The 5 best times to get divorced
After you've built excellent credit scores is one of them.
This post comes from Daniela Baker at partner site Money Talks News.
Divorces are difficult for everyone involved -- not just because of the emotional turmoil, but also the financial toll. Thankfully, both partners can take some steps to come out of the proceedings in the best financial situation possible.
Much of it depends on timing.
I hope there's no divorce in your future, but if there might be, here are the five best situations to start from, along with the reasons why:
Community property laws vary by state but some states view debts as well as assets as community property. So if your spouse has accumulated quite a bit of credit card debt during your marriage, you could be held legally responsible for those debts. If he or she decides to stop making payments on those cards, you might have to pay. Fail to do so, and your credit could take a serious hit. Post continues after video.
When it's a seller's market. Unless you've determined that one of you will get the house as part of the divorce settlement, you'll be in a much better financial situation if you divorce during a seller's market -- a period of strong prices. This will help get the most money from the sale of the house, so you can cover all mortgages and have money left over to split.
More on Money Talks News and MSN Money:
VIDEO ON MSN MONEY
Even if you're not Christian or if you are very skeptical about this Christianity thing, I encourage you to watch 2 movies; fireproof and a vow to cherish. It will show you that the best thing for all of us (married people and men, in particular) to stay loyal to our wives, REGARDLESS.
Once we start compromising in the little things, it will become the norm to treat our spouses as commodities instead of precious human beings. The true freedom is to value and cherish our spouses and be committed to our vows, otherwise, it is chaos.
Lastly, believe it or not, our children are watching us (not how we accumulate wealth and go up the corporate ladder) but how we treat our spouses with respect and dignity.
BELIEVE ME, THEY ARE WATCHING US. The best legacy and inheritance to leave behind is building their character for them to grow up with honor and virtue.
May God use my comment for His glory.
"The best time to get a divorce???? Really? Damn, what happpened to death do you part? In todays world of the quick fix and lack of commitment divorce is very prominant unfortunately. You can tell where this writer is coming from becuase it just all about the money...."
I think that is why the article is from Money Talks News?
Ok... I don't believe this is a good article to post. There isn't really a good divorce at anytime, so I intend to stay married. I honestly believe you shouldn't say I do if you mean I do until something is wrong, tthen it's I don't.....
Well, all of you can agree or disagree on divorce, but when the husband CHEATS for 27 yrs of marriage with his x girlfriend,then you do get a divorce ,I married for the long haul,bad,good,sick, health,etc. But apparently he did not, so you cannot blame me for getting a divorce now. Kids are over 18. He wants to stay with the family,but he says he did not think about the family when he was with ow( 8 yrs older than him), and he screwed with a 25 yr old as well. I don't think anywhere - it says no divorce if this happens, forgiveness does not work either,where do you start?
Like most topics each situation and marriage is unique and I would never judge any one too harshly for divorcing. That being said, I will be celebrating my 21rst anniversary next month.
The article is fitting for the times we live in as divorce is so commonplace, and people contemplating a divorce, do need as much information as they can get. Finances are very important. Poverty sucks. I think this article is important for today's society
I don't understand why there are so many people criticizing this article. Although divorce should never be the easy way out, we must be realistic that nowadays it is too common. Because it is so common, the more educated couples are about their options the better everyone can come out of the situation. It is a FACT that financial hardship comes from a divorce. It is no secret. Let us welcome the wisdom of those who had to endure and go through this tough lesson.
Instead of fighting an informative article, take the time at home to make sure that the proper values are being given to children. That young adults know that marriage is a serious commitment both emotionally and financially. But above all, to know that it takes dedication to endure the obstacles that marriage will face through the years and courage to know when it is time to let it go. To do the selfless thing for both parties involved and search for what is healthy for both, even if that means divorce.
I completely agree that divorce should be a last resort...but that is not what the article is about. The reality is, whether we approve or disapprove, people divorce.A lot. And finances are a real life concern and necessity. So as a mother of three and married 21years, I see this article as not"pro-divorce...and here is how"...I see it as a necessary topic, aimed towards the reality, that divorce does and will continue to happen.
Thank you for encouraging poor values by featuring this on your news page, and giving people ridiculous, shallow financial reasons to divorce someone they love, instead of working through the hard times and being even happier. It appears that you and whoever wrote this article believe that money can buy happiness. It is a sad day when articles like this are featured on a high traffic news site. Family values are disappearing faster than our Nations money! Good grief, try posting ways to improve our Nation, rather than destroy it.
Money and finances play a role in every life for everyone. My situation isn't all that bad......we don't have children and our finances are ok....house paid off, no huge debts (that i'm aware of) ???
She says she 'found' a better fit.....someone more like her.......someone who 'understands her ?
What can i do when she says she found her 'soul mate' ? Not much i can do...really.....it is
what it is.. She broke the marriage vows and, cheated on me....i feel i owe her nothing. i'm planning on keeping all that i have earned. She elected to cheat and move on......let her new
'soul mate take care of her...thats what she wants......yet people still think she is entitled to half
of what we own ?....Hogwash.....I won't let attorneys take whats mine.....so she can go off w/ her new guy ? She needs to feel the pain that cheating brings.
Why would someone try to promote divorce? Even if you are going through a really tough time i think that you should resolve your problems!! Unless you are being physically abused or mistreated by your spouse or the marriage is dangerous then, stick to it and seek help. The ones who really get hurt from a divorce are children. Why would you make the choice to hurt them? I have a friend whose dealing with this right now, and that person is going through a really tough time, because of the parents. How bout choosing the right person the first time and just being more careful. I also(like someone else said) think that you should watch Fireproof if you are considering a divorce. In today's society its normal and common to get divorced, but it really shouldn't be this way. Let's learn how to accept our spouses just as they are, knowing that we're not perfect either. Love isn't finding a perfect person, its seeing an imperfect person perfectly! (:
Whatever happened to for "richer or poorer, better or worse"? My husband told me I dont give him enough money, even though he makes 3 times as much as I do. Since I didnt make enough money, he didnt think I was worthy of gifts or affection or anything a loving husband would do for his wife.
I guess he is a male whore if he has to be paid for those things.
Good Riddance to him!!
Unless of physical abuse or infidelity, divorce should not be an option, however, since this article is about money, let’s propose this. To get married, both sides have to put up $20,000.00. Let’s say over 7 years (7 year itch theory), this $40,000 matures to $250,000, this is to be split up to how many family members (ex: Husband, Wife, 2 children). Whoever gets custodial rights, that money for the children is put into another account to grow until the child is 18. This will be an encouragement to keep couples out of financial trouble. Also, any assets that are accumulated during the marriage are split 50/50, period, no thing as community property. Treat marriage like a business, because, that is what marriage has become, a business for both man and woman.
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