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A divorce is an unfortunate time in anyone's life, as it signifies the end of a likely long-term relationship and marriage. However, it's important to understand the financial ramifications of a ...
The maximum spousal benefit is 50% of your spouse’s primary insurance amount. That’s the benefit they’ll qualify for once they’re full retirement age, which is 67 for anyone born in 1960 ...
For others, retirement can bring long-simmering resentments to a head once spouses are spending significantly more time together. Divorce is also far more socially acceptable than it used to be ...
Australia. Australia's laws on divorce and other legal family matters were overhauled in 1975 with the enactment of the Family Law Act 1975, which established no-fault divorce in Australia. Since 1975, the only ground for divorce is the irretrievable breakdown of the marriage, evidenced by a twelve-month separation.
In states where fault is recognized, fault can significantly affect alimony, even nullifying it. Many states are 'no-fault' states, where one does not have to show fault to get divorced. No-fault divorce spares the spouses the acrimony of the 'fault' processes, and closes the eyes of the court to improper spousal behavior.
Marital separation occurs when spouses in a marriage stop living together without getting divorced. Married couples may separate as an initial step in the divorce process or to gain perspective on the marriage and determine whether divorce is warranted. Other couples may separate as an alternative to divorce for economic or religious reasons ...
4. Couples Live Beyond Their Means, Fueling Anxiety. No matter what your financial means — or who makes more money — overspending is one of the reasons marriages fail. “One of the biggest ...
Grey divorce. Grey divorce [1] is the demographic trend of an increasing divorce rate for older ("grey-haired") couples in long-lasting marriages, usually after the age of 50. The divorcing people may be called silver splitters. [2] Divorcing late in life can cause financial difficulties. Former American vice-presidential couple Tipper and Al ...