Women who have relied on their husbands to make the financial decisions in their marriages may encounter problems should the marriage dissolve after many years. In Arizona and elsewhere, not only could gray divorce -- or divorce after the age of 50 -- mean a significant loss of income, it could also spell the need for some, mostly women, to learn to manage finances on their own. In fact, more than 55 percent of married women leave the financial aspects of their marriages to their husbands.
Divorce in Arizona after 50 may come with financial consequences
The rise of gray divorce in America’s fifty plus population
The phenomenon of later in life divorce, often dubbed gray divorce, continues its ascent. As the population ages, it will become even more common.
Dealing with debt is an important part of divorce proceedings
When an Arizona couple decides that the marriage is no longer viable, there are a number of things that must be considered. Typically, who will get the house and how will assets be divided are top of mind during the initial divorce negotiations. However, in addition to these important decisions, how debts will be handled needs to be addressed.
Discussing child support and the costs it can cover
Misinformation is an unfortunate part of life nowadays, and when it comes to the world of family law and divorce, there are plenty of ideas that have been pushed around that are either inaccurate or false. One of these ideas is the notion that child support payments can only be used in certain circumstances, or that the payments are limited in their scope. We are here to tell you that this is wrong. Child support payments can be used for many different financial costs.
