Retirement accounts, investment accounts and home equity are usually part of the equation as a Michigan couple grows older and approaches their golden years. However, research is also showing that for more and more of these couples, divorce is also becoming a reality. The number of Americans over the age of 50 who decide to divorce has almost doubled in the past 30 years.
It's done. You got the agreement hammered out, it's been signed and you are now officially divorced. Your next step is making sure your assets and property are in your name alone. But is there one thing you are forgetting?
Years ago, the typical Michigan household consisted of mom, dad and the children. However, today's reality is that many households have gone through the divorce process, and one parent is no longer an everyday presence in the home. Regardless, for the most part, the noncustodial parent is diligent in meeting child support obligations.
Tea parties, baseball games and homework are all an important part of a child's life. In some Michigan families, both parents are available to participate in and be a part of these activities on a daily basis. However, in other families, these activities are often split between the parents as the result of divorce.
The details have been finalized and the big day is approaching. As the Michigan couple prepares to exchange their vows, they also need to prepare to protect their future. The number of marriages that end in divorce suggests that a prenuptial agreement is an essential document in protecting one's future.
At some point in time, each individual must recognize the fact that he or she will eventually die. While this is typically not a favorite topic of conversation for most Michigan residents, it is an inevitable fact that should be addressed and planned for. Proper estate planning can make a tremendous financial difference for the beneficiaries of one's estate.
Many conditions of a person's life could impact his or her health. While some factors may seem obvious such as diet and living conditions, there are some other scenarios that may have more of an impact that realized. For instance, Michigan children whose parents went through a difficult divorce may be more likely to have immune system issues as adults.
Though all relationships have their ups and downs, some individuals may notice that they have more dips than highs. As a result, they may begin to question whether continuing with the relationship is worthwhile. For many Michigan residents, certain catalysts could lead to their considering divorce, and in the long run, they could realize that this route provides the best solution to their issues.
Everyone looks at the idea of ending a marriage differently. Some individuals may think that everyone should try to work through their problems and stay together no matter what, while others may understand that not all marriages are meant to last. The manner in which a person approaches his or her divorce can have a considerable impact on how the process moves forward, and many people find success in striving for amicable cases.
Many individuals, including Michigan residents, may scoff at the idea of successful marriages. Though it may seem snide and cynical to believe that a marriage cannot remain happy forever, this idea may be common due to the continued use of outdated statistics relating to divorce. In fact, individuals may do better to simply assess their personal circumstances when it comes to the potential success of a relationship.