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How divorce impacts retirement in Connecticut

Unfortunately, marriage today doesn't always mean til death do part. Some couples who have been married for years find themselves in the untenable situation of having to discuss divorce. Connecticut couples who are aged 50 and over and who are facing a life-changing event may be wondering how divorce will affect their retirement plans. The fact is, since 1990, what is known as gray divorce has doubled; in those circumstances, it seems the longer a couple was married, the more retirement might be affected.

Can a husband's job status lead to divorce?

Losing a job can have disastrous effects in many areas of life. Experts say divorce could likely be added to the list if a husband becomes unemployed. A Harvard research study shows that if a man in a domestic partnership or marriage loses his job, he could also lose his relationship. This could also be true for Connecticut couples. 

Life after divorce in Connecticut can be peaceful

As the song says, breaking up is hard to do. But life after -- and even during -- divorce can eventually be happy and peaceful again. Living life as a single in Connecticut can take a little getting used to. Happiness is a choice, no matter what life throws into the mix. Being mindful and living in the moment might help with the stresses brought on by the end of a marriage.

Should there be physical separation before divorce?

Ending a marriage is a decision most couples never enter into lightly. Divorce is not only stressful and potentially costly, but it can affect other aspects of life such as friendships and family relationships. But if a Connecticut couple has tried and they see no way to fix their marriage, perhaps physically separating before making a final decision to divorce may help each person make that final decision to either reconcile or to divorce. 

Divorce is no long a four letter word

There used to be a time when just the mention of the word divorce would cause all kinds of embarrassment and shame. But divorce has become commonplace in the 21st century, and instead of hiding in the shadows like people used to do in the 30s and 40s, divorced couples can hold their heads high since splitting up these days doesn't hold the stigma it once did. So, Connecticut couples who divorce no longer have to view themselves as relationship challenged.

Don't discount a 401(k) in a divorce agreement

Not everything is on the table when it comes to asset distribution when a couple separates. Some Connecticut couples heading toward divorce may not be aware that a partner's retirement or 401(k) plan could be a divisible asset if it meets certain criteria regarding the laws that govern retirement plans. In most instances, federal law provides that these types of plans can't be switched over to someone else; however,  there is a provision that allows a family court to order a retirement plan be shared with a spouse.

Enforcing Connecticut divorce agreements

When a divorcing couple reaches a settlement, each likely believes what is included in the settlement will be enforced. Sometimes, though, issues surrounding divorce in Connecticut aren't always that cut and dry. There are certain steps that have to be taken when it comes to getting the most out of a settlement or separation agreement, and that may leave divorcing couples feeling disheartened.

Some Connecticut couples' divorce situations are in the gray

Some long-time married couples are deciding to call it quits. The reasons for divorce are as personal as marriages themselves. However, it seems a lot of times children hold couples together, and once they've flown the coop, some Connecticut couples realize they have very little in common anymore and begin living separate lives. In these kinds of circumstances, some partners decide to formally end their relationships and decide to divorce.

How an inheritance is affected by divorce

If one individual in a marriage comes into money through an inheritance left to him or her without mention of a spouse, what happens to that inheritance if the couple splits depends on what was done with the money? If a Connecticut couple decides to divorce and one person inherited money during the marriage, usually the inheritance in not deemed as marital property and considered to belong to the person for whom it was left. Also, any items bought with inheritance money, like a car or boat, would belong to the person who inherited the money.

Why collaborative divorce may not be right for some couples

Couples get divorced for a reason -- sometimes many. Collaborative divorce in Connecticut, often touted as a more peaceful means to end a marriage, may not be the best way of handling a split. Sometimes the animosity between a couple may be too great for them to divorce amicably, even with outside help.

We Listen, We Help, We Care

  • Wendy helped guide us through a very difficult and emotional process and was really able to provide an even and fair account for both parties. It's quite evident in her expertise in this area but the way she was able to make you feel safe and secure in a very insecure time goes far beyond her legal prowess. If the two parties are really willing to cooperate and collaborate, she's there to help gain the best possible solution for all involved, especially if there are children.
  • Regardless of how committed one is to the fact that divorce may be imminent and necessary, it is truly one of the most emotional and stressful situations one can experience. It can also be daunting. Wendy has a remarkable ability to cut through the noise and help you focus on the big picture while drilling down on what is most pertinent to your particular situation., they are a formidable team who work collectively with your best interests in mind.
  • Wendy and her staff were a delight to work with. During this difficult process I felt confident that the outcome would be fair and balanced, as it did. Very supportive, always well prepared and very knowledgeable. Would choose them all over again!
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