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Mistakes to avoid and tips to follow in a divorce later in life

Divorce can have a huge impact on your finances, especially if you are unprepared for what lies ahead. A study by Alianz Life found that over 60 percent of divorcees reported that their divorce caused serious financial issues in their newly single life. Many survey respondents said that their divorce was a wake-up call to get serious about finances.

TV host Aisha Tyler owes ex-husband millions in spousal support

When one spouse makes a significant amount of money while the other does not, spousal support may be awarded to the lesser-earning spouse upon the couple's divorce. Spousal support can be awarded to husbands and wives of all economic levels. The idea is to support the lesser earning spouse so they can maintain the lifestyle they became accustomed to during marriage.

Receiving spousal support after a divorce

The process of getting a divorce may be one of the most difficult times in your life. In addition to the emotional stress, you may be concerned with staying afloat financially, especially if you were not the "breadwinner" in your marriage. If you did not work outside the home during your marriage, it may be difficult to get back into the working world as a newly single person.

Janet Jackson's prenup could make her a lot of money

When one or both spouses has a significant number of assets, they may decide to sign a pre-nuptial agreement to protect themselves in case the marriage goes sour. A prenup can protect your assets and also protect you from taking on the debt of the other party. If the couple decides to divorce, a prenuptial agreement can save them from getting dragged into a long court battle.

Protecting your financial status during a divorce

Researchers in a number of states have found that March and August are peak times for divorce in the United States. The University of Washington reported that couples have a tendency to divorce when Christmas or summer vacations don't go as planned. If you and your spouse and planning to separate, you need to be aware of how a divorce can financially impact your life so that you can protect yourself as much as possible.

How to get divorced in Utah

If you and your spouse have decided to end your marriage, then you will need to follow certain steps to file for divorce. This post will provide you with a general overview of the divorce process in Utah, but you may need to speak to an attorney to discuss the specifics of your case.

Tips to handle a gray divorce in Utah

According to the National Center for Family & Marriage Research, divorce is becoming more common among adults over the age of 50. These divorces that occur later in life are often referred to as "gray divorces." From 1990 to 2014, the number of gray divorces doubled for those over 50 and tripled for those over 65. Nearly all divorces raise some sort of complication, but gray divorces bring their own set of challenges. We hope those considering a gray divorce follow these tips to get them through their divorce successfully.

Legal help for prenuptial agreements in Utah

The subject of prenuptial agreements - alternatively referred to as premarital agreements - in Utah can be a difficult one. However, for many couples it is a necessary document to protect themselves in the event of a divorce. It does not matter whether it is a high-asset marriage or one of more modest means. It should be noted, however, this legal document is particularly relevant for those remarrying after a first divorce. Before, during and after the marriage, prenuptial agreements have certain rules that accompany them. Understanding these factors is imperative.

Important financial considerations during a Utah divorce

Utah residents who are in the midst of a failing marriage and are considering divorce will have a great deal to consider. These considerations go beyond the emotional turmoil and personal changes that are unavoidable at the end of a marriage. Understanding ancillary divorce legal issues and addressing them is a smart decision to protect oneself. This is key whether the proceeding is rife with dispute or the couple is on relatively good terms with an amicable split.

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