Some older people entering a second marriage in North Carolina might want to consider getting a prenuptial agreement. While this may not be necessary for people in their 20s who are going into a first marriage, people in their 50s and older likely have much more complicated lives and assets.
Divorce can disrupt college payment plans
When parents in North Carolina divorce, the decision to end their marriage can have a significant effect on their finances. One of the biggest financial expenditures that can accompany raising children is college or university tuition, especially with the rising cost of college education in the United States. According to the College Board, tuition goes up by around 3 percent every year, leading to a substantial increase over time. The numbers tell the story: it costs over $46,000 each year on average to attend a private four-year university and over $20,000 annually for a public university.
Study finds infidelity, substance abuse among divorce factors
A lack of family support, differences over religion and infidelity are all factors that may lead to North Carolina couples ending their marriages. However, commitment was most frequently named as the factor that contributed to divorce in a survey of 52 people.
The growing popularity of divorce over 50
North Carolina is no exception to the nationwide trend: an increasing number of couples are choosing to divorce later in life. Indeed, over the past 25 years, the rate of divorce for Americans over 50 has grown by more than 100 percent. This change has come even as other age groups have seen their divorce rates fall or remain steady. Indeed, 25 percent of all divorcing Americans are age 50 or over, while that number was less than 10 percent in 1990. While older couples who remarry are more likely to divorce, over half of all of these "gray divorces" involve people married for more than 20 years.
How a prenup may help student couples
North Carolina students who are getting married might want to consider a prenuptial agreement. While couples rarely want to think about the possibility of divorce while they are planning a wedding and students might think they have too few assets to make a prenup worthwhile, there are several advantages of these agreements for students.
New tax laws may affect one's finances after a divorce
North Carolina residents who are filing for divorce may be affected by tax law changes that go into effect on Jan. 1, 2019. These reforms will affect how alimony payments are taxed for newly divorced couples.
The role of a divorce coach
People in North Carolina may think of a coach as someone who helps an athlete, or they may be familiar with the concept of a life coach. Now, there are also divorce coaches who can help spouses through the difficult process of separation.
Can nesting work for divorcing parents in North Carolina?
Emotions can run high and co-parenting can be a challenge when a couple is divorcing. Parents certainly want the best for their children, including protecting them from stressful situations. Some parents have found that nesting is an answer to their predicament of who will live where and with which parent shortly after divorce. In nesting, the kids stay put in the family home, and the parents swap separate living spaces back and forth according to an agreed-upon schedule.
Financial guidelines when going through a divorce
When North Carolina couples consider ending their unhappy marriages, they may be concerned about the financial ramifications. In fact, divorce can be quite costly, and the effects can linger long after the personal and emotional problems have been resolved. However, by keeping some tips in mind, people can help to avoid making mistakes that could lead to longer-term problems.
Divorce and living together before marriage
North Carolina couples may be interested in a recent study indicating that couples who decide to cohabitate before getting married have a higher chance of getting a divorce. The study examines the premarital cohabitation effect, a topic that has been the subject of research by social scientists for many years; it is considered to be a real phenomenon in that two people who reside together before marriage tend to have more complications during marriage.
