Divorce can happen to anyone, but it impacts some people more than others, especially with regard to finances. Many women feel the effects of divorce the hardest, since they often spend their marriages raising children and taking care of the home rather than working outside of it. They may not feel confident in handling their own finances when they consider getting a divorce. However, experts have tips for women in New Jersey and all over the country who are considering divorce that can help them navigate their new financial circumstances.
Though most couples who marry fully intend to stay that way, many will end up in divorce court. Some of them might wonder if there was any way to predict the outcome of their marriage. One recent study suggests an interesting potential correlation between how much money couples spend on their wedding and their likelihood to consider getting a divorce. New Jersey residents may find the study and all of its reporting to be an interesting look at how people manage money when it comes to their wedding.
When people in New Jersey decide to divorce, they probably understand that certain assets may be divided by the court. However, it can be tricky to determine exactly what assets are affected, depending on several factors, including when the divorce is finalized. One man found this fact out the hard way when a judge ruled that he had to split his multi-million dollar lottery winnings with his ex-wife.
Families of all kinds experience divorce. It happens to people in New Jersey regardless of age, race or socioeconomic status. However, there are certain factors that can make it more likely that a marriage will not last. One of the things that can increase the chance of divorce is whether each spouse's parents were also divorced. Though experts have always suspected a connection between a parent's divorce and the adult child's, there is now scientific research to back this claim.
Even when a divorce is right for everyone involved, it can still be a difficult event in a person's life. Perhaps that is why, according to recent research, younger people are finding ways to avoid getting divorced. Millennials are often blamed for declines in various industries, and the wedding industry may be the next casualty. Experts speculate that the dropping divorce rates among this age demographic may be due to several different factors that New Jersey families may find informative.
Few people would dispute the fact that raising children is an important and valuable undertaking. However, since being a homemaker generally does not generate any income, many people in New Jersey and elsewhere differ on how parenting should be valued during a divorce. There are those who argue that stay-at-home parents are entitled to a fair share of marital assets, despite the fact that they did not directly financially contribute to the relationship. Other people aren't quite so sure. One study appears to reveal that gender is a big contributor to people's opinions on this subject.
Most people navigating divorce proceedings will experience difficulties at some point in the process. This is especially true in cases where one or both spouses own a great deal of assets. However, experts say that there are ways for people to get through a high asset divorce with as little animosity as possible. They point to the recent divorce of Amazon founder, Jeff Bezos, as an example. His divorce offers several lessons for those here in New Jersey in a similar situation.
Divorcing in today's world has many different challenges than it did in the past. Technology and the internet have created an entirely new category of matters that will have to be managed during the divorce process. Luckily, experts have several tips for people here in New Jersey who are considering a divorce and are unsure of how to handle the digital side of life.
Most people agree that even when a divorce is the right choice for two parents, their children may struggle with the process. This doesn't mean that New Jersey parents shouldn't get a divorce, but it is helpful to understand how the event may affect their children. One study revealed that the education levels of children may be affected by divorce, but, interestingly, one demographic seemed to show more negative effects than others -- children from affluent families.
These days, there seems to be a new study every week that says that social media and cell phones are harming people, especially children. Families in New Jersey have likely heard these warnings and may have some concerns. However, recent research is finding something new -- that children of divorce benefit from connecting to their parents over social media and texting.