Would you believe that your odds of getting divorced are increasing as you age? It's true. Divorce now affects one out of every four people over 50 years of age -- and that figure is expected to rise.
When you get divorced, you have to divide everything up -- including all the household items that you've gathered over the years. That means the furniture, the things in your cupboards and the items that have accumulated in your garage.
Do you feel like your dogs are just like little furry toddlers? Is having a cat almost like having a four-footed child?
When a marriage falls apart, couples are supposed to fully disclose all their holdings to each other so that a fair split of the marital assets can be decided.
It's normal to be emotional when you're going through a divorce -- and that makes it hard to keep your mind on practical concerns. However, paying attention to certain practical issues will make your post-divorce recovery a lot easier to manage.
If you are going through a divorce, any retirement accounts that you and your spouse own typically will be subject to division as part of the marital property.
During a divorce, a quitclaim deed can be used to divide up the marital property.
One of the biggest assets many people have to divide during their divorce is the equity in their home -- which can be a problem when opinions differ on the home's true value and the most recent evaluation was done years before at its purchase.
A lot of divorced people end up with a ring (or rings) that they no longer want.
Family heirlooms often get caught up in bitter divorce fights -- especially when they're both highly portable and valuable.