Divorce among older couples in Michigan is on the rise, and now many baby boomers are entering their retirement years newly single. Divorce among people over age 50 has more than doubled in the past two decades. Several new studies have shown that late-life divorce...
Year: 2016
How to prepare for a divorce, part 1
Each year, thousands of couples decide that their marriage has come to an end. The Center for Disease Control and Development reports that over 2 million marriages were formalized each year and over 800,000 divorces and annulments were performed since 2000. One way...
Financial matters to be aware of during a divorce
A divorce may signal the end of a relationship, but it may not be the end of the money problems that a Michigan couple may have. If a couple has joint debts, both parties may be obligated to pay for them. This means that if the other spouse fails to pay any debt that...
How can an unmarried father establish parental rights?
Establishing paternal rights outside of marriage can be challenging, especially for a biological father. Maternal rights can be established rather easily as a woman gives birth in a Michigan health care facility. However, some mothers might choose to withhold...
Financial conversations to have before getting married
Around 45 to 50 percent of first marriages end in divorce, and many of these relationships break down due to financial disagreements. Michigan couples might be able to lower the likelihood of divorce by discussing their own financial situations and attitudes about...
Shared custody may be best option for children after divorce
When actress Angelina Jolie filed for divorce from actor Brad Pitt, she requested full custody of the couple's six children. The reasons for this are unknown, but the couple's high-profile custody battle has reignited a debate in Michigan and around the country over...
Single mother and the child support myth
Michigan residents may be interested to know how child support is determined. A number of high-profile child support cases may contribute to the common misconception that child support paid to single mothers are usually excessive. However, the purpose of child support...
Thinking about asking your husband or wife for a divorce?
Just as it is not ideal to tell your boss that you want to quit your job before you have thought that decision through, it is not generally wise to announce to your spouse that you want a divorce before considering when and how this announcement should be made.In...
Using a prenuptial agreement
Michigan couples who are considering marriage should know that prenuptial agreements are not only for those who have considerable wealth. Anyone who has assets or expects to inherit assets may use a prenuptial agreement to specify how their property is to be treated...
Baby boomers and the division of retirement accounts in divorce
An increasing number of baby boomers in Michigan are choosing to divorce, and the trend appears likely to continue. Baby boomers who divorce may have complex issues regarding property division, especially since they are near retirement age.When people have been...