Divorce was never the plan, but when it's on the horizon it's important that you start making a plan for yourself. Your future and your assets depend on how you approach the divorce and how and when you acquired your assets.
The National Parents Organization (NPO) is publicly supporting an alimony reform law that Florida state lawmakers are currently considering. The NPO is a political action group that supports equal rights for fathers and mothers, and better lives for children, through family court reform.
Did you think you were "too old to get a divorce?" Think again. More seniors in the United States are getting divorced than ever before. Divorce figures for couples over the age of 50 have increased substantially in recent years according to a study published by social scientists at Bowling Green State University.
All military service members who have been active for 20 years or more can receive a military pension when they retire. That pension will compensate them for life. Since Congress passed Uniformed Service Members Protection Act in 1982, family law courts will treat military pensions as marital property in a divorce. As such, they can be divided between the military spouse and the non-military spouse according to asset division laws.
Divorce may be brutal, and with the divorce rate hovering between 40-50 percent, it is clearly a problem that is not going away any time soon. While you may have married with the idea that you would raise a family and be together forever, this may not be your reality. If it is not, and you choose to end your marriage, it is vital that you protect yourself in every way before, during and after the proceedings. This is particularly important when it comes to your financial assets.
One thing that people often say when they divorce is that they wish they'd stayed on top of their finances. They may feel like they have little control as the process plays out.