Most divorcing parents experience some level of guilt and worry over the impact of their decision to split up on their children. While divorce is difficult for children, so is having parents who stay together in a marriage where there is arguing, silence, volatility...
Month: March 2015
What kind of financial struggles do women face after divorce?
While divorce can have a negative economic impact on both spouses, it can be particularly difficult for women. While no one wants to consider the possibility of divorce, some women have learned the hard way that it's important to be prepared to care for yourself and...
Protecting your credit score during and after divorce
A divorce can wreak havoc on your credit score. This is particularly true for people who were not the primary wage earner in their marriages and/or those who ceded control of financial matters to their spouses.Regardless of your role in the family finances during your...
Are couples more likely to divorce when the wife becomes ill?
The words "in sickness and health" are a part of many couples' wedding vows. However, for some people, staying together when one spouse gets sick is easier said than done -- particularly when the ill spouse is the wife.Those are the findings of a university study...
Understanding the tax impacts of child support and alimony
For North Dakota and Minnesota residents facing their first tax season after a divorce, it's essential to know how alimony and child support may impact your income taxes. This is true for both those paying and receiving the money.If you are receiving alimony, it is...