Divorce can oftentimes be very hard on your finances, but did you also know that it can take a toll on your health? Knowing these potential health-related problems can help you to stay healthier while getting your divorce.

Anxiety/Depression

If you are feeling more insecure and stressed, these could be signs of anxiety. Conversely, if you are feeling a bit down, having a difficult time getting out of bed, and feeling hopeless and alone, these could be signs of mild depression. Given the many unanswered questions that attend divorce discussions, and perhaps the worry about the future, anxiety or depression are real possible health risks.

Weight Changes

If you are anxious, or perhaps a bit blue, you could see drastic weight changes – either up or down. Weight fluctuations can be a problem when you are constantly upset or worried and paying less attention to eating complete meals or relying too much on take out.

Heart Disease

Middle-aged men and women are both at higher risk for heart disease when they are going through a divorce, for a variety of reasons. The usual culprit is the combination of high-stress levels that last for a very long time, especially for women.

For women, the inflammation caused be stress tends to last longer, even after the divorce, because they are more likely to suffer more financially, have less emotional support, and to live alone longer post-divorce. For women, the risks are significant: one study showed that for women who have experienced divorce are 24% more likely to experience a heart attack; women with more than one divorce, the increased risk is 77%.

Sleep Issues

Perhaps one of the most common health-related problems during a divorce is sleep issues, which can be difficulty falling asleep, or difficulty staying asleep, or both. Sleep difficulties can be a cause of sadness and other symptoms related to depression, so working on getting a good night’s sleep through stress reduction and exercise is critical to your health.

Chronic Conditions and Mobility

Studies show that people going through a divorce or more at risk for chronic conditions, like heart disease and diabetes, but mobility can become a problem, too. Even simple tasks like walking or climbing stairs can become a problem.

Stress and Immune System Fatigue

With stress comes a weakened immune system, which means that you can get more colds, the flu will stick around longer, and it can contribute to all the feelings that come with depression. When there is stress, your risk for autoimmune diseases, where your own immune system turns on itself, are much higher.

Problems with Digestion

Sometimes a stomach ache can be a symptom of a problem that is caused by high stress and anxiety. If you do not manage these mild symptoms, however, it can lead to further digestive tract systems, like heartburn and indigestion, or even irritable bowel syndrome.

If you are experiencing any of these health-related problems, studies show that devoting time each day solely to taking care of your physical and mental health can help, considerably. Even a quick daily walk and some deep breathing can help to improve your health during a divorce.

There are many reasons people divorce. With as many as fifty percent of first marriages ending in divorce and sixty percent of second marriages succumbing to the same fate, it is important to understand exactly what issues couples feel can not be resolved. While nobody could effectively predict, let alone list, all the reasons that have been given for divorcing, here are the top ten reasons people divorce.

1. Lack of communication – Too often people keep little annoyances inside and allow them to build into large problems. The people in the marriage many times expect their partner to know what they need or want without being told.

2. Money – Lack of money creates stress in the best of situations. When one partner is a free spender and the other a saver, this can create additional stress and blame for financial problems.

3. Sexual incompatibility – Two people who do not think of sex the same way in terms of what and how often soon find this a major roadblock.

4. Lack of trust – Before an infidelity even occurs, there is often a lack of trust in at least one partner. This can make the other partner feel trapped. A lack of trust always indicates a lack of love.

5. Unfulfilled needs – This goes back to a lack of communication. Too often we expect our partner to know and fulfill all our needs but that is too much to expect from one other person. The pressure can become too much.

6. Personal growth – This happens most often when the couple marries young. As we age, some people grow emotionally. Some people find they want a different direction in life. When one partner grows and the other doesn’t, or they grow in different directions, the marriage falls apart.

7. Family interference – Many couples spend too much time involving friends and family in their disagreements. Instead of working on things themselves, they allow family and friends to exert too much influence on their decisions.

8. Lifestyle differences – This often happens when there is an addiction involved. One partner may be a heavy drinker and the other doesn’t drink. One may become addicted to either prescription or illegal drugs and the other partner can no longer deal with the fallout.

9. Arguing – Some couples thrive on arguing constantly, but most get to a point where they don’t want the constant drama and upset. When every little thing sets off an argument, life becomes unhappy and divorce normally follows.

10. Abuse – This can be either psychological verbal or physical abuse. Either partner can be the abuser. As more people are becoming aware of what abuse can do even generations later, couples are splitting up and the abused partner getting to safety sooner.

Regardless of the reason given for divorcing, many boil down to not really knowing the person you are marrying. The ease of divorce makes it easier to jump into marriage. Taking the time to really know the person you are seeking to spend a lifetime with will help make that lifetime not only possible but also enjoyable.

Divorce is frequently, but not always, a fraught topic for many couples. The reason is that divorces bring into play a number of complicated issues like child custody and visitation rights, potential alimony payments, and often the division of assets and debts post-divorce.

So, how exactly does the court view property within the context of marriage and divorce? Just considering some of the things involved and how those, even theoretically, should be divvied up can be daunting. How does someone get half of a car, for instance, or how should pensions and stock options be handled and equitably divided?

Those are great questions, but first, let’s consider what assets are typically involved in divorce proceedings. One of the most common material assets brought up within the context of family law is physical property like homes as well as rental properties and vehicles. Financial assets like stock options, retirement plans and pensions, certain businesses and brokerage accounts might also come into play.

Equitable Distribution and Community Property 

The law in some states maintains that all property acquired after a marriage should be split 50-50 following a divorce (community property state) whereas other states say that the division doesn’t need to be a 50-50 split but merely equitable.

California – along with states like Arizona, New Mexico, and Washington -are community property states where any property that is acquired after your marriage date is divided equally following a divorce. Believe it or not, though, California is one of the exceptions and not the rule in America since most other states are equitable distribution (a.k.a., common law property) states in which judges have more latitude in how they divvy up property.

The interesting thing is that in community property states like California both spouses are said to have equal rights to all material and financial assets acquired after the marriage date. This means that if for instance, only one spouse had steady employment throughout the marriage or earned considerable more than the other spouse, assets are divided up equally between spouses in a divorce proceeding in states like California.

The flip side is that both spouses are considered liable for debts in the same 50-50 manner. In equitable distribution states family law judges would have the legal latitude to give the higher earning spouse more of the debt burden during divorce proceedings, but in a community property state like California, the judge should be applying the “equal ownership” concept to assets and debts alike. This includes credit card debt, interest, car loans and even home mortgages you might be struggling to pay down.

Are There Limits to Community Property? 

Simply put, yes. These limits are dictated by one overriding factor: time. Assets acquired before the marriage and/or after couples have separated with the intention of terminating the marriage are considered separate property owned by each individual spouse. The title to a home or title to a car, as well as other physical property, owned by one spouse prior to the marriage, should be owned by that same spouse post-divorce.

The interesting wrinkle to all this is that sometimes individual property and community property mix during the course of a marriage.

What happens then? If one spouse works at a high-income job throughout the marriage and uses that income to purchase a car or home, then in a community property state like California that car (or more likely, it’s blue book value) would be split post-divorce between spouses. Value appraisals for other material assets like homes, antiques or even retirement assets will typically be valued by relevant authorities like accountants, financial experts and judges themselves.

Divorce is angst-ridden enough without the fiscal complications, but you’ll make it through the financial year more smoothly if you get to know the tax laws. The IRS generally thinks of you as married until the end of the tax year, so even if you divorce on New Year ’s Eve, your marital status won’t change when it comes to what you owe the government. Nothing is ever quite that simple, though. There are more tricks to filing that you need to consider.

Filing Status

The IRS doesn’t always use federal law to determine your marital status. You will have to check the laws of your state. Some let you separate under a decree of separate maintenance, which means you’re considered married until the last day of your divorce. The U.S. hasn’t caught up when it comes to registered domestic partners, who can’t file joint returns under any circumstances.

• If you’re under a decree of divorce, you must file as the head of your household or as a single person.
• If you’re still married, you can file your taxes as a couple or separately under ‘married filing separately.’ Filing jointly is usually easier on the pocket.
• Federal taxes are usually lower if you file together.
• Head of household status can be used if you have children. It comes with extra tax benefits and lower tax payments. If you have custody and will be unmarried by the end of the year, you qualify for this benefit as long as the children are your legal dependents. The IRS redefines custody frequently.

Exemptions

If you divorced last year and have custody of children, you might qualify for childcare and education tax credits. Child support payments aren’t deductible, but they’re not considered income either. Alimony is taxable income, and if you’re the one paying it, it’s fully deductible, too. However, if you receive it as a lump sum payment, it won’t be taxable or deductible.

Tax Returns During Your Marriage

Even if you file separately, you’re responsible for your prior tax returns from years when you filed together. Joint tax returns come with enough complications to make your head spin, so make sure you handle them well in advance and keep yourself safe with an indemnification agreement. This way, if your spouse has due taxes, you won’t be held responsible for them. Any overpayments should be allocated in the divorce proceedings. If your spouse added your name to their returns during your marriage, consent must be formally revoked.

Assets

If you have assets that will be transferred to you during your divorce, they will count as capital gains. When married, you’re not taxed on your home if it’s under $500 000, but when single, you’re only exempt up to $250,000. If you sell the house as a part of the divorce, you might qualify for a reduced exclusion, depending on whether you’ve lived in the home for at least two years of the last five. Retirement assets can be cashed out, but you will have to pay tax on them. The only way to avoid this particular payment is by transferring the funds to your ex-spouse under a Qualified Domestic Relations order.

If your spouse agreed to a joint return and refused later, you’re unlikely to get a court order to force them.

Divorce comes with its fair share of chaos and confusion, and tax law is constantly evolving, which could push you into a different tax bracket. It’s critical to check current state and federal law or, even better, hire a competent professional to advise you.

Divorce at any age is difficult, both emotionally and financially and a late-life divorce can be even more devastating. As the population in general ages, we are seeing more divorces occurring in couples who have been together for decades. These “gray divorces” pose additional issues that are often not present in a divorce between younger couples.

A Late-Life Divorce: Going From We To Me

Many couples over fifty may be on their second or third marriage. Others have been together for thirty years or more. They have bought a home, raised a family and prepared for retirement. Determining who gets what is more complicated than I’ll take the house and you can have the car. The longer the  couple has functioned as one unit, the more difficult the financial aspects, in particular, can be to sort out.

Your Home

Determining who gets your home isn’t simply a matter of handing over the deed. The person who keeps the house will need to take into account the taxes they need to pay every year, the cost of any repairs and if the home is to become rental property, the income that may be generated from it over the coming years. This can all have an impact on alimony payments, the division of other property and even how retirement benefits are divided. If you sell your home, living expenses change regarding needing to pay rent and utilities.

Retirement Benefits

Retirement benefits are even more complicated to divide in a late-life divorce. You may have contributed equally to any retirement plans or one partner may have been the sole contributor. In either case, the benefits will need to be divided so that each person has something to live on during those years. Division of retirement benefits will depend greatly on other financial factors. How will the divorce affect social security payments if the original receiver dies?

Health And Life Insurance

Aging couples often have to deal with decreasing health in addition to other issues. Who is responsible for the health insurance, and how much, becomes a factor. Life insurance policies often have each half of the couple listed as the beneficiary. It will need to be determined whether this is to remain the same or if the beneficiary information will change. It is possible that if either party remarries, financial information will differ and you need to take this into account.

Estate Planning

Wills need to be re-examined in light of the changing relationship. As a couple, you may have written wills to reflect your partner as the sole recipient of your property and other assets. You may have left that partner in charge of carrying out your final wishes. Now, you will both have to determine if this arrangement is actually the best for both of you. Often, it will be better to revise each of your wills to reflect the changed status of your marriage.

Seeking Assistance

Later-life divorces have so many financial nuances that going it alone can make it confusing and make an already chaotic time overwhelming. Seeking the aid of an experienced divorce lawyer who has knowledge of all the special financial considerations unique to late-life divorce. Seeking assistance can make a major difference between being able to survive this split with enough to get through the remaining years of your life or being destitute and feeling like you are completely starting over financially. In the end, you have enough to deal with emotionally that you don’t need the stress of trying to untangle the financial aspects alone.