Women who live in Nebraska and face the prospect of a divorce know that their lifestyles may end up seeing some changes, at least temporarily. It is always more expensive to maintain two households than one. For women who are over 50, they must also face the fact that they have less working years ahead of them than their younger counterparts, so there is less time to regain lost assets.
If you are one of the many people in Nebraska who is over the age of 50 and are in the process of a divorce or discussing a potential divorce with your spouse, you will want to pay special attention to some financial matters that will be different for you than for a couple in their 20s or 30s. Gray divorce, the term used to reference divorces among people over 50, is more common today than ever but it does pose unique concerns for people.
Among the more misunderstood (and potentially contentious) aspects of property division proceedings during a divorce is the dividing up of a 401k. Many 401k account holders in Lincoln may fail to grasp why such funds (which come as a result of their own individual efforts) would be subject to property division. It is important to remember that any income earned during a marriage is considered shared, and as 401k contributions are typically pulled from one's income, they are also deemed to be marital assets.
After the finalization of your Nebraska divorce, there will undoubtedly be times when you or your ex is unable to meet the terms and conditions of your shared parenting agreement precisely. Maybe your son's dentist appointment ran over time and you could not drop him off until an hour later than what the parenting plan specifies. Maybe your daughter went for ice-cream with friends after school and your ex brought her by as soon as she got home. The courts expect and allow for interferences such as these, as they are out of either parent's control. However, what the courts do not allow is intentional interference with parenting time by either one of the parents.
In Nebraska, parents who are court ordered to pay child support must make these payments or risk going against the law. Unfortunately, that incentive isn't always enough to spur a parent into paying. What can you do if you are getting shortchanged out of the child support you rightfully deserve?
Residents in Nebraska who own homes with their spouses and who are getting divorced often want to try and keep their homes after their divorces are final. This can be an especially appealing option for families with young children as it maintains some continuity for the kids. However, care should be exercised when doing this to ensure that the spouse who leaves the home does not unknowingly remain financially responsible for it.
If you are considering divorce in Nebraska, you may be assuming that everything is automatically split down the middle, fifty-fifty. However, unlike the movies lead you to believe, that is not the way it works in most states. At Monzón, Guerra & Associates, Attorneys At Law, our experienced team focuses on obtaining the best outcome for you.