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High Asset Divorce Archives

Rate of divorce among baby boomers is on the rise

At one point in America's history, there was an unbearable social stigma in ending a marriage. While in some pockets of the country and in some communities, there are still those who will look down their noses at people who divorce, the fact of the matter is that divorce is increasingly more prevalent. As times have changed, it is not just younger people choosing to divorce, but older generations, as well.

Spousal support for same-sex couples?

There is no getting around the fact that there are a large number of same-sex relationships in Philadelphia. And with New Jersey right across the river, many of the people in these couples are legally married. While a handful of states and the federal government recognizes these marriages, Pennsylvania does not. What that also means is that it is unlikely that any Pennsylvania couple who wished to divorce would be unable to do so. While it may not seem like that big of a deal to not be able to divorce, especially when the state doesn't even recognize the marriage, it is for those who are stuck in limbo.

Divorce rate among older couples is sky high

Though most of us in Doylestown think of divorce as something younger people do, there are adults of all ages getting divorces. What is particularly surprising is that the divorce rate for people in their 20s is falling, at least according to a new study. Yet even more surprising is that the divorce rate among people aged 60 to 65 has tripled and for people over 65 it has increased fivefold since 1990.

Arranged marriages don't always work out in the US

Even though many communities across the world, including many European cultures, have had arranged marriages in the past, they are most often associated with South Asia. Since a number of people from South Asia are moving to and raising children in the Philadelphia area, there has been a small number of Pennsylvanians participating in arranged marriages of their own. With a 30 percent increase in Indian Americans from 2000 to 2010 in Philadelphia (not to mention Pakistani, Bangladeshi and Nepali Americans), arranged marriages are an option for many first-generation adults.

When a renovation project becomes a divisible financial asset

There are a number of people in Philadelphia who will undergo some sort of renovation project this year, but many of them may not realize that renovation projects can be the straw that breaks the camel's back with a marriage. While not all people who undergo a home renovation will end up divorced, it is very possible that for already strained or weak relationships, a renovation can end a relationship once and for all.

Will your divorce get you in trouble with the IRS?

It's the time of year to which many people in Philadelphia certainly don't look forward: tax season. Filing our taxes may be tedious, difficult or confusing, but trying to file taxes after a divorce could lead to some unexpected consequences: a tax audit. While there is no guarantee that someone will be subject to an audit following a divorce, the chance of an audit increases if one spouse hid assets from the IRS in the past.