A woman who marries after 30 years old is only 8% likely to get divorced as opposed to the near 50% of those who divorce after being married in their twenties or younger. Although the divorce rates are lower as one gets older, there are other disadvantages to waiting to get married. Sociologists have found that those who marry later are less happy and satisfied with their marriages. The research also suggests that couples who marry in their twenties have more frequent sex and are “more likely to hold a common faith and share common memories” – all factors that [...]
Best Buy’s CEO Hubert Joly recently sold $10.4 million in stock, according to a Securities and Exchange Commission Filing. A company spokesperson shared that sale was because of his divorce, not because of his outlook for the company. Joly is originally from France and shares two children with his ex-wife. It seems as though his ex-wife will be receiving a portion of the profits from the sale. Joly took position of CEO at Best Buy on August 17, 2012 after resigning from CEO of Carlson Wagonlit Travel. Since he took over as CEO of best buy, the troubled electronics retailer [...]
According to a recent Los Angeles Times article, divorce rates are rising due to the country’s improved economy and the recovery of the housing markets. During the economic crisis many couples chose to stay together because splitting their assets, including homes that were upside down in their mortgages would have been detrimental to their financial outcomes. Now that home prices are recovering at a rapid pace in many states, couples waiting to get divorced and sell their home for a profit are doing so. “Prior to the recession, a couple’s home was one of their largest assets to divide,” said [...]
Though your child’s parent and you may agree that your current child support order should be modified, a judge must still approve the modification for it to be legally enforceable. If you and your child’s parent do not agree on a modification of the current order, you must ask the courts to hold a hearing where you will argue your side of the proposed modification. Have your circumstances changed? Most of the time, the courts will not change a child support order unless the parent proposing the change can prove that circumstances have changed. This often helps keep stability within [...]
All legally married same-sex couples will have access to federal tax benefits, even if they live in a state that doesn’t recognize same-sex marriage, such as Arizona. The IRS and the Treasury Department made the announcement in early September, and it settled the debate whether federal recognition would apply based on the state of marriage, or the state of residence of the couple. Clarification on the issue has been awaited ever since June when the U.S. Supreme Court struck down the federal Defense of Marriage act which banned the federal government from acknowledging LGBT marriage. Same-sex couples can now move [...]
According to a recent study, the divorce of a friend or close relative dramatically increases the odds that your marriage will end in divorce too. Brown University studied the data of thousands of Framingham, Mass. residents regarding marriage, divorce, and remarriage over thirty years and found that participants were 75 percent more likely to become divorced if a friend is divorced, and 33 percent more likely to divorce if a friend of a friend ends his or her marriage. Social Contagion “Social Contagion” is the term that scientists use to best describe this social phenomenon. This term refers to the [...]
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