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April 2012 Archives

Six Tips to Help Ensure Your Divorce Doesn't Negatively Affect Your Children

If you are divorced or in the process of a divorce, you probably already know that regardless of how amicable your divorce is, your kids will have a hard time with it. A divided family, the stress of two homes, and the new routines that come with now having two homes can be very hard on kids! As a parent, of course you want the best for your children, and their needs, both physical and psychological, typically come before your own. Respecting your children's needs during the adjustment period during and after a divorce can help their well-being tremendously. Here are some tips to help ensure your children weather the divorce process without undue stress:

5 Steps to Recovering Financially After Divorce

Divorce can be a financially draining event, and many people have a difficult time financially after divorce. Recent studies have shown that women are now faring better financially after a divorce, primarily because more women are now working outside the home and the male/female income gap has continued to narrow. Meanwhile, divorcing men may be experiencing more of a financial setback than in the past, also because more women are working outside the home. Since more women are working outside the home and earning more money, many divorcing men lose that additional income that was brought in by their wife. That being said, women with children still have a significant financial disadvantage after divorce; statistics show that 60% of single mothers experience "economic insecurity" after divorce.

Move-aways and child custody agreements

The difficult economy we have faced for the last several years has hit California very hard. Though unemployment is falling, it is still hovering just below 11%. The high unemployment rate has forced many parents to consider moving, many times out of state, in order to continue supporting their families. Divorce parents who are contemplating a move, or who have already accepted a job in a different city or state must be aware of the potential impact their decision would have on their current child custody agreement.

Debt and Divorce: Who Owes What?

Consumer debt in the United States today is a big issue. The number is actually staggering — total U.S. consumer debt, as of December 2011 is $2.5 trillion (Source: Federal Reserve's G.19 report on consumer credit, released February 2012). Average credit card debt per household with credit card debt is $15,956. Almost all American families in today's economy are carrying some form of debt, so when couples decide to divorce, debt can be a major issue (if it hasn't affected the marriage already!)

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