Its no secret that the end of a marriage is emotionally and psychologically challenging. However, it can also be a very costly experience. Managing finances during a divorce can be complex. The following tips can help Pennsylvania residents financially protect themselves amid the turmoil of divorce.
Making sure a child has everything he or she needs is utmost in most parents' minds. Many Pennsylvania custodial parents count on child support from an ex each month in order to assist in meeting the needs of the child. It is hard to choose sides in the dilemma each parent in a recent child support situation is facing.
Other than the emotional strain, Pennsylvania couples going through a divorce may have concerns about their financial future. There is often the fear that child and spousal support may not be enough to make ends meet, especially in circumstances involving costly private schools and multiple extra-curricular activities. A former cast member of The Cosby Show and his wife are getting a divorce, and a ruling has been made on child and spousal support amounts.
It takes a lot of money to raise a child these days. Some Pennsylvania parents have no trouble providing for every expense that comes along, but others, especially divorced and single parents receiving no child support, may sometimes have to choose between a nourishing meal and medication for a childhood illness. One man has been arrested for not making a child support payment the past four years.
Divorce is an emotionally taxing process at any age that can have negative effects on your health and overall well-being. It’s long been known to increase stress for prolonged periods of time. Older couples divorcing after 50–commonly referred to as “Gray Divorce” –may be more at risk for an increase in health problems as a result of their divorce.
The opioid crisis continues to rage in Pennsylvania. While the addicts are the most physically affected by the horrific disease of addiction, they are not its only victims. Children of addicts are also adversely affected by the loss of their parents, either to overdose or the parents' inability to care for them while dealing with their addiction. Grandparents are acting as caregivers in greater numbers every year. Grandparents' rights have subsequently become a major issue.