When you're going through a divorce, it can seem to consume all of your time and take over your emotions. It's not unusual for people's mental and physical health to suffer. That's why experts recommend staying with a regular routine, even if it's a new one for you, during the divorce.
The issue of what to do with the family home is generally one of the largest financial considerations for divorcing couples, particularly if one spouse wants to continue living there. It may be virtually impossible for that spouse to afford the mortgage and upkeep alone.
We've all seen the television commercials that tell us that not enough Americans do adequate financial planning for their retirement years. Interestingly, a study by Fidelity Investments found that people are doing even less planning for retirement than they were just two years prior.
People go to a number of sources for advice and support during a divorce. This can include friends, family, therapists and support groups. The last of these is something that men turn to less frequently than women. It may be a stereotype, but there is some truth to the fact that men are generally less comfortable sharing their feelings than women are.
In some high asset divorces, one or both spouses may attempt to hide assets in order to avoid dividing them. That's the accusation by Gina DiSabatino, a Florida socialite who has been in divorce proceedings with her husband Frederic Bouin, an art dealer for two years. DiSabatino claims that her husband is hiding works of art by such masters as Picasso, Monet and Matisse.
When people think of professions with high divorce rates, dentistry doesn't generally come to mind. However, dentists do have a higher rate of marriage dissolution than people in many other professions. Several key reasons have been cited.
When you're going through a divorce, you'll be making a list of all of your assets. This will include real estate, cars, boats, home furnishings, bank accounts investments, retirement accounts, stock options and other assets related to your employment as well as anything else that you and your spouse may be dividing up.
We're all much smarter in hindsight, right? Unfortunately, when going through a divorce, mistakes can be costly. Whether they're made from lack of knowledge or emotions such as anger, too many people realize at some point that they should have done some things differently.