People in Missouri may find themselves struggling financially during a divorce. This may be even more likely if one person is shouldering most of the child-related expenses. Some people think that borrowing from a retirement account could offer a short-term solution, but there are a number of drawbacks.
Missouri residents and others may have many questions about how to get a divorce. For example, they may be wondering how much it will cost to end their marriage. In most cases, uncontested divorces will cost less than contested divorces. However, even if a case is resolved through mediation, it may be necessary to pay for a lawyer and other professionals who will help negotiate an agreement. Generally speaking, there is no way to prevent a divorce from happening.
When people in Missouri decide to divorce, there can be substantial legal, emotional and financial consequences at the end of a marriage. Sorting out marital finances can be complex, but planning can help people get through a divorce with their financial future intact. One of the first steps to emerging successfully from a dissolution is understanding the assets that both partners have for distribution. In some cases, one partner may not know much about marital finances, especially if they have not been actively dealing with the bills, investments and savings.
As people in Springfield begin to plan for their post-divorce lives, one element that often comes to the forefront of their minds is how they will replace the financial support they had been receiving from their soon-to-be ex-spouses. Those who were not the primary income earners in their marital homes may be justly concerned as to how they will now see to their own (and potentially their children's) needs. Child and spousal support can help meet their day-to-day needs, but what about unplanned expenses such as healthcare costs? If the ex-spouse was the income earner, then they also likely secured the family's insurance coverage.
Going through a divorce is never easy, even when both parties are on the same page. However, the process can be even more difficult when your spouse was responsible for initiating the divorce. This can leave you reeling and may even cause feelings of intense loneliness and abandonment. MyDomaine.com offers the following tips to help you cope with an unwanted divorce.
If you are like many people in Missouri, you have probably heard references to how many marriages end in divorce. For some time now, many people have asserted that as many as one in every two couples who say, "I do" will eventually get divorced. However, this may not truly be what is happening today.
Most people who live in Missouri know someone personally who has gotten divorced or who may be in the midst of a divorce even now. Contrary to what some people may believe, more and more of these people are in their 50s, 60s or even older. Interestingly, in the last two decades, the number of people getting divorced after they reach the age of 50 continues to increase. In fact, according to data from Pew Research, the rate of divorce among people 50 or older is actually 109 percent higher today than it was a quarter of a century ago.
People end their marriages because of affairs, financial issues and many other reasons. Sometimes, a couple finds out that they are incompatible, whether they have been married for a very brief period of time or they have been married for decades. Some couples are able to work through their differences by successfully pursuing therapy and counseling, while others are able to address their incompatibility through mutual understanding and time. However, others are never able to happily continue their marriage and simply do not get along with each other.
While divorce can be a complicated process for many people, it can be exponentially more difficult and time consuming if you and your spouse have been married for a long time. Often, the longer your marriage lasts, the more there is to untangle in terms of finances, shared assets and belongings that may hold sentimental value to both of you. At Stange Law Firm, PC, we have helped many divorcing couples in Missouri to work through the legal process of divorce as quickly as possible.