You and your ex got divorced a few months ago and share custody of your child. Now, that child's birthday is fast approaching. What should you do? Do you both want to have individual parties, or is a shared birthday party the best option?
Divorce rates for people over 50 have doubled in the last three decades, and that's bad news -- primarily because divorce has some seriously negative effects on seniors.
There are a lot of issues to think about when you and your spouse break up. One core topic on your mind should be your credit score. Shared credit is a breeding ground for financial woes when splitting up with your spouse.
If you are over 50 and about to end your marriage, you and your spouse will likely face situations that would not have affected you in your younger years.
As a small business owner, a divorce is probably one of the last things you wanted to have to deal with. You want to protect your business in divorce, but you know that having the business during your marriage means that your spouse is likely able to seek a portion of your business even if they weren't involved.
As you begin to tackle your high-asset divorce, you'll turn most of your attention to taking steps that allow you to secure as much property as possible. While compromise and negotiation are a must, the right strategy puts you in position for success.
Child custody cases are often challenging to work through. Since you and your ex aren't getting along very well due to the divorce, it might be hard to come up with resolutions the matters in the custody case. As you are working through this, you must remember to keep your children's interests first.
Some couples stave off divorce for the sake of the kids. But when couples co-own businesses together, making the decision to split can be just as emotionally fraught because they are economically yoked to the same income stream.
Nobody wants to air all their dirty laundry in public -- and that's especially true when you have significant wealth to your name and belong to an elite social circle. Yet, keeping your private life actually private may not be the first thing on your mind when you're going through a divorce.
Building a business and maintaining a marriage are actually similar in many ways; both require the investment of time and effort, but both are vulnerable to changing circumstances and misfortune. If you have established a successful enterprise during your marriage, you may be worried that a divorce could end your business, too. While divorce does impact finances, you can manage this by protecting assets.
There are some marital assets that are easier to forget about than others. For instance, you might not think much about digital assets that you don't access regularly, like stocks you manage online or even savings accounts you don't regularly access.
When you've stayed at home to raise your family and keep the house running smoothly, you don't expect that you are going to have to head back into the workforce to support yourself. If you go through a divorce, this might be one of the difficult things that you have to do.
With the school year in full swing, there could come a point when the co-parenting decisions you make significantly impact your child in some way. With the right plan in place, both you and the other parent can work together to ensure that your child has the best chance of achieving success in the classroom.