When people in Arizona get a divorce, it could lead to a reduction in their financial stability and that stretches into retirement. This may be particularly true for older adults who are already near retirement and who are getting divorced at much higher rates than in...
Divorce
Estate planning during and after divorce
Divorcing couples in Arizona are required by law to keep some things the same as long as they are legally married. This may mean paying for an estranged spouse's health insurance and keeping them as the beneficiary on retirement accounts. However, there are a few...
How divorce may affect paying for a child’s college education
When people in Arizona get a divorce, they may wonder how this could change their plans for their children's college education. A study by Ameritrade found that two-thirds of couples do not have a financial plan in case of divorce or death.Divorce can be expensive,...
Financial security is a major concerns for divorcees
One of the unfortunate outcomes of an Arizona divorce is that one or both of the spouses may be less financially stable afterward. As a result, couples are increasingly looking for more financial security in the divorce process in addition to more collaborative...
Changing roles in marriage can cause divorce, study finds
Some marriages in Arizona may start with each person being on equal footing. Others may begin in a more traditional manner, where the husband is in charge of finances and earning money while the wife stays home with the children or has a job that pays less money....
Making financial plans for a divorce
People in Arizona may want to make some financial preparations before they file for divorce. This may be particularly true if they are not very involved in the household finances. A first necessary step might be gathering as many financial documents as possible and...
Housework and divorce
Arizona couples who routinely argue over housework issues may be interested to know that such arguments can result in a divorce. This is according to a study conducted by Harvard Business School. The study, which evaluated 3,000 couples, determined that a quarter of...
Common pitfalls to avoid when dividing a retirement account
Arizona couples who are getting a divorce might find themselves in conflict over a retirement account. According to a 2016 survey by the American Academy of Matrimonial Lawyers, this is the second most common source of conflict in a divorce after alimony and just...
Divorce and the protection of finances
Before tying the knot, marriage-bound Arizona residents should think about protecting their assets. While it may seem very cynical to make plans for what could happen during a divorce, having the proper safeguards in place is often a wise move. In order to protect...
Tips for dealing with finances when divorcing later in life
Divorce has been on the rise over the past 25 years for people older than 50. This can mean certain financial concerns for people who divorce as they are approaching retirement. However, people in Arizona may be able to protect themselves financially by taking these...
