Over the years, studies have found that the divorce rate in the United States has been dropping dramatically. While people often like to trot out the old "half of all marriages end in divorce," the reality is that some states show divorce rates as low as 20 percent, or one out of five. Iowa and Hawaii are two prime examples.
When people say that abuse is one of the main reasons for divorce, they're correct, but they should specify exactly what type of abuse they mean. It can look very different in different situations. For instance, people could suffer from physical abuse, emotional abuse or financial abuse.
You're 19 years old. You just finished your first year of college. You and your significant other decide that you want to get married. You're in love, you feel committed to the relationship, and you're eager to start this next stage in your life.
Once the divorce process is in motion, you'll feel as if you're being pulled in many different directions. For instance, you're worried about your children one second but have to create a property and debt division checklist the next.
It's a difficult conversation, but one that you have to have. The sooner you tell your children about your divorce the sooner you can move on with the process itself. Furthermore, this allows you to better help your children through this difficult time.
The stress of asking for a divorce may be reason enough for you to reconsider. However, if you realize this is the best thing for you, nothing should stop you from taking action.
During the course of your marriage, you may inherit certain assets or property from loved ones, either after they pass away or while they are still alive. Although in most states these inherited items are considered the separate property of the individual who received them, Connecticut is one of a handful of states that generally considers them shared assets. This means that inheritances are likely to be factored into the division of marital property if you are seeking a divorce from your spouse.
In what has been one of the most expensive divorce settlements of all time, the wife of oil baron Harold Hamm received nearly $1 billion in a court ruling issued in early November. However, Sue Ann Hamm's attorney says she will appeal this amount, as it represents only about 6 percent of the fortune she and her husband, Harold Hamm, have amassed over the course of their 26-year marriage.
One of the most significant challenges divorced parents face is figuring how they can maintain consistent discipline and expectations for their children, especially if the kids split time between the two parents' homes. It's common for disputes to arise, for example, when one parent has different standards than the other.
Going through a divorce can be an expensive process, especially if there are high-value assets involved or significant tension between you and your former partner. However, even when a divorce is headed toward an amicable settlement, it can be very difficult to divide marital property, financial assets, debts and items of value as you plan for a life without your spouse.