Divorce

A Free Service Provided By www.FactsOfLaw.com
Home

 


Financial And Emotional Implications of Divorce

 

Legal Topics

Arbitration and Mediation
Bankruptcy
Bextra
Car Accidents
Celebrex
Child Support
Child Custody & Visitation

Copyright Law
Criminal Law
Dangerous Drugs
Death
Divorce
DUI Drunk Driving

Elderly Laws
Employees' Rights
Estate Planning
Family Law
Fen-Phen
Immigration Law

Lawsuits
Lemon Law
Marriage
Medical Malpractice
Megan's Law
Meridia
Mesothelioma & Asbestos

Mold
Probate & Estates
Product Recalls
Real Estate

Statute of Limitations

Taxes & the IRS
Traffic Violations
Vioxx
Wills
Workers' Compensation
Work Related Injury

Privacy Policy

Contact Us

About Us

 
Facts - Books - News    U.S. Facts Of Law:


Financial And Emotional Implications of Divorce

While there are many implications of divorce, women are often the financial victims of divorce due to the lack of equal pay for equal work in many countries and the fact that many women give up employment after marriage to rear children. They are often left with the burden of looking after the children after the divorce while having to find work in low-paid jobs. Child support collection is a major problem as many fathers do not accept that they have an obligation towards their children. Many national and local governments provide some kind of welfare system for divorced mothers and their children.

Men are generally the financial victims of divorce due to court-ordered alimony and child support which women often are not required to pay, and the fact that many men are entirely denied custody of their own children. Some men are left with the burden of never seeing their children, which is a major problem as many mothers may relocate the children, not accepting that they have an obligation to provide a stable and supportive family with both parents involved. Although women are less likely to pay child-support, they are more likely to neglect support payments when they are required. Unfortunately, the aspect of family stability is one argument stated against same-sex marriage, since court orders against men and child neglect by women are no longer defensible one-way legal benefits. Recognition of the problems faced by fathers and other relatives is given by self-help groups such as Families Need Fathers.

The fact that women often receive primary custody of their children means that some men are are unable to see their children as frequently as they would like, and this is particularly difficult if one ex-spouse or the other moves. Currently in the US, federal law makes non-payment of child support an automatic felony, whereas a mother's refusal to let the father see his children in accordance with court decisions is not an act criminalized by the federal government.

In the USA, a spouse who resides in a community property state and lacks a prenuptial agreement is at a disadvantage if he or she earns more than the other spouse. In these states, the property is split 50/50 regardless of who earned the money. Thus, the spouse who would be the least well off on their own receives unearned money, property, and/or other assets upon the divorce settlement. Theoretically, a spouse with zero assets would get 50 percent of the other spouse's assets (possibly not counting pre-marriage assets and inheritance), while two spouses equally wealthy would both keep their share. This is true even if the poorer spouse has committed adultery or initiates the divorce them self. Judges have no power to rectify the situation, and must divide the property evenly no matter how unfair the result may seem. This can generally be avoided if both parties enter into a prenuptial agreement before marriage, though courts sometimes overturn these agreements. While men have traditionally had more assets than women and were negatively affected by community property laws, nowadays more and more women are the wealthier spouse, and are affected as well. Most states in the USA are not community property states. However, some large and populous ones such as California, along with a few smaller ones, are community property states.

In some jurisdictions, only a small minority of divorces involve families with children. For example, in Scotland in 1997, there were 2461 divorces involving children but 9761 of couples with no children under 16.

 

Financial and Emotional Implications of Divorce Best Sellers from Amazon.com

(no title)

 

Newsfeed display by CaRP

Financial and Emotional Implications of Divorce News
GN News

Watching Your Parents Go Through A Divorce Can Have Serious Health Implicatio...
Economic Times Watching your parents go through a divorce can have serious health implications Economic Times MIAMI: When children live through a contentious divorce or separation by their parents, the fallout appears to harm their health for decades, even into adulthood, researchers said Monday. The study involved 201 healthy adults who agreed to be Kids who weather bitter divorce are 3 times more vulnerable to colds as adultsArs Technica Bitter divorces can impact childrens39 health into adulthood, CMU study showsPittsburgh Post Gazette all 26 news articles raquo

UK Court Cuts Breadwinner Traderaposs Divorce Payments To Husband Financial ...
Financial Times UK court cuts breadwinner trader39s divorce payments to husband Financial Times A successful energy trader who received millions of pounds in bonuses has won an appeal in London to cut her divorce payment to her ex husband, in a ruling that could have implications for dual income divorced couples. Julie Sharp, a City trader and more raquo

Money Worries Trapping Older Women In Loveless Marriages, Study Finds The In...
The Independent Money worries trapping older women in loveless marriages, study finds The Independent Often, they may have no savings or pension of their own so are rightly concerned about the implications of divorce on their finances. They are often surprised to learn that they will be entitled to a significant percentage of the marriage39s joint

Common Financial Mistakes Divorcing Women Make Seeking Alpha
Common Financial Mistakes Divorcing Women Make Seeking Alpha A divorce decree, once signed, can be difficult and expensive to change. It39s in your best interest to invest the time and energy to arrive at a divorce settlement you can live with. Long term tax and other financial implications are often overlooked

Estate Planning And Prenuptial Agreements: Tax Implications Of Alimony JD Su...
JD Supra press release Estate Planning and Prenuptial Agreements: Tax Implications of Alimony JD Supra press release When contemplating marriage and estate planning, frequently, individuals will enter into prenuptial premarital agreements to address their rights and obligations during the marriage and in the event of a divorce or death. A prenuptial agreement is a

IMPORTANT NOTICE: This webpage is Copyrighted content.  No portion of this page may be copied to any other webpage, forum, blog or other domain page or offline publication without written permission from FactsOfLaw.com. Violators will be prosecuted to the fullest extent of the law.

The information provided by FactsOfLaw.com does not constitute legal advice or any other type of advice and is provided for educational purposes only without warranty of any kind. FactsOfLaw.com has not reviewed the information on this page for accuracy and is not responsible for any errors, omissions or inaccuracies.  For legal advice you should consult a licensed attorney.

 

Copyright All Rights Reserved - FactsOfLaw.com
No Portion of This Page May Be Copied Without Written Permission

Facts of Law about the financial and emotional implications of divorce

Facts of Law - Financial and Emotional Implications of Divorce