When people in Arizona decide to divorce, one of the most fraught issues can be how the marital home is dealt with. In some cases, both parties want to keep the home; in other cases, finances mean that it must be sold. There are a number of issues for people to consider when they decide how to handle the family home during a divorce. One of the first things to understand about the home is whether the couple has a large amount of equity already or only a small amount because it can help both parties determine their potential future legal and financial obligations.
Divorce is clearly a life-changing event for all concerned, but people have different ways to cope with the stress. Unfortunately, too many newly single Arizonans make impulsive or poorly thought-out decisions that can have negative consequences for years to come. Many of these ill-advised choices come in dealing with finances, an area that is particularly vulnerable due to the fact that two households must now be established where one stood previously.
The risk of divorce for Arizona couples who live together before getting married may be higher over the long run than for couples who do not. A study that appeared in the September 2018 issue of Journal of Marriage and Family reported that couples who cohabited before they got married had a higher risk of their marriage coming to an end.
Divorce can have a significant impact on an older person's ability to retire. Those who end their marriage after the last day of 2018 may also have to contend with changes to the tax treatment of alimony payments. Starting on Jan. 1, 2019, Arizona residents and others who make alimony payments will no longer get a tax deduction for doing so. Anyone who receives an alimony payment can no longer claim it as income.
There are many different personality traits that could determine if a person is going to have a successful marriage. For instance, if a person has a fragile ego, it could mean that he or she looks for attention from other people. If an individual shies away from conflict, it may hinder the relationship's progress. This is because arguments are what allow couples to communicate and resolve issues in a healthy and timely manner.
Getting a divorce has always been a very expensive process. Due to the passage of the Tax Cuts and Jobs Act, however, soon-to-be exes in Arizona may find that divorce will be even more expensive if they separate after 2018.
Experts say that divorce may be on the rise for people who are 50 and older because women are no longer as dependent on men financially, people's expectations for marriage have changed and people are living longer. However, older adults in Arizona who divorce might also be putting themselves at risk for various health problems along with financial problems and social isolation.
Some people in Arizona may be uncomfortable with the idea of a prenuptial agreement. They might worry that having one will make them more likely to divorce, that family members may object or that they might have to admit to embarrassing secrets such as debt or bankruptcy. However, creating a prenup can be a good opportunity to have an honest conversation about money.
Although the number of total U.S. marriages that end in divorce is consistently around 50 percent, there has been a slight decrease in that trend overall in recent years. When one looks at the marriages of people over age 50, however, the statistics tell a different story. Since 1990, half of all marriages for those over age 50 end in divorce. For those over age 65, divorce rates have tripled.
When couples in Arizona decide to marry, the last thing that may occupy their mind is how their wedding date could be related to their future happiness. Couples select wedding dates for a wide range of reasons. Sometimes, they select a particular date that is important or sentimental for the couple. At other times, couples choose a time and date that is most convenient for family or that offers a discount at the wedding venue. Others may choose a holiday or other special occasion. According to one study conducted at the University of Melbourne, there is a correlation between certain wedding date selections and a couple's later likelihood of divorce.