New Jersey residents and others who are age 50 or older are getting divorced at an increasing rate while divorce rates for other age groups stabilize. One thought is that individuals in this age group grew up during a time when the concept of marriage was about...
Divorce
Paying for a child’s college when going through a divorce
Going through the divorce process while having a child who is preparing to go to college can make the situation more difficult. However, having a financial plan on how to pay for college on top of the changing finances could help.On average, college tuition and...
The option of nesting as a child custody arrangement
Some New Jersey parents might have heard about a child custody trend known as bird nesting. Its growing popularity is reflected in a sitcom about the arrangement, "Splitting Up Together", as well as an interview with actor Josh Lucas in which he discussed how it works...
Lack of financial knowledge could lead to surprises in divorce
Statistics show that older couples are now twice as likely to divorce as they were in the 1990s. Unfortunately, this may present particular financial challenges for some seniors in New Jersey. In particular, women appear to be disproportionately more likely to lack a...
A parent’s role during divorce
New Jersey parents who are going through a divorce should be aware of how to speak to their children about the separation process and what it means. A divorce can impact every member of the family, especially children. Therefore, it's important that any concerns the...
Tips for New Jersey seniors going through divorce
Since the 1990s, the divorce rate for people age 50 and older has doubled. Furthermore, second and subsequent marriages are even more likely to end in divorce for people in this age group. These older couples have several financial factors to consider before...