Posted on August 02, 2016 in Divorce

Everyone knows that divorce can be expensive. But few people realize how costly it can be for women, especially women over the age of 50.

According to data, the divorce rate for the baby-boomer generation has skyrocketed, with divorces among people over the age of 50 doubling between 1990 and 2010.

Why are women at risk of poverty after a divorce?

While younger people have decades to make up for the financial impact of a divorce, people nearing retirement age have few working years left to recover their losses. Women nearing retirement age are especially vulnerable, particularly if they stayed home for a period of time to raise their children.

In fact, according to Jeff Landers, a Forbes contributor who provides financial advice to women going through divorce, 27 percent of divorced women live in poverty, while only 11 percent of divorced men endure the same hardship.

What you can do to avoid poverty after a divorce

According to Landers, there are five steps women can take to avoid this scary outcome. The steps include:

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 Posted on February 27, 2016 in Uncategorized

If you are contemplating divorce you are likely uncertain and anxious about what the future holds. You probably have several questions racing through you mind. Will I have custody of my children? How will the property be divided? Where will I live? Is my standard of living going to change?

Choosing mediation instead of litigation is one way you can have more control over the answers to these questions.

What is divorce mediation?

In mediation, a neutral mediator works with both parties to reach a mutually agreeable proposal. This agreement addresses all matters of the divorce and may be reviewed by each party's attorney before being finalized.

Divorce mediation is highly encouraged or required in many Texas counties.

What are the benefits of mediation?

The primary benefit of mediation is that you avoid the courtroom and a potential lengthy trial. This keeps the decision making process in your own hands instead of hoping for the best with a judge. Other benefits include reduced expenses and maintaining confidentiality (there is no public record).

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