With the divorce rate in America hovering at 50 percent, chances are good that you or someone you know may face divorce. No one wants to experience divorce, but it is a good idea to prepare for and guard yourself against adverse financial situations. As you age, it is important to understand and know how to protect your retirement benefits. For couples over the age of 50, it is unlikely that you will have to battle over custody, but you could find yourself fighting to retain ownership of your 401k.
Money plays an important role in our lives. While a truism like "money can't buy happiness" is wise to a certain extent, it is a fact of life that financial insecurity can cause a great deal of stress. Money is also important to our future, which is why we set aside whatever we can spare to build a nest egg with the hopes of supporting ourselves through our sunset years.
There is so much going on in divorce that it can be difficult to keep track of everything that you need to do in order to be financially and emotionally stable post-divorce. Custody arrangements, mortgage payments (or selling the home) and property division are just a few of the pressing issues involved in a divorce.