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How do I ensure financial stability when divorcing after 50?

Divorcing later in life is not uncommon in North Carolina. However, for divorcees who had planned a stable future ahead with their spouse, it may feel that way. Nevertheless, a happy and healthy life as a divorced man or woman over 50 is certainly possible.

It all starts with how well you hold your finances together. The reason for this may be obvious. The last thing you want to be worrying about so close to retirement is your financial stability. Here are a few recommendations for protecting your money in a silver divorce.

Don't think of divorce in terms of winners and losers

When your marriage comes to an end in North Carolina, it can prompt a lot of complicated emotions, including shock, resentment and anger. It may be second nature to try to "win" at the divorce by coming out of it better than your spouse, but we at The Law Office of L. Bryan Smith regard this as an attitude that is both unhealthy and counterproductive. According to Forbes, divorce is not a matter of winners or losers. Even if it were, most people who go through a divorce would probably say that their ex got the better end of the deal. 

Instead of trying to win at the divorce, now is the time to take even more responsibility for the success of the process. There are three important steps you can do to accomplish this.

Hospital locked down due to custody dispute

Most in Wilmington might say that child custody disputes are private family matters in which outside parties have to right to become involved in. Yet what happens if a custody battle spills outside of the walls of the home and ends up inadvertently involving others? Feuding parents might even look for opportunities outside of the home to confront each other or even abduct their children from their other parent. Schools, shopping centers and other public venues may often provide the perfect forum for such incidents. 

Hospitals are also a common place where parents may attempt to gain unauthorized access to their kids. Such appears to have been the case in an incident which prompted the lockdown of a hospital in Indiana. A child who had been admitted to the hospital was taken from it by his father prior to the nurse being given the complete discharge instructions by the nurse who was handling his case. The father has visitation rights, and thus was not barred from visiting him throughout his stay. Authorities ultimately lifted the lockdown without finding the father, though no further action was taken as the case was deemed to be a custody matter. 

Don't forget about retirement plans in your divorce settlement

You may already feel as though you are living in chaos as you progress through the divorce process. Your future remains uncertain, and you struggle to figure out which way to turn. Even in an amicable divorce, the emotional and physical changes happening are often unnerving.

In this state, you may forget to address certain issues such as what happens to the retirement plan one of you has through your employment. This account often represents one of the largest assets of a couple, along with the family home. As you enter into negotiations regarding your property settlement, the plan may require division as well. Simply dividing it up is not enough, however.

Wilmington mother accused of trying to shoot daughter

There's an old saying that details that line between love and hate can be razor thin. This may be due to the fact that people invest a lot of time and emotion into loving someone. When that amount of emotion is involved in a relationship, it may not take much to quickly turn it from being positive to negative. This is likely the reason why family disputes are so often fraught with tension. The pressure and stress that can come with such tension may often cause people to act in ways that they otherwise would not. 

One might assume that the love felt between a mother and daughter is strong enough that neither would ever dream of harming the other. It had to have come as quite a shock to authorities, then, when they learned from the victim of an attempted shooting in Wilmington that the suspect was her own mother. The woman allegedly fired several shots are her daughter (as well as into an unoccupied home). She was later arrested and charged with (among other things) assault with a deadly weapon with intent to kill. 

Why does my child misbehave?

Being a single parent in North Carolina is no easy feat. This is especially true when your child is acting out, and it’s important to get to the root of the issue if you hope to stop bad behavior. If you feel as though you’re at your wit’s end, Very Well Family offers the reasons why kids commonly misbehave, as well as what you can do about the matter.

Kids like to test parental limits

Upholding grandparents' rights for visitation

There is little doubt that, as a grandparent, you play an important role in the lives of your grandchildren. Unfortunately, maintaining these relationships after a major life event -- such as divorce or the death of an adult child -- is often difficult. However, you are not without options. 

Seeking visitation with your grandchild is possible, although you will have to meet certain conditions in North Carolina statutes. Like with many family law issues pertaining to minors, the court will ultimately consider whether your continued relationship is within the best interests of your grandchild.

How can I cope with my divorce?

Divorce is rarely easy, but it’s especially hard when it’s unwanted. In this case, you may lack the motivation to move forward after your marriage ends, which is crucial to make the most out of your life. In this case, Live About offers the following tips, which will help you recover from divorce.

Give yourself time

What to expect at a DUI checkpoint

Chances are that at some point over the holidays, North Carolina police will conduct sobriety checkpoints. These checkpoints are legal in most states, but that does not always mean police will protect your rights.

Despite the approval of DUI roadblocks by the U.S. Supreme Court, many feel they violate a driver's constitutional rights. It is important for you to know how far police can go if they stop you during a checkpoint. Understanding what is supposed to take place at a roadblock may help you avoid negative consequences.

Modifying your child support order

Those who have to pay child support are likely well aware of the different challenges that may get in the way of their ability to make payments. From losing a job to suffering from a medical condition, there are all sorts of hardships that can make it difficult (or impossible) for someone who is obligated to pay child support to stay caught up. However, some may not know that there are certain options for some people who are facing these problems. For example, the modification of a child support order may be possible for someone who has experienced major changes to their finances.

If your financial circumstances have changed considerably, because you lost a job or are unable to stay current due to a recent health scare, you may want to look into child support modification. Modifying your child support order could be one way to lower your payments and make them fit your budget better. Unfortunately, some non-custodial parents have overlooked this option and simply fallen behind, which can open up a can of worms and lead to all sorts of consequences.

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The Law Office of L. Bryan Smith, P.C.
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Wilmington, NC 28403

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