It used to be that husbands always out-earned their wives. Many times, these husbands went to work while the wives stayed home, raised the children and ran the household. Due to this arrangement, when there was a divorce, it was the man who would be paying his ex-wife alimony. The idea was that this money was due to the fact that the woman had sacrificed her own earning potential to maximize that of her husband's.
While Missouri parents tend to focus on things like child custody and visitation schedules during a divorce, parents also need to be focusing on just how they are going to pay for their children's college education in the future. Ideally, these conversations should be happening in order for the plan to be included in the divorce settlement. Essentially, the settlement will discuss how much each parent is going to be paying for college.
Back in January we posted about the fact that NBA star Kris Humphries had rejected a $10 million divorce settlement from Kim Kardashian. Rather, he wanted an annulment, claiming Kardashian used him and their marriage as a publicity stunt. This reason would fall under fraud, which is a primary reason for seeking an annulment.
Divorce is an emotionally trying time for a man. After a divorce, men often feel a huge sense of loss, not only of their wives and families, but also of their sense of self. This in turn can lead to dangerous and destructive behaviors, which can harm them and have a serious impact on how the courts rule on child custody and visitation agreements.
A recent study suggests that more and more couples are beginning to purchase homes together prior to marriage. This trend differs from previous generations' traditions. The findings from study may eventually help uncover information about divorce.
We live in a society where people tend to bottle up their emotions. Especially when it comes to men, the idea of just sucking it up and getting through a tough emotional time is considered a norm. But, keeping emotions in during a divorce -- regardless of gender -- is dangerous and does not promote healthy healing.
It used to be that men almost always automatically earned more money than their wives. This left wives in the situation of fighting for some sort of a fair divorce settlement. However, as the times have changed and women have started to earn more, many now have a higher net worth than their husbands. This means it could be the men looking for alimony from their ex-wives in the case of divorce.
It is not uncommon for a Missouri spouse to contemplate divorce for quite some time before asking their significant other for a divorce. In some cases, the one who was thinking about filing even learns that their spouse was thinking the exact same thing. However, if it can be helped, filing for divorce first is financially a good idea.
In our last post we focused on the importance of budgeting and cutting back on discretionary spending in order to save. While these aspects of financial planning are certainly important, those in Missouri who recently went through a divorce also need to make sure and handle all marital debts, as well as updating insurance and retirement plans.
Missouri residents who have gone through a divorce know that no matter how well spouses still get along, the divorce can be emotionally draining. It is a major life change that will impact many aspects of a person's life well after the ink is dry on the divorce paperwork.