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October 2017 Archives

Studies identify factors that may influence divorce rate

California couples who get married in their late 20s or early 30s may have a lower divorce rate than couples who marry when they are older or younger. Various studies have linked a number of factors to the likelihood of a marriage falling apart. For example, more attractive couples have a higher chance of divorce.

California woman concerned about husband hiding assets in divorce

A 61-year-old woman writing to a financial advice columnist explained that her husband expected to get their house and half of her 401(k) retirement funds. They had been married for 25 years when she asked him for a divorce. Although she sent her financial records to his attorney, he had not reciprocated with his records. She wanted to know if he could legally get their home and half of her retirement because it was her understanding that the state required divorces to split assets equally.

Who might benefit from a quick divorce?

Divorce, like many things, is only as difficult as the people involved make it. In many cases, the spouses have hurt each other so deeply, or they are so unwilling to work together to divorce amicably, that they drag the process out much longer than they really have to. Sometimes, one or both spouses seek out poor legal counsel that unnecessarily prolongs matters. Any number of things can keep a divorce going much longer than it has to.

When child support debt leads to wage garnishments

Around 7 percent of all workers have their wages garnished for debts. These may include consumer debt, child support and student loans. California workers who have their wages garnished might be more likely to be men. More than 70 percent of workers nationwide whose wages are garnished are men, and in most cases, the reason is because those men have fallen behind on child support. These and other findings were part of a study released on Sept. 27 by the ADP Research Institute.

Challenges for older couples who are getting a divorce

Older California couples who are getting a divorce may face a number of financial challenges. Because they have fewer years left until retirement, they may have less ability to make up for the financial losses that the end of a marriage can produce. Since the 1990s, the divorce rate for people 50 and older has doubled despite going down for other age groups. Divorces can be costly even when they are relatively amicable, and some couples may spend thousands and thousands of dollars wrangling over assets.

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