When you and your spouse get divorced, the court may have to step in to help you divide your assets and property. There are cases in which you and your ex can agree on certain points and work together, but the court helps ensure things are done properly and it helps resolve disagreements.
The court can't touch nonmarital property
How does a QDRO affect your former husband’s pension?
While your husband worked, you devoted your life to raising your kids. While the children turned out great, you and your spouse grew apart. Now that you are divorced, you may want to receive a portion of your husband’s pension. If you do not have a qualified domestic relations order, though, you may be out of luck.
It is illegal to use race as a factor when determining custody
When deciding how to divide custody, courts consider a lot of different factors. These often include the age of the children, their relationships with the parents, the mental and physical health of those parents, the living situation and related factors -- like what school the children will go to -- and the children's own wishes.
Late divorces may not leave time to correct for mistakes
If you are thinking of getting divorced after you turn 50, you really have to think about your financial future. You cannot afford to make any mistakes. It's important to get it right the first time around, and you must explore all of your options.
Keeping the home could hinder your retirement
If you're getting divorced when you're close to standard retirement age, your instinct may be to give up other financial assets in order to keep your house. You are trying to limit the amount of change in your life. Your marriage may end, but at least you'll know you have a place to live. Isn't that a wise choice?
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