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October 2013 Archives

Gray divorce can affect retirement

Many people across the United States save up for their retirement with the goal of having a good life after leaving the workforce. However, life changes such as divorce may affect that goal. Between 1990 and 2010, gray divorces, or divorces between spouses 50 and older, doubled. In 2010 alone, one in four divorces were between baby boomers. Experts believe that the trend is caused by the increasing lifespan of Americans, among other factors.

Paternity: a child needs both parents

Traditionally, the ideal household includes a father, a mother and a child, but times have changed. Single parents now run many American households, including those in St. Charles, Missouri. In many of those homes, a single mother acts as the custodial parent of the child and the provider for the family.

Dividing marital property in a high-asset divorce

As many Missouri residents may know, divorce nowadays can happen at any stage in life. Increasing numbers of older couples are now divorcing after many years of marriage, with at least one or both spouses 50 years of age or older. This national shift in divorce demographics now means that one in every four divorces involves older couples, a number that is twice what it was in the 1980s.

Resolving the parent's dilemma in child custody and divorce

From the day when both spouses decide to divorce, up to the day when the divorce is final, ending a marriage involving children is emotionally and mentally challenging for the family. However, the divorce is such a crucial time for parents and their children, especially on child custody issues like parenting time, visitation rights and schedules. Divorcing parents in St. Charles, Missouri, likely have the same dilemma when it comes to their children.

Is an engagement ring property to be divided in divorce?

Equitable division in St. Charles, Missouri, usually involves the division of marital properties such as real estate, bank accounts and business assets. However, with the rising costs of commodities nowadays, there are some divorcing spouses asking if the wedding rings or the engagement ring is a property that should be divided in divorce.

Joseph J. Porzenski
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