According to the National Center for Family & Marriage Research, older couples are divorcing at a higher rate than their younger counterparts. While divorce is always a difficult situation, there are some unique considerations that individuals close to retirement may want to consider.
October 2016 Archives
Divorce proceedings can be long and complex due to the procedures followed for divvying up assets accumulated during a marriage; however, the process can double or triple in complexity when children are involved. When issues of custody (now referred to as timesharing) fuel a tug-of-war mentality, parents may feel that obtaining sole parental rights is equivalent to "winning." Should discussions over timesharing become contentious, neither parent may retain an objective perspective on the well-being of the child. It is for this reason that child timesharing and responsibility decisions are often rendered in court.
Florida fans of Brad Pitt and Angelina Jolie may have heard some of the speculation whirling around their divorce. It has been speculated that the two had a prenuptial agreement since both have been married before and each brought their own considerable assets into the marriage. However, even with a prenuptial agreement, the process of untangling financially could take months.