Articles Tagged with post-divorce issues

relocation-400-07509883d-300x150A recent decision by the New Jersey Supreme Court has changed the way divorce courts now decide cases involving the relocation of children.

When considering divorce matters dealing with the custody of children, courts apply the “in the child’s best interest” standard.  One exception to that has been the issue of moving children out of state against the other parent’s wishes. In those cases, the courts instead considered whether or not such a move would “cause harm” to the child. Until now, that is.

To learn how a recent ruling has changed the courts’ approach to this relocation issue read, “Court changes rules for divorced parent who want to leave N.J. with child.”

gray-divorce-400-05339652d-300x201Gray divorce — the term given to couples age 50 and older who terminate their marriages — seems to be a growing trend.

The National Center for Health Statistics reported that in 2015 there were 10 divorced people for every 1,000 married people age 50 and older in the U.S., compared with 5 divorced people for every 1,000 married people in that age group in 1990. In the 65+ age group, the 2015 divorce rate was 6 for every 1,000 married persons, which was 3 times the 1990 rate. See “A costly ‘gray divorce’ can upend your retirement plans.”

While couples at this stage of life may not have to worry about such issues as child custody and support, divorce still takes an emotional toll and can endanger the couple’s retirement funds. If these funds are not properly divided and transferred, the couple risks tax consequences and possible penalties that can be devastating to their financial well-being. To learn about important steps to take to protect your retirement funds in the event of a gray divorce, read “5 Retirement Moves for Recently Divorced Couples.”