Divorce is rarely easy. In fact, it can have a tremendous impact on an individual's physical, emotional, and financial well-being. This may be especially true for those who are over the age of 50 and going through what has been termed "a gray divorce." According to some reports, these individuals suffer increased rates of depression and high blood pressure. But there finances typically take a hit, too.
The marriage dissolution process is about much more than the untangling of two individuals' emotional lives that have become entwined over time. Although many Floridians do struggle to cope with the emotions that oftentimes accompany divorce, these individuals should not lose focus on the financial realities at stake. After all, the outcome of important legal issues like property division and spousal support can dictate one's financial standing for years, even decades, to come.
Parents in Florida can go through a lot to reach a child custody and visitation arrangement that they feel meets their child's needs. While some of these issues can be hashed out during negotiations, sometimes they require litigation. Unlike other divorce legal issues, though, child custody disputes can arise a long time after they were initially settled. When one parent fails to abide by a court order regarding child custody and visitation, then child abduction may have occurred.
When most people think about the divorce process, they think about litigation. They picture both spouses and their attorneys standing in front of a judge, who will ultimately decide which outcomes are fair.
According to recent reports, Millennials are spurring a decline in divorce rates. Some of this is attributable to their willingness to hold off on marriage until they are financially secure. To do this, delay tying the knot until they have secured a decent job or found their footing in a career of their choosing. These individuals tend to be more cautious in their money management, too, particularly as it pertains bank accounts.