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Harrisburg Family Law Blog

What Happens To Retirement Funds In Divorce?

Divorce can turn anyone's life upside down. But for those nearing retirement, an additional concern rears its head: What will happen to the retirement funds I worked so hard to build? The consistent increase in the divorce rate for couples over 50 over the last few decades means many people are asking themselves this question. The two primary challenges for this age group are addressing a limited pool of assets and creating a property division that leaves both parties in a comfortable situation for retirement.

How to help your children adjust to divorce

Divorce is not only between the two spouses. It can have an impact on family, friends and especially children.

And as stressful and confusing as divorce can be for the parents, it is even more so for their kids. Here are some helpful tips for how Pennsylvania parents can help support their children during and after a divorce.

Parenting after divorce: How do we make decisions?

Nowadays, most divorced parents share joint legal and physical custody of their children. Pennsylvania family courts and specialists favor joint custody since it is beneficial for the child to maintain a healthy relationship with both of their parents. 

However, joint custody does not come without its challenges. And one of the challenges that parents have to face is how they will make decisions about their children's lives after a divorce.

Financial security should take priority in gray divorces

As life expectancies increase, divorce is becoming a more appealing option for people over 50 years old who realize they are no longer happy in their marriages. Although gray divorce, a term for divorce involving spouses over 50 years old, is becoming more common, it can involve devastating financial consequences.Every person going through divorce should plan for the potential impact divorce could have on his or her financial situation. However, if you are at least 50 years old, you may have greater financial considerations during divorce than those under 50 years old have.

What Happens To Retirement Funds In Divorce?

Divorce can turn anyone's life upside down. But for those nearing retirement, an additional concern rears its head: What will happen to the retirement funds I worked so hard to build? The consistent increase in the divorce rate for couples over 50 over the last few decades means many people are asking themselves this question. The two primary challenges for this age group are addressing a limited pool of assets and creating a property division that leaves both parties in a comfortable situation for retirement. 

Could you change your child custody arrangement?

After establishing your child custody order, you might feel as though it is etched in stone until your youngest child turns 18. Though not all issues warrant a change to your order, certain circumstances might leave you wanting to make some changes.

If your current visitation schedule is working for you, your former spouse and your children, a court may not be willing to change it. However, if the court agrees that the change you petition for is in the best interest of your children, they may consider making a modification. Under what circumstances could you request to modify your custody arrangement?

Love yourself, even if you no longer love your spouse

When you decide to file for divorce, you probably have numerous fears and regrets, not to mention anger. With escalated emotional distress often comes the opportunity to lose your composure in the moment, resulting in words you wish you could take back.

Although there are plenty of things you may want to say or do to your spouse, you might want to think about how doing so would make you feel. Instead of seeking revenge, bringing up old hurts or potentially trying to blame your spouse for your divorce, you might be wise to consider ways you can minimize the pain of your divorce.

Why hearing “no” is important during mediation

If you are like most people, having someone tell you “no” can be frustrating. It may feel like a denial of your wishes or a quick way to shut down a conversation. However, saying “no” is extremely important. And hearing your spouse say it may be even more so.

Contrary to what you might believe, “no” can be a vital means to the end of your marriage, especially during mediation. Since a lack of standing up for yourself can affect your mental health, it is just as important to say what you do want as what you want. And while the underlying belief may be that uttering that seemingly simple two-letter word is negative, the reality is that “no” can hold health and healing.

Is adoption the right choice for you?

At some point in their lives, many people consider adopting a child. Whether they are insprired by someone else's adoption story or wish to adopt a stepchild, this decision should be accompanied by seeking answers to your burning questions.  Is this the right time in my life? How much will this cost?  Does my spouse have to adopt the child also?  What if I am single?  

Cryptocurrency can affect divorce court

Most people who have gone through a divorce will likely tell you it is a painful process. It is difficult to accept that your relationship has changed so drastically. And it might be hard to wrap your mind around how this happened to you.

Matters of child custody arrangements and property division might be difficult to navigate. However, if cryptocurrencies are involved, your disputes could get increasingly complex.

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