be that way.
A new tax code, that's known as the Tax Cuts and Jobs Act, is slated to go into effect on Dec. 31, 2018, that will greatly impact divorcing spouses' finances.
Back decades ago, infidelity could definitely have impacted who ended up with the marital assets, who receive alimony or who got custody of the kids in a divorce. When it comes to how it impacts child custody matters nowadays, though, a parent's cheating doesn't have the same direct effect on a judge's decision-making that it may have had before.
Negotiating a divorce settlement via mediation is a desirable option for many. High-profile couples tend to prefer to try to settle their divorces via mediation in order to keep their personal affairs, including finances and custody arrangements, private. Others tend to pursue mediation because they have a lot of assets to sort though or because they've heard that it makes a divorce a lot less stressful on the kids.