Going through a divorce presents couples with a unique set of challenges. After building a life together—starting a family, accumulating wealth and property—items that were once shared now require what can be a complicated division process.
Divorce can be stressful for many reasons, but the financial changes it creates may be especially frightening. Splitting assets may leave you with much less flexibility in your budget after the divorce is final. You might also worry that your spouse will start to rack up debt in the meantime to retaliate against you.
Loud arguments, hostile exchanges and – perhaps worse – silent tension. When a marriage isn’t working anymore, the impact on everyone in the house, including children, can be extremely stressful. So, is it really best to stay together for the kids?
The U.S. divorce rate is the lowest it’s been in nearly four decades, according to Time Magazine. As noted in an article published late last year, roughly 17 out of every 1,000 married couples sought divorce in 2015 (the last year for which statistics are available) – a drop of more than 25 percent from the peak divorce rate, reached in 1980, when 23 couples per 1,000 sought divorce.