Kennedy Law Associates

Posts tagged "Divorce"

Tips for older couples who are divorcing

As people get older, their finances can get more complicated. For older couples in North Carolina who divorce, there are several potential complexities in the process of property division. One of these is calculating alimony. In addition to a salary, the individual who pays alimony may have additional income from an executive compensation package or stock options.

Older adults, divorce and health risks

North Carolina residents who are 50 and older and who get a divorce may face stress and health problems. Divorce is on the rise in this age group, and researchers have posited a number of reasons why this might be the case. One is that people are living longer and expect more from marriage. People are also more likely to marry for a second or third time, but those marriages are more vulnerable to ending.

Understanding finances before a divorce

For spouses in North Carolina who are going through a divorce, it can be important to get finances in order. If one spouse handles most of the family accounts, the separation process could be especially difficult for the other partner. It's often best to wait until after the necessary paperwork is obtained before bringing a divorce up. Otherwise, the more financially aware spouse could make it difficult to access the documents.

Protecting money and assets in a second marriage

Those who get married for a second or third time in North Carolina may have unique issues to account for. In many cases, those who are getting married again are older and have more assets to protect. Parents may also need to ensure that children receive their inheritance in the event that parents pass on or become incapacitated. Without proper planning, a surviving spouse may receive a deceased person's assets instead of the children.

Preparing for divorce in the summer months

People in North Carolina are more likely to divorce during the summer, according to experts. There are a number of reasons why this may be true, including the fact that children are out of school and transitions may be less complicated during this period. One study showed that August and March are traditionally high periods for divorce, especially after families spend more time together in the summer months or over the winter holidays. The new year can also spark new divorces along with resolutions.

Researchers say some wedding dates linked to divorce

Couples in North Carolina who choose the most convenient day for their wedding might fare better than those who insist on getting married only on a special date, such as Valentine's Day. A study by researchers in Australia found a correlation between some wedding dates and a higher possibility of divorce.

Reasons why teenagers can be especially difficult to raise

Parents in North Carolina and every other state know that it is hard to raise a teenager. This is because teens are going through an emotional and physical transition from childhood to adulthood. It is important for parents to remember that teens still need support and guidance even as they start to have a greater say in their own lives. For those who are divorced and attempting to raise a teenager, it is important to communicate effectively with the teen and the other parent.

Tax documents can help people prepare for divorce

Divorce can bring about major financial changes for people in North Carolina. In many marriages, one partner has a much higher level of control over and understanding of family finances than does the other. In most cases, the husband has greater control over finances, but this can vary from couple to couple. What this can mean is that the other party is disadvantaged when it comes time to file for divorce, especially if he or she knows little about the marital assets that would be divided as part of a settlement.

Divorce plays a role for couples with student loan debts

In Charlotte, a marital dispute over money may cause an outburst of negative emotions for any married couple. A recent study conducted by Student Loan Hero discovered that 33 percent of people contemplating divorce believed lack of money was the main culprit. One out of eight students who participated in the study blamed their student loan debts for the divorce proceedings. The problem with student loans is that they equal large amounts of money. With the average student loan exceeding $34,000, it is no wonder that divorce is a natural outcome.

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