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May 2018 Archives

The growing number of gray divorces

When people think about a divorced couple in California, they may envision young spouses married for a short time. While people in all demographics opt for divorce to end unhappy relationships, the number of Baby Boomers choosing to end their marriages has grown. The term "gray divorce" is often used to describe separations for spouses over the age of 50. While American divorce rates have stabilized across the country, the gray divorce rate has doubled since the mid-1990s. In fact, one-fourth of all divorces across the country happen over the age of 50.

Divorce could create challenges when funding college for kids

California couples going through a divorce need to plan for their financial lives going forward. Splitting one household into two often strains the resources of the parents, but it's still possible to save for the children's education. A divorce settlement should address college funds that the parents have already saved and, if possible, lay out a plan for continued saving and tuition payment in the future.

Avoiding dangerous social media mistakes during your divorce

Getting divorced is stressful, and it can leave you in need of significant social and emotional support. Many people tend to lean on their circle of friends and acquaintances to process and move on from the emotional difficulties of ending a marriage. While that has long been the practice of many divorcing adults, these days that support network looks a lot different than it used to.

Communication can help lower the risk of divorce

Marriages in California tend to last longer when they are "gender equal" from the beginning. Ideally, couples will have a talk prior to getting married to reaffirm that each partner has equal power in the relationship. This means that each side is equally responsible for solving problems and responsible for making decisions within the relationship. By having this talk ahead of time, neither side will feel as if they can check out of the relationship.

The challenges of being a spouse and business owner

An entrepreneur tends to be a driven individual who is not afraid to take risks. Their spouses are more likely to be cautious and have a lower tolerance for risk. This helps to explain why the self-employed in California and throughout the country have a higher likelihood of getting divorced than the rest of the population. However, this is not the only reason why entrepreneurs could see their marriages end.

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