Divorce Life Insurance

There is a staggeringly large amount of divorces in the United States (US). In total, the US had a recorded total of 2,140,272 marriages in the year 2014 alone, and of those marriages, 813,862 ended up in divorce or annulment (Center for Disease Control). This means that as recently as 2014, there was a divorce rate of approximately 40%. This supports the statistics that the divorce rate for the US has stayed within 40-50% since the 1970’s (Austin Institute, 2014). While the numbers themselves are important, it is also important that the causes for the high divorce rate be explored, so that it can be known what pitfalls to avoid when participating in such an important union as marriage. There are many causes of divorce in the US such as conflicting gender roles, socioeconomic status, religious conflicts, physical abuse, emotional abuse, alcohol addictions, and many more (Amato & Previti, 2003). This paper will look at many of these reasons, but it will also focus on the differing reasons reported by men and women.

In the state of Georgia, all marital property is subject to equitable division between the spouses during a divorce. Equitable division doesn’t necessarily mean an equal division of property, but a fair and reasonable division of property, based on the circumstances of the parties. Marital property includes any contributions that either spouse has made toward any kind of retirement plan during the marriage, including pensions. However, marital property does not include any contributions that a spouse made to a retirement plan or pension prior to the marriage. That portion of the spouse’s contributions or the value of that portion of the pension will remain the separate property of the spouse who made the contributions.

If you're currently going through a divorce, then this is the time to plan for your upcoming taxes. Your attorney can advise you on the best way to divide your assets. Make sure the divorce decree states who gets to take the child income tax deduction. If one or both of you have retirement accounts, then it's important that you seek a qualified attorney for assistance. Once the divorce is final, it's too late to change important tax information.

Marriage is supposed to be the best time that couples get to enjoy each other’s company. Unfortunately, not all marriages are meant to be and getting a divorce may be the best option for the spouses. Divorce does not only mean the dissolution of marriage. It also involves property division, child custody, child support and in some cases spousal support also referred to as alimony.

Under Texas state law, divorcing couples’ marital property is divided based on what is considered just and right by the court. As such, each spouse may not be entitled to, or receive, an equal share. Rather, the court will take into consideration a number of factors in order to decide who should be awarded what. These factors may include how long the couple was married, the contribution that each spouse made to the household over the course of their marriage and the future earning potential of each spouse.

When divorce process starts, you may quickly realize it is more complex than simply signing papers and coming into the next stage of your life. It also involves the partition of assets or property- which is often baffling and argumentative. The partition of assets and properties typically needs legal skills to understand agreements and possession. Experienced divorce attorneys are skilled at perfectly and effectively settling these conflicts.

As long as a parent is a member of the military, that parent and his/her children will be provided, health, dental, and ocular insurance by the military at no extra cost. Usually, there are no co-pays. So, if you are splitting up, it's best if the military member provides the health insurance for the children.

No fault divorce has allowed women and men (and more recently, same sex couples) the option to end their marriage simply because they no longer want to be married. However, this presents new legal questions which need to be answered. The courts must determine alimony, or spousal support. After a marriage, one spouse might need to support the other based on length of the marriage, difference in incomes or lost earning potential. However, determining a fair way to allocate alimony is an important issues to ensure both partners come out of the marriage on equal footing. Establishing new guidelines for alimony is critical to ensuring that there is equality at the end of a marriage.

Complications seem to increase exponentially once divorce proceedings are underway. Legal complications added to financial complications all heaped on top of the emotional complications from the end of a serious relationship mean stress for all parties involved. One of the most contentious aspects of many divorces is the division of marital property.

Kara Evans (33) and David Miller (36) were married at the beginning of 2014 and have two children, Meredith and Sam. Kara enrolled herself, David, Meredith, and Sam in a qualified health plan with coverage effective January 1, 2014. For each month of coverage the enrollment premiums were $700, the applicable SLCSP premium for a coverage family of four was $650, and the APTC was $425. To complete this scenario, consider the following:

The social problem impacts children in Toronto ages 6-18. Divorce, as the center of this paper is defined as a separation and a practice that lot of people goes through in life. It is also known as dissolution or termination of marriage, and or the annihilation of a marriage or marital union. (Insert). This continues to escalate over the years and therefore become a somber social problem; though it is a slow process but eventually results in families to fall apart. Nevertheless, there are many facets in which a marriage could fall-apart and end up in divorce, and the effects are enormous and enduringly deteriorate the tie or relationship between child and parents. According to statistic Canada divorce rate for couples, ages 50 to 54 is 38%,

In many divorce cases, a couple’s most significant marital asset is the retirement plan/s. According to community property laws in place in Arizona, any part of the retirement benefits that were earned or accumulated during the time of the marriage is subject to division upon divorce. Retirement plan division is treated differently depending on whether the plan in question is sponsored by a private company or if it’s a federal or state sponsored plan.

-Husband and Wife shall be entitled to any and all equity in the marital residence upon execution of the settlement agreement.

As early as 30 years ago, researchers argued that divorce among older adults would be a

Creating an estate plan remains one task every individual should complete, regardless of how much or how little they have in terms of assets. The plan serves to distribute these assets according to the wishes of the deceased and to ensure items arrive in the right hands. Many couples prepare this plan together, yet fail to make changes in the event they divorce. In addition, individuals need to understand what happens in the event they pass away before the divorce is finalized. It's best to speak to a Divorce Lawyer in Barrington to fully understand your situation, your current estate plan and where changes need to be made,but following is a general overview of certain topics that may be of interest.