According to recent statistics, younger couples are less inclined to seek a divorce. However, for those aged 50 and older, the divorce rate has increased more than 100 percent. Colorado residents who are seeking a "gray" divorce may have to revise retirement plans.
The national rate at which people end their marriages is often quoted as being approximately 40 percent. There are many variables that go into that number, and various states have differing rates of divorce filings. Colorado makes the list of states with a higher rate of divorce, which may mean that residents here may benefit from having a plan regarding future property division.
Life in Hollywood comes with not just fame and extravagant lifestyles; it also comes with a great deal of pressure and the stress of constant public scrutiny. This may be one reason why many celebrity marriages end in divorce. In reality, marriages often face obstacles that some Colorado residents have discovered simply cannot be overcome.
According to surveys, financial stress plays a major role in why marriages become troubled. Even though many married couples share bank and credit accounts, a surprising number of spouses reported that they are not forthcoming to their partners regarding their financial affairs. Colorado residents who are struggling in their marriages due to financial difficulties may be considering filing for a divorce.
There has been much discussion about the need for couples in the process of dissolving their marriage to finalize the process by the end of the year. Beginning in January, the paying spouse will no longer be able to deduct alimony payments from income taxes, which may result in smaller payments and less money for the two households once the divorce is completed. At this point most Colorado couples will run out of time to get their divorces finalized in order to beat the tax deadline, but for couples who wish to complete their divorce as soon as possible, there are some actions that may speed the process.
For the majority of married people, life starts out as being someone's child, and later, one becomes a significant other before finally becoming a spouse. In the event of a divorce, not only does one have to determine how to divide marital assets and resolve other issues, spouses may also lose a sense of their identity. Colorado residents may ease these changes by preparing for ways to counteract how life will change.
The end of a marriage is fraught with many emotions that can work against clear decision-making. When it's time to negotiate certain aspects of one's divorce -- such as alimony -- taking a calm approach may not feel natural, but it can allow one to reach the best terms. Colorado residents can seek assistance when attempting to make the best decisions without allowing emotions to rule the process.
There are many stresses that can eventually erode a marriage. According to financial professionals, debt plays a significant role when couples choose to file for a divorce. Colorado residents who are considering filing for a dissolution may worry about how accumulated debt can adversely affect their future finances.
With an estimated 50 percent of all marriages ending in divorce, it may come as no surprise that many couples simply want to get through the process as quickly as possible. However, if the division of marital assets is not undertaken with careful consideration, then the spouses may suffer the financial consequences later. Colorado residents who are preparing to file for a dissolution may benefit from thoroughly reviewing their assets first.
The end of a marriage is an emotionally and often financially draining time. While one will recover emotional well-being over time, careful planning can help avoid the loss of retirement hopes in the aftermath of a divorce. Colorado residents who are preparing to begin the dissolution process may choose to consult with professionals on how to preserve retirement goals.