In 2008, a married couple started a vegan ice cream business. It was a hit, attracting a faithful clientele that included the former wife of Paul McCartney. The couple's subsequent divorce in 2012 may offer some insight to Pennsylvania readers about the importance of addressing a family business when property division is being negotiated.
According to the National Endowment for Financial Education, nearly one third of all adults in the United States admit to being deceptive with their spouse or partner about their shared finances. Almost 60 percent acknowledge they have hid cash or assets, while others admit keeping quiet about a small purchase (54 percent) and still others have stowed away a bill from their partner (30 percent). More than one third freely admit they have lied about how much money they make, how much money they have and/or how much money they owe. It is perhaps no wonder, then, that couples might think of lying when it comes to divorce proceedings.
When a Pittsburgh couple divorces, there are numerous factors that go into the process. Assets and property have to be divided, child custody and support agreements may have to be made, as well as issues of spousal support. However, there are many smaller, but impactful, factors that must also be decided that could fall by the wayside in a divorce settlement.
When Pittsburgh women get divorced, their financial future is one of their top concerns. Some women can suffer financially post divorce, finding themselves independent without a job and without many of the shared marital finances they had relied on. Others, though, find themselves better off in their finances after a divorce.
It is not all that uncommon for hidden finances to be discovered when a high-asset Pittsburgh couple divorces. With the frequency in which high-asset celebrities and public figures divorce, many of them may feel they need to hide some assets to ensure they can maintain their lifestyle if a divorce should be in their future. However, doing so can deprive the other spouse from assets they rightfully deserve.
Divorce can come with a lot of stress and bitter feelings for many Pennsylvania couples. With such resentful feelings in a time where cooperation may be crucial, one may feel the need for privacy in their life and their finances in regard to their former spouse. There may be some cases where privacy is necessary from a particularly snooping ex-spouse, but in other cases it may just lead to a peace of mind needed in the upheaval of a divorce.
When going through a divorce, Pennsylvania couples are faced with a broad range of decisions to make, as well as various properties and assets to divide. These decisions sometimes come all at once, and in a rather short amount of time. When a divorce is going badly, with one or both parties frustrated or angry with the other, these decisions can be even tougher to make. In these circumstances, some decisions may be overlooked or rushed when they should really be considered just as carefully as every other.
Divorce rates are growing among baby boomers in Pennsylvania and elsewhere as more people are reaching the ages of 50 and older. For this demographic group, the rate of divorce has doubled in the last two decades, despite a general decline in national divorce rates since the 1980's. Additionally, many of these individuals are not new to the divorce process, and have seen at least one other divorce in their lives.