If you're divorcing a spouse who has considerable assets, they may propose paying you spousal support in one lump-sum payment as opposed to making monthly payments over a period of years. People often prefer (if they have the means) to do that just to put the divorce -- and their spouse -- behind them and move on. They're often able to negotiate a lower amount of spousal support overall by offering a lump-sum payment to their estranged spouse.
If you are getting a divorce, one of the things you may need to deal with is a qualified domestic relations order. This is also known as a QDRO. A QDRO is a court-ordered judgment that tells a retirement plan to pay for a former spouse's child support, marital property rights or alimony. Essentially, it is the order that shows how to divide retirement benefits. This order is delivered to the companies that hold the retirement funds for distribution.
Something that many people deal with during divorce is anxiety. It may be the anxiety of losing a spouse, losing a second income or being separated from children. It could be anxiety about finding money to pay for legal expenses or anxiety about living alone.
For most people going through divorce in their 20s, 30s or 40s, retirement is far from the first thing on their minds. Instead, a fair financial settlement is likely to be the larger priority. But if you do not give serious thought to retirement now, you could wind up in serious financial trouble in your 60s and 70s.
No divorce is easy for anyone involved, and that includes the two families caught up in the crossfire. It can be hard for in-laws to stay out of your business during this stressful time, which can lead to hard feelings and even calls to the police.
Every divorce results in some emotional changes in those involved. There are actually around five stages of emotions that people will go through.
There really isn't ever a good time to get divorced. For some people, this major life change comes during the winter holiday season. If you are in this position, you need to make sure that you are planning for the emotions that are likely going to come.
Financial issues are not always the paramount consideration in a Connecticut divorce. Yet, how the couple approaches the split and property division in the final settlement can be extremely costly to both parties, often needlessly. Attempting to reach an agreement without acrimony is best, but even when there are fundamental differences, there's no need to throw money away by making hasty decisions that fail to account for all the factors.
Marriage is a daily challenge to try to make things work. When one spouse suffers from a mental illness like bipolar disorder, the the marital struggle is more intense. There are some instances in which a spouse's mental illness can contribute to or cause a divorce. Unfortunately, this can be just as complex as the relationship.
When you make the decision to divorce your spouse, you need to make sure that you have things together to protect yourself. There are some splits that are amicable; however, others are filled with disagreements. Even if you and your spouse get along fairly well, the divorce might pit you against each other. We know that this is a difficult situation, but planning ahead can be a huge help.