Data from the American Psychological Association shows that up to 50 percent of all marriages in the United States end in divorce. The likelihood of divorce also increases significantly for those in second or third marriages. People are always wondering, “can I divorce-proof my marriage?” When most couples get married, they imagine a wonderful romance, and likely do not plan to get divorced. With the addition of complicated schedules, bills, jobs, children, and messy houses, however, marriage can easily and quickly turn from romantic to mundane. Many divorces happen for the right reasons when a couple hits an impasse and is unable to remain together. In those cases, it is healthy and necessary to separate. Are there ways, however, to “divorce proof” your marriage, or at least help your marriage endure? A contributor to the Boston Globe recently surveyed many successfully married couples, and while there may be no way to truly divorce-proof your marriage, here are some insightful tips that may help you and your spouse strengthen your relationship and decrease your chances of divorce.
If you have just divorced, you are likely ready for some relaxation and recovery time. Everyone needs a little break after a stressful, complicated experience, especially after a taxing process like divorce. While you may be ready to take a break from the lawyers, paperwork, and court dates you faced during your divorce, there is one last area to focus on before enjoying your newly single life – your finances. Life post-divorce can be vastly different from married life, so it is crucial that you move on with a solid understanding of your finances and a plan for the future.
Gray divorces, or divorces among adults 50 and older, are becoming increasingly more common. In fact, the divorce rate for Americans 50 years old and older has doubled over the past 14 years. Divorce for older Americans, however, has its own unique challenges. Older couples are often either planning for retirement or about to retire, and a divorce can throw a major wrench in those plans. The divorce process itself can be costly, but even after divorce, life as a single person is typically more expensive than married life when incomes are combined. In many gray divorce cases, one spouse hopes to keep their shared family home, but this is unfortunately often too costly for one spouse to handle on their own, especially if they have other large expenses. For this reason, many divorce specialists suggest gray divorcees consider selling their shared home during their divorce and splitting the proceeds. Now, in the United Kingdom, lenders across the country have announced plans to implement “divorce mortgages” at some point this year, and there is a large chance these mortgages will become available in the United States soon as well. Here is what you need to know.