While the divorce process is governed by law, each divorce will have unique aspects because each couple is unique. One aspect of a divorce that can set a couple apart and require special considerations can be the ages of the spouses and the number of years they have been married. There are aspects of gray divorce, a term used to describe divorces involving those older than 50, of which Pennsylvania couples should be aware.
Divorce leads to changes in all aspects of a person's life, including where a person lives and what the financial future may look like. Aside from an initial divorce settlement, including any alimony payable, Pennsylvania residents may want to think about the long term financial impact of a split, namely retirement. Regardless of how close or far a couple may be to retirement age, the divorce will usually affect any accounts already in place.
When a couple is in the midst of a divorce and are dividing assets and finances, many people are guilty of thinking in the short-term and just wanting the divorce process to be over. The goal may be to split funds quickly and move on after a divorce. However, Pennsylvania couples may benefit by thinking about the long-term financial reality before agreeing to certain property division decisions or support payments.
When to file for divorce is not an easy decision for many people. For some, the decision may come over much contemplation, while for others in Pennsylvania, it may be a spontaneous decision. Whether thought out over years or days, when anyone prepares to file for divorce, it is vital to make certain decisions and think about the future, both long-term and immediate.
For couples of a certain stature or those in the public eye, privacy of personal affairs may be of the utmost concern. When a couple becomes entangled in a court case, certain information may go from the private to the public domain. For some Pennsylvania couples, having private information become public during a divorce may be something they wish to avoid if at all possible.
Once a couple decides to split, there are many decisions that need to be made. For many couples in Pennsylvania, custody issues may be the most contentious and personal to arise during a divorce. However, the fate of major assets, such as a house, can also be the source of contention. It may surprise many to know that once the fate of a house is decided, the complications for one or both partners may just be beginning.
Whenever two parents divorce, their financial lives are greatly altered -- whether they are the breadwinner or a stay-at-home parent. Years ago, alimony payments ordered in a divorce were typically awarded to a wife as she was usually either a stay-at-home mom or made much less than her husband. However, in Pennsylvania and elsewhere, there is a noticeable rise in the number of men seeking alimony.
Whenever a Hollywood couple splits, it can be easy to assume there is enough money to go around and both parties should be able to amicably split a great deal of wealth. However, just as with other couples in Pennsylvania and elsewhere, a divorce can lead to many complications regardless of the amount of money to be divided. As Clint Eastwood and his current wife Dina go through their divorce in the public eye, certain disagreements have surfaced.
Any time there is a divorce, there may be requests or stipulations that prove to be costly. This can be particularly true when the couple has a great deal of assets or financial success. The recent divorce filing between music mogul Timbaland and his wife Monique Mosley has made news because it could prove quite costly for Timbaland, if the requests his wife has been asking for are granted. Any Pennsylvania couples in the midst of divorce may want to follow the story of how their divorce is progressing.
Divorce can be a difficult transition and time of upheaval for both parties involved. However, there are ways divorce affects one party over the other. Recently, tips for how men should handle divorce and the effect divorce may have on their finances. Any Pennsylvania men dealing with divorce may want to adhere to some of the tips given.