"Gray divorce" is a name often applied to the phenomenon of people 50 and older getting a divorce, and it has doubled since 1990. Older divorced adults in Washington may be more prone to health problems as a result of the chronic stress associated with divorce. Depression and anxiety can lead to insomnia, a weakened immune system, overeating and alcohol abuse. It can also worsen medical conditions such as high blood pressure, heart disease and diabetes.
When you approach the property division phase of your divorce, there will be significant assets to divide, such as the family residence, various vehicles, a boat or perhaps a vacation home in the mountains. However, if you and your spouse own a business, this asset will likely take the spotlight. How do you go about dividing a business you have built into a successful family enterprise?
A prenuptial agreement may be a good idea for some Washington couples, but they may be concerned about how their families will react or worry that having the prenup could affect the stability of their relationship. Although it may be difficult to talk about issues such as debt or bankruptcy, a prenup can actually help open the lines of communication.
Often, a great deal of focus is placed on divorce issues such as child support, custody or property division. Though these are all potentially complicated aspects of divorce which need to be dealt with carefully, there are many other challenges that people may have to work through during and after the process of divorce. For example, some people may feel a sense of loneliness after they split up with their spouse, for multiple reasons. Not only can it be difficult for some people to adjust to single life, but they may feel lonely for other reasons, such as missing their child following a custody dispute.
If there are issues in your marriage that cannot be resolved, you may be considering divorce—except you know that there is no going back. Divorce is final.
Divorce has become more common among people in many demographics in Washington, including older people. Marriage separation also hits certain families harder. For example, the daughters of divorced parents are 60 percent more likely to divorce while the sons of divorced parents are 35 percent more likely to end their marriages. Despite these alarming statistics, divorce rates in general have remained steady or even decreased in recent years.
In the digital era, there have been many changes when it comes to communication and accessing information. Social media, for example, has significantly changed the way in which many people stay in touch with loved ones and connect with strangers. Unfortunately, technology can also have some drawbacks. For example, people may carry out an affair over the internet and this could cause their spouse to decide to file for a divorce once they discover what their partner has been up to. Whether you have been accused of an online affair or your spouse has been cheating on you through an app, it is vital to approach your divorce properly.
In Washington state, women who are going through divorces often worry about whether they will be able to retire on time and what their financial situation might be afterwards. While women who divorce might not be as well off overall as women who remain married, a study published in June indicates that they are better off than women who have never married.
Couples considering divorce typically understand that this process can take some time and may impact many areas of their lives. Couples who have a child, for example, will need to consider custody arrangements. Couples with large numbers of assets will need to determine how they will separate those. It's important that couples who plan to separate understand that divorce also brings with it certain financial considerations that may impact the future of each person involved.
On this blog, we have looked into some legal issues involving child support payments and non-custodial parents, such as the consequences of falling behind. Now, we will approach this topic from a custodial parent's perspective. If you expect to have custody of your child after your divorce and are not sure how much child support you will be able to receive, you could be worried about your financial future. Or, maybe you have already split up with your spouse and your child's other parent is not making their payments on time, for whatever reason. It is crucial for parents in Washington to handle these matters correctly.
When people in Washington decide to end their marriage, the financial effects of divorce can be far more significant and long-lasting than the practical or emotional changes. This is one reason why divorce can often be a stressful time for people concerned about their finances. Many people may be unsure about how to handle issues with money moving forward into the future; by developing a plan, a divorcing spouse may feel more confident about their post-divorce financial outlook.