Divorce Accelerates in 2014

Divorce in 2014

The first part of 2014 appears to be a mystery to many, divorce is definitely on the rise according to some statistics and this may not be a very good sign for those contemplating divorce.  Actual unemployment rate, counting the millions who have quit looking for jobs and eliminating these part time 20 hour per week job is hovering way over 15% according to various economists.

Obamacare is becoming a horrendous burden to families due to the high deductibles and loss of family physicians and loss of their insurer. Although, for many divorce appears to be an easy way to gain independence and fly on your own - that's simply not true. Maybe the grass looks greener and in actuality the grass isn't greener and a new marriage if on the horizon often times isn't a cure all for what ails many people.

The percentage of people divorcing in their second marriages is very high. Here's another thought to consider if you have stayed home and been the primary caregiver - the soon to be ex may lose their job or become a part time employee.

The writing on the wall is this - with such a shaky economy and Obamacare - likely you may have to get a full time job in order to pay bills and make ends meet.  So preparing a budget that is feasible would be reasonable.

First consider the children before jumping into divorce, plan ahead and be sure your decisions are in the best interest of your children - if you don't do that now, the family law judge will make that decision. If the children are old enough to make a choice about who they wish to live with, maybe that would be one of the first things to resolve.

Little ones aren't capable of making that kind of decision, so you must be the grown up here and have a good plan for the children.

Here's a list of very important issues you may want to resolve before filing for divorce. Legal counsel is a great way to find out what the family laws are in your state, how assets may be divided including alimony (if necessary) and child support.  A consultation with an attorney often times will save a lot of time and money later on...

Many couples actually benefit from counseling and find that divorce isn't really what they want or need.  A counselor is unbiased and will look at the marital relationship differently then those who are married and often they can assist a couple by getting them back on track and saving a marriage.

If you and your spouse have investments and retirement funds - a tax attorney might be good for starters, the tax laws have changed so much in recent years.

So look down the road for it's your future, figure out where you will live, how you'll pay bills, if you're going to need a new vehicle or furniture - figure all of those unknowns into your new budget, because life in the big single city can be pretty rough, so take your time before making rash decisions that you'll regret later.

As Always,

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Little Tboca