Many of us are conditioned to believe that money has the potential of resolving our problems. However, researchers with the American Academy of Matrimonial Lawyers have concluded that divorce rates increase when the economy is doing well and the more money that a couple makes.
A new study published by the Center for Retirement Research confirms what many financial analysts have long suspected. Divorce has a way of adversely impacting an individual's current and future financial situation. The researchers working on this latest study determined that it's unlikely that many spouses who divorce moving forward will be able to continue to fund their current standard of living once they retire.
When you and your ex decide to divorce, you're required to divide up marital assets. Each item must be appraised and assigned a valuation date before you do so. While the process involved in assigning a monetary value to your property may seem pretty straightforward, it's often not the case.
A study conducted by TD Ameritrade in 2017 highlighted how 40 percent of all marriages end in a divorce and how at least 25 percent of all seniors age 65 and older are widowed. If you're wondering what one statistic has to do with the other, it's that at least 66 percent of those belonging to both groups admitted to not having a contingency financial plan in place if one of these life-altering events occurred.
If the average American were asked what the leading cause of relationship problems was in the United States, they'd likely admit that it has to do with financial discussions. What many likely wouldn't know is what researchers at SunTrust Bank found out. They determined that one in eight marriages end over student loans.
The Center for Retirement Research at Boston College released a report late last month. Its researchers concluded that it's becoming increasingly difficult for divorcing spouses to maintain their retirement accounts.
Let's face it — there's a big difference in how an average couple's divorce is handled in comparison with a high-profile celebrity divorce.
When it comes to divorce, some husbands and wives will go to great lengths to hide their assets from their spouse in hopes of avoiding having to turn over their hard-earned assets. While it's illegal for someone to take and hide money or belongings when a divorce is imminent, many spouses do it anyways, hoping to never get caught.
When couples have been married for some time, remembering which spouse brought certain possessions into the marriage may be difficult to do. Determining which spouse's salary went toward buying one item versus another may also be difficult to do.
Some legal experts are suggesting that a concept known as an "anonymous divorce" may be fast becoming the desired method for high-profile couples to end their marriages.