Higher Divorce Rates in the South
The results of a Census Bureau study on American marriages were recently released, and the figures may surprise you. The study revealed that divorce is much more common among men and women in the South than people in the Northeast. In Southern states, for every 1,000 people who were married, about 10 men and 11 women had gotten divorced. In the Northeast, the rate drops to about 7. According to Diana Elliott from the Census Bureau, divorce rates are higher in the South because “marriage rates are also higher in the South.” With a more married adults, states in the South will naturally have more total divorces. Elliott adds, "first marriages in the Northeast tend to be delayed and the marriage rates are lower, meaning there are also fewer divorces.
During this study, the Census Bureau also analyzed the financial impact divorce has on families. Although the data they collected had uneven results, it does show that the majority of children living with a parent who divorced in 2009 now live with their mothers. 23 percent of these women receive some type of public assistance, such as food stamps or welfare; only 15 percent of men required similar assistance. The study also suggests that women have less income than men when they are newly divorced. About 17 percent of men who are newly divorced have incomes below $25,000; 25 percent of women fall into that category.
Your financial responsibilities during a divorce include the following:
1. Gather Information
-keep legal fees down
-learn your family finances
-prepare to make financial decisions
2. Negotiate property division
-determine your needs
-determine how you will divide your property
-consider income tax consequenses
3. Manage your debt
-list your unpaid balances
-consider your credit rating
The financial separation that comes along with divorce can be less difficult if you find out what your options are and stay on top of all the accounts that you had with your spouse. Getting a divorce doesn't always cause financial hardship. Many times, divorce provides relief to one or both parties which may outweigh their money woes. Hiring a good family lawyer will help you through your divorce and figure out all your options.
If you or someone you know is considering getting a divorce, you will need to speak with an experienced family attorney. Call one of the Myrtle Beach family lawyers to schedule your consultation. A family lawyer in Myrtle Beach will help you make the best of this difficult process.