When two individuals decide to marry, they generally expect their marriage to last a long time. The reality, though, is that financial problems may quickly cause the marriage to break down. This is why many couples in Pennsylvania are now creating prenuptial agreements before they say their I Do's. For currently married couples who never put together prenuptial agreements, however, there is still hope. They can create what are called postnuptial agreements, which can help them to protect their financial interests in the same way that prenuptial agreements can during divorce.
In the United States, including in Pennsylvania, people generally dream of getting married and living in marital bliss long term. This is why divorce can be so painful: it is the opposite of the American dream. Unfortunately, between 40 and 50 percent of Americans who are married end up getting divorced. However, divorce can certainly come with positives as well.
Breaking up with a spouse in Pennsylvania is undoubtedly a difficult event for an adult to experience. Still, just as adults can be negatively impacted by divorce, children can also experience the negative effects of divorce. Fortunately, parents can help to mitigate these negative effects in a couple of ways.
The rate of marital dissolution today is relatively high for individuals under age 50. However, the rate of divorce for people over age 50 has doubled since the early 1990s. Although divorce in Pennsylvania can certainly be tough both financially and emotionally at any age, those who are going through divorce later in life face unique challenges compared with their younger counterparts.
Research shows that millennials in Pennsylvania and elsewhere -- those who are currently in their 20s -- are deciding to stay married. As a result, millennial marriages are lasting a lot longer than the marriages of previous generations did. This, in turn, is causing the national divorce rate to drop drastically.
The dissolution of a marriage can be not only financially but also emotionally difficult on both of the spouses going through it. However, research shows that divorce can be especially tough on men. Here are a couple of reasons why men in Pennsylvania and elsewhere may have a hard time navigating the divorce process.
The dissolution of a marriage can easily throw a wrench in a person's retirement and savings plans. However, these are not the only long-term plans affected by divorce. It is critical that divorcing parents also work out how they plan to cover their children's college expenses in Pennsylvania.
Many individuals in Pennsylvania enter marriage with the expectation that they will enjoy marital bliss for many years to come. Unfortunately, sometimes divorce is inevitable. For this reason, creating a prenuptial agreement may be a smart move for couples who are about to marry.
Things are different today for couples who have decided to call it quits. Couples in Pennsylvania who wish to divorce will find the process much less complicated today, and there is less stigma attached to conscious uncoupling. Yet there are still some people who can be labeled divorce-a-phobes, and they don't miss a beat when it comes to shaming those who are divorced. But the culprit may actually be marriage.
Dissolving a marriage generally is not a pleasant process, no matter how amicable the two divorcing spouses may be. After all, divorce can impact a couple both emotionally and financially. The financial aspect of divorce can especially be unsettling for those nearing retirement in Pennsylvania.