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October 2017 Archives

Why some people are more likely to get divorced

Nevada residents who get married too young or get married too old may be at a higher risk for a divorce. This is according to the Institute of Family Studies. However, age is just one reason. For instance, those who have daughters may also be more likely to see their marriages end.

Divorce may be necessary when relationships turn toxic

Nevada couples sometimes stay together even though their marriages may seem beyond repair to their friends and family members. Seemingly fatal blows such as adultery or some other form of betrayal may be overcome with commitment and forgiveness, but there are situations where trying to salvage a toxic relationship may do more harm than good to the spouses and the children involved.

Why financial planning matters in a divorce

Both men and women in Nevada may benefit from having a financial plan in the event of a divorce. This is because women are increasingly becoming the breadwinners in a household or taking an active role in managing financial affairs. One of the first steps that a divorcing couple may want to take is creating a budget for after the divorce. Information related to a couple's assets and liabilities should be gathered and analyzed thoroughly.

The financial impact of gray divorces

Older Nevada couples who are getting a divorce should know that it can have a significant and negative impact on their finances. They should also know that because they are close to retirement, they have a limited amount of time to financially recover.

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