You've probably heard all the horror stories associated with divorce and finances -- but let's turn things around and take a positive approach today, instead.
A high-conflict marriage isn't healthy for anybody. Nobody thrives in a toxic environment with a lot of fighting and yelling.
Nobody ever said divorce was easy. However, you can make it easier on yourself by setting a few basic rules for while you're going through it. (With a little bit of luck, your spouse will take the hint and follow the same rules. That could make for a divorce that's actually amicable in the end.)
Have you recently found yourself at a loss for words when faced with the news that a friend or relative is getting a divorce?
Once all of the drama of your divorce dies down, it can be very easy to fall into a rut -- or even a major depression.
Imagine you have decided that you want to get a divorce, and it's time to tell your spouse. How should you do it?
Surviving Valentine’s Day as a singleton is never easy. It’s even harder when you are single because of a recent divorce. Every time Valentine’s season rolls around, it can be a painful reminder of the marriage that you lost, and of the difficult reality as a single, divorced adult. Fortunately, there are a few practices that you can implement to get through this holiday intact.
Depending on its complexity, it can take months or years to settle a divorce. However, the divorce settlement is merely the first step when it comes to managing finances after a Michigan resident ends a marriage. As soon as the divorce is finalized, it may be a good idea to make changes to beneficiary designations. This may help to ensure that a former spouse does not inherit assets when that individual passes.
Hurt feelings and disappointments play a role in almost any divorce in Michigan. When someone's actions are especially hurtful, a former spouse might naturally want revenge and look to a court to make it happen. Long legal battles, however, come with high price tags, and the research of one social psychologist identified negative long-term results from exacting revenge upon someone.
When Michigan couples decide to end their marriages, the financial implications are often a major source of stress and detailed planning for the future. The end of a marriage can carry significant consequences for both divorcing partners far beyond the emotional disentanglements and the complications of custody. Indeed, a divorce can have long-term effects on the financial stability of both spouses and can impact a wide variety of accounts. One less-considered aspect of financial changes after divorce involves taxation.