Married couples in Pennsylvania may choose to get divorced for a number of reasons. For instance, perhaps they feel that they have grown apart over the years, which unfortunately may make it hard for them to sort out divorce issues like property division or child custody. However, in many divorce situations, the culprit may very well be social media.
When individuals marry, they often merge their financial accounts and other assets. While most assume that their marriages will last forever, many will not. Financial issues are a common cause of divorce, at which point matters like property division will have to be addressed. Here are a couple of specific reasons that many marriages end in divorce in Pennsylvania and elsewhere.
No matter how old or young a married individual may be, getting divorced can be financially complicated. However, dealing with divorce issues such as property division in Pennsylvania can be particularly complex for those over the age of 49. Here is a glimpse at a couple of items that specifically affect those who are going through a gray divorce, or a divorce in their later years.
Sometimes efforts to make a marriage work are not successful. In these situations, divorce is often unavoidable. However, the process of mediation may make tackling divorce issues, such as property division, much easier than they would be with traditional divorce litigation in Pennsylvania.
The emotional aspect of a divorce proceeding can quickly take a toll on a couple in Pennsylvania. However, if the two parties have high-value assets to split -- or a large quantity of property to divide -- this can also be an overwhelming part of the divorce process. Here is a rundown on how courts handle property division in the Keystone State.
Over the years, people in Pennsylvania who have gotten married have been warned that around 50 percent of married individuals end up getting divorced. However, research indicates that the reality is quite different. According to researchers, the marital breakup rate declined by 18 percent during the period of 2008 to 2016, meaning that fewer people today compared with the past are having to fight over property division and alimony after years of being married.
The dissolution of a marriage in Pennsylvania can understandably be perilous from a financial standpoint. Research shows that this is especially the case for women. Here is a look at what researchers have discovered about the financial impact of divorce on women and how those tackling matters such as property division can best protect financial futures.
Unfortunately, not all marriages in Pennsylvania work out long term. This can be particular devastating for business owners from a financial standpoint, as they may end up losing large percentages of their business assets due to divorce property division. However, a business owner can take a few steps to keep his or her business protected in the event of divorce.
The dissolution of a marriage may happen for a variety of reasons. However, an increasing common reason for divorce is student loan debt. In fact, it is this type of debt, along with other types of debt, that makes property division contentious during divorce proceedings in Pennsylvania.
Going through the divorce process can be emotionally challenging. However, financial challenges can make the process worse, particularly for those who have large amounts of debt on credit cards or personal loans. Here is a look at how property division -- including debt division -- is handled during a divorce proceeding in Pennsylvania.