It's common for a family to enter into a fight upon the death of the father or mother, or both. This often occurs when there is no estate plan in place or when the estate plan is not effective. Family fighting after the death of a loved one is never easy. Most fights are over the inheritance left behind to the adult children because they feel it's not fair. Here's how you can use an estate plan to avoid fighting.
Going through a divorce is never easy, even if you and your spouse knew this day was coming. Divorce is difficult for couples of all ages and lengths of marriage, and it is especially hard on children. Divorce can also have a ripple effect on your credit score. The physical act of divorce will not hurt or improve your credit score, but all of the financial implications from divorce can negatively impact your credit.
Divorce is going to impact your kids no matter how old they are when it happens. It changes their lives. Whether you have a newborn or a high school senior who is about to leave for college, they have to deal with these changes.
Do you find yourself wondering why so many marriages end in divorce? You understand that there are specific reasons in many cases, such as abuse, alcohol addiction, etc, but you also see a general trend of relationships just not working out. Why do people find it hard to maintain that connection?
Your divorce taught you a lot about your finances. Maybe you split up because of financial problems; money is a common reason that couples cite when asked. Maybe you just found out more about dividing up assets and what financial red flags to watch out for. Maybe you had look at your finances in a brand-new way once you were on your own.
Thinking of ending your marriage? Reading the divorce papers that your spouse just handed you?
When you are facing divorce, you need to be conscious of your financial decisions. After all, you and your spouse will soon need to split up your assets and your income and costs will both change after you finalize the split.
If you are used to living on two incomes because you're married, getting divorced is going to reduce your household earnings. You'll have to learn how to live off of one income. But just how dire may things get? Could the divorce have a seriously negative financial impact?
Millennials do not get divorced as often as baby boomers, and the divorce rate in the United States has been dropping. One report claimed that it fell a full 18 percent between just 2008 and 2016. Why is this happening?
When trust breaks down in a marriage, the marriage itself often follows soon after. Trust is a crucial component of a successful relationship, and it is often impossible to build back up when it is gone. The event that took it away will always be there, no matter what either one of you says.