The divorce rate for people who are at or over age 50 has been increasing for the last few decades. When older Michigan couples divorce, they face additional issues because they will have less time to save for their retirement. It is important for them to plan carefully so that they can maintain their ability to retire on time.
People in Michigan may be more or less likely to get a divorce based on their profession according to the 2015 American Community survey presented by FlowingData. Among the occupations least likely to get a divorce were software developers, medical professionals, scientists and actuaries. Other occupations that have a lower divorce rate are related to rural lifestyles, such as farming, forestry, the military or fishing. People who work in fields involving nightlife or travel, including bartenders and casino workers, have the highest divorce rate.
Divorce does not have to be a stressful and contentious process. In fact, if you approach it with the right attitude and a solid support system, it can be the first step towards a better life. One of the most important components of your support system will be the legal counsel you select. Not all attorneys offer the same thing, and experience is one of the most important factors to consider. According to Forbes, in fact, experience is one criterion you should never compromise on in your search for an attorney. Opting for a less expensive yet less knowledgeable lawyer may be one of the most expensive mistakes you can make.
Michigan parents should understand what kind of role paternity has in determining child support. Paternity testing through DNA is a tool that provides an accuracy rate of 99.99999 percent and is used often in cases for which child support and custody have to be determined.
When Michigan couples get a divorce, their financial situation might change drastically. Although women work outside the home in growing numbers, there is still a significant gap in pay between men and women. The Bureau of Labor Statistics reports that women still earn about 82 cents for every dollar men earn. One reason for this disparity is that caregiving tasks tend to fall more to women, so they are less able to work longer hours, build their careers or save money.
The suburban Detroit home that a married couple shares often acts as a point of dispute or at least financial concern during the divorce process. Retaining ownership of a family home often represents a priority for a client, but financial realities might toss up barriers to that goal. Attorneys will often recommend that people consider fully the financial impact of keeping a home instead of making purely emotional decisions. Someone hoping to buy out an ex-spouse's ownership in a home could face difficulty obtaining a new mortgage.
For many Michigan couples, going through the divorce process can be difficult. In addition, there may be some misconceptions as to what a couple may actually be able to accomplish when they file.
Michigan couples whose marriages are coming to a premature end might wonder if their careers have played a role. Some professions are linked to a significantly higher rate of divorce, according to an analysis of U.S. Census Bureau data.
Michigan residents contemplating a divorce as well as those who are already in the process of getting one are likely to be inundated with well-meaning advice from family and friends. However, they should take some of this advice with a grain of salt as some of it may not be true.
Today, women around the country make 78 percent of what their husbands make. However, it has become increasingly common for a woman to make more than her husband in a specific marriage. Regardless of which spouse makes the most money or has the most assets, Michigan married couples are encouraged to communicate about financial matters in an open manner.