A gray divorce is a divorce that occurs later in life. It is often defined as involving those who are over 50 years old. This general term encompassing has seen more use in recent years because the divorce rate for older couples has been going up. In some senses, a...
The growth of gray divorces continue
Gray divorce continues to trend, ironically, a term many fifty-somethings and older may not understand or use in a sentence. Nonetheless, older couples are pulling the plug on their long-term marriages at a record pace. Al and Tipper Gore’s marital dissolution was...
How can divorce disrupt your finances?
Getting a divorce in Delaware can disrupt your life in several ways. You might have to move to a new location or spend less time with your children. Divorce can also possibly hurt your finances in several ways. Income Divorce can potentially cut your income in half....
What happens to your home in a divorce?
Your Delaware home may be sold or transferred to your estranged spouse as part of a divorce settlement. There is also a chance that you will become the sole owner of the property after your marriage officially comes to an end. What actually happens to your house in a...
What to know about marriage and divorce rates
Since 2011, both the marriage and divorce rates have declined in Delaware and throughout the United States. This is according to data from the American Community Survey that was made available by the United States Census Bureau. However, since 1990, the rate of...
Can divorce be good for your kids?
Ending your marriage in Delaware will involve certain risks and responsibilities. These will have an impact not only on your own lives but also the lives of your children. This is the main reason why you should always consider every possible variable. Doing so will...
A financial guide for divorce after 50
Gray divorce, which refers to divorce among people age 50 or older, is on the rise in the United States. In fact, according to studies, people over the age of 50 are now the most likely age group to get a divorce. Gray divorcees in Delaware can take some steps to...
Potential obstacles in high-asset divorces
High-asset divorces present Delaware couples with challenges that may require deliberation and cooperation. The circumstances comprising a high-asset divorce make the process a balancing act between the two parties since the value of the assets calls for careful...
Credit card debt in a Delaware divorce
As an equitable property state, Delaware divides debts and assets from a divorce based on what's fair. The court considers what each person contributed and sacrificed to their marital wealth. Married couples may be able to negotiate with each other as well. Close or...
How divorce impacts children by age
When a Delaware couple makes the difficult decision to dissolve their marriage, it impacts everyone. The divorcees must adjust to a “new normal,” but if the couple has any children, the impact is even more significant. Childhood development is a complicated area, but...