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Posts tagged "Divorce"

Divorce survey reports regrets over lack of financial knowledge

Indiana couples who are planning on getting married might want to consider getting a prenuptial agreement. A prenup can help protect people financially in case of divorce, and in the course of creating one, couples must communicate about money. It is important for both people in a marriage to be knowledgeable about their financial situation. According to a survey by Fidelity Investments, people who took the longest time to recover financially from a divorce were those who were not involved in the family finances.

Holiday season known for leading to surge in divorce filings

The end-of-year holiday season offers many families in Indiana an opportunity to spend quality time together. For people in troubled marriages, however, the holiday season often represents a final period of family togetherness before people announce that they are filing for divorce in January. Family law attorneys generally agree that they experience a surge in new clients and divorce filings in the first weeks of the New Year.

Nurturing the parent-child bond over a distance

When parents divorce in Indiana, the pressure of employment or family obligations may force one parent to move far away from the children. In most cases, this is the father, but mothers can also be non-custodial parents who need to cope with long-distance parenting. Especially when combined with the emotional weight of the divorce, a far-away parent can be challenging for a child. Kids may feel rejected or like their parents do not care. However, there are some tips that parents can follow to nurture the parent-child bond even across many miles.

Managing investments during a divorce

The fact that financial challenges can affect marriages is nothing new; some married individuals with student loan debt said that the debt was a factor in the dissolution of their marriage. Indiana residents may be interested in learning how to manage their investments through divorce.

Using strategic divorce in order to save money on taxes

Some couples in Indiana are concerned about how much they will have to pay in taxes because of what is being called the "marriage penalty." Taxpayers who file as a married couple and have a taxable income in the 37% bracket may look at a strategic divorce in order to avoid this levy.

Signs experts say indicate divorce is on the horizon

Indiana residents may be interested in hearing what some indicators are that could mean a person is headed for divorce. People reach a point in their life where they feel like they might want to get divorced, but they still have doubts. They appreciate that divorce will change their life, so it's not a decision that they want to make quickly.

How should we tell the kids about our divorce?

When contemplating the prospect of ending a marriage, it is understandable for parents in Indiana to struggle with how the event may impact their children and how they should even tell their kids about a divorce. Breaking the news about any major life change may be difficult but there are clear steps parents can take to help their kids and set up an open line of communication for the following time.

Your divorce and your financial future

If you and your spouse in Indiana have been experiencing marital difficulties and you believe that ending your marriage may be the best thing for you, it is important that you approach your divorce in a pragmatic and smart way. This involves making sure you are fully versed about your marital financial situation and that you plan appropriately for your future single financial life. If you have not been the one in your marriage to handle money, now is the time to get involved and learn as much as you can.

How are student loans handled in a divorce?

It is not uncommon for people in Indiana to incur student loan debt when going to college. The amount of money that students often have to borrow even to just get an undergraduate degree can saddle them with debt for years after they have graduated. For students who pursue advanced or professional degrees, their student loan payments may extend decades and be akin to small mortgages. It is this reality that leads a lot of people to still have this debt when they get divorced.

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Robert Schembs
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