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Getting control of finances after a divorce

Connecticut residents who have gone through a divorce know what a toll this process can take on their finances. It is important for individuals to be as proactive as possible as they try to rebuild their life and get back on track financially. Here are a few tips to help.

Divorce usually means that a person has more expenses and less income to work with. In order to deal with this change, it is important for a person to rework their budget in order to fit their new financial reality. The more quickly a person can change old spending habits and stick to a new budget, the more financial security they will have in their future.

Can shared custody ever be easy?

Parents usually want to spend as much time as possible with their children. This may be especially true for divorced parents, whose time is already limited as it is. However, many parents just like you are choosing shared custody instead of fighting for primary custody. While this can be extremely beneficial for you and your child, getting accustomed to shared custody can take time.

Even with the best of intentions, you may make some decisions that compromise the stability of your shared custody. On the other hand, it might be hard for you and your ex to agree on certain matters. These issues may seem impossible, but with the right approach, you can have a successful co-parenting relationship with your ex.

Cryptocurrency and divorce settlements

When couples in Connecticut and around the country divorce, asset division is an important element of the process. This is because there is an assumption that both parties should be able to leave a marriage with the resources needed to rebuild their finances and move on with their lives. Doing this requires careful accounting of a couple's finances and debts.

Unfortunately, determining the value of a marital estate, which includes monetary assets, such as bank and investment accounts; real estate; personal property; and, in many cases, debts, has become more challenging in an age of cryptocurrency. Many individuals have elected to invest in cryptocurrency, which can be difficult to value given that it is a relatively new financial instrument that is a part of a volatile market.

When a spouse hides assets during a divorce

The financial aspects of a divorce can linger on for many Connecticut couples long after the practical issues have been settled and the romantic relationship is over. However, when there is a wealth disparity within the marriage, one party may be tempted to "protect" some assets from the other spouse outside of the framework of the law. Equitable distribution means that not every asset will be divided directly in half. Nevertheless, some spouses, whether motivated by greed or a desire for revenge, continue to hide assets in order to prevent them from being included in the divorce settlement.

In many cases, the higher-earning partner in a marriage may have much higher levels of knowledge and control about family finances. This means that the other spouse may be at a serious disadvantage when it comes time to negotiate property division in a divorce. They may be relying on the spouse's claims and assertions. It can be important for both spouses to have full access to all financial paperwork and independently investigate claims about accounts, investments and other properties.

These tips could help get the best divorce settlement possible

Like most other Connecticut spouses, you got used to a certain standard of living during your marriage. Now that it is ending, you fear that you will struggle financially. While it is true that some financial changes are inevitable, you can work to get the best possible settlement.

Not all divorces deal with child custody issues, but all of them do deal with the division of property and other financial issues. It may feel callous, but when it comes down to it, approaching the divorce process as dissolving a business and putting aside your feelings regarding your soon-to-be ex-spouse could help you meet that goal.

Health implications of a gray divorce

For individuals in Connecticut and elsewhere who are going through a gray divorce, the psychological and physical health impacts can be major, especially if they had previous health problems. However, these health impacts should be considered since divorce rates for those who are 50 years of age or older have nearly doubled since 1990.

In some cases, people who get a divorce after the age of 50 may experience psychological conditions such as depression, anxiety and chronic stress. Individuals who were in abusive relationships may even endure post-traumatic stress disorder, which can cause symptoms such as nightmares or flashbacks. Furthermore, psychological conditions can be linked to physical problems. Chronic stress, for example, can be linked to heart disease, insomnia and high blood pressure.

Issues that often spark marital problems and divorce

Like most Connecticut married couples, you and your spouse have likely encountered challenges in your relationship at some point. Even newlyweds sometimes find they're not getting along as well as they'd hoped. In fact, some couples argue on their honeymoons. It's part of marriage to have ups and downs in a relationship. However, certain issues or problems may prove more difficult to resolve than others.

If you've determined that your relationship is no longer sustainable, you may be among those in Connecticut who file for divorce this year. While no two situations are exactly the same, you may find that you relate to other people's experiences, even regarding the issues that led to your wanting a divorce. You may also find that talking to others who have gone through similar circumstances can help provide resources that help build a strong support network as you navigate life changes divorce often prompts.

Tips for responsible social media use during divorce

Connecticut couples who want a stronger marriage might want to consider cutting back on their social media usage. A study conducted by researchers at Boston University and several other organizations found a correlation between higher social media use and lower marital quality. People who are thinking about divorce or going through a divorce might also want to cut back on social media postings.

It is better to turn to relatives, friends or a therapist to vent about the divorce instead of putting negative posts on social media. People should also avoid sharing details about the divorce negotiations or final agreement. Spouses who are divorcing amicably might want to make an agreement about when they will discuss the divorce online. If there are kids involved, parents may want to include guidelines in the divorce agreement about whether children's photos or other information will be allowed on social media. Above all, people should keep in mind that any information they put online could be used against them in the divorce.

Is money disappearing from your account during divorce?

When you decided to file for divorce in a Connecticut court, you knew it would affect not only your own life but your children's as well. You also believed, however, that, with the proper guidance and strong support network in place, you and your kids would be able to leave the past behind and move on to a new lifestyle in as healthy a manner as possible.

You had hoped that your spouse would cooperate and compromise, as necessary, to achieve a fair settlement and co-parenting plan. You now suspect he or she isn't playing by the rules regarding marital assets. Perhaps you've noticed certain signs that your spouse might be trying to hide assets, so you don't get them when the judge issues a property division ruling. It's critical that you understand your rights and know where to seek support to help protect your interests.

Post-divorce care for children

The aftermath of a divorce can be difficult for children to handle as they try to become adjusted to a new life. However, there are some things that parents in Connecticut can do to protect their children after a divorce and ensure that they are able to enjoy their new life.

Parents should keep in mind that their children are not adults and should be provided an environment that allows them to be children. Parents should make every effort to refrain from burdening their children with adult communications or responsibilities.

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