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Managing post-divorce financial concerns for older women

If you are age 50 or older, ending a long marriage is a particularly distressing experience. But these days, it is far from unique.

More couples experience later-in-life divorce now than even a decade ago, but the road ahead brings some unique financial concerns, especially for women.

In a co-parenting arrangement, watch out for alienation

While it is usually both rewarding and fulfilling, parenting can also be unbelievably challenging. This is particularly true in non-conventional families, such as those with post-divorce co-parents. Regardless of how your marriage came to an end, your ex-spouse should not sabotage your relationship with your kids. 

Parental alienation occurs when one parent disparages, discredits or fosters hostility toward the other parent. Typically, these actions involve mental and emotional manipulation. Unfortunately, the effect is usually the same. That is, children prefer the alienating parent while rejecting the alienated one. Because parental alienation can cause life-long consequences, you must watch for its warning signs. Here are some of them: 

How to handle the first Thanksgiving after divorce

All parents need to make adjustments the first year after finalizing a divorce. One of the hardest aspects to go through involves determining how to handle family holidays. There are few holidays as stressful as Thanksgiving

If you thought things were stressful before, now you have to go through the Thanksgiving celebration with your family divided. This is an important moment in life after the divorce because you and your ex really get to show your kids your co-parenting skills. Here are some tips to make sure your first Thanksgiving in the wake of the separation lets everyone know things will be all right. 

How to break the news of the divorce to your children

Divorce is a tricky, complicated legal proceeding. You want to avoid mistakes, which one Texas man learned after he forged his wife's name on the divorce papers. However, something else you do not want to mess up is how you present the separation to any children you and your spouse share. 

Talking to your kids about your intended divorce is one of the most difficult conversations a person can have. It is critical to do it the right way so your kids can work through their emotions while still respecting both parents. 

3 signs it may be time to walk away from divorce mediation

Marriage means something different to every couple. While you may have chosen to marry your spouse for love or security, your marriage certificate is a legal contract between you, your spouse and the state. As such, to dissolve your union, you must divide marital property and obtain a court order. 

Gone are the days when couples had little choice but to engage in a protracted legal battle. Nowadays, a growing number of divorcing spouses choose alternate dispute resolution, such as mediation, to wrap up their marriages. While there are many advantages to mediating a divorce, sometimes, it simply does not work. Here are three signs it may be time to walk away from your divorce mediation: 

4 tips for a successful divorce mediation

Divorce mediation is gaining popularity for a few important reasons. While you may appreciate that mediation is often less expensive than a protracted court battle, you are also likely to enjoy the reduced stress that tends to accompany alternate dispute resolution

As you may suspect, though, some divorce mediations are more successful than others. While working with counsel who understands how to mediate a high-asset divorce is critical, you also need to prepare yourself for the mediation process. Here are four tips for making your divorce mediation a success: 

Take control of your high-net-worth divorce with mediation

Let us say that you and your spouse have amassed significant assets during the years of your marriage. Now your marriage is coming to an end and you face a high-net-worth divorce.

You dread the idea of an expensive, lengthy and possibly acrimonious court process. Consider mediation, an alternative to litigation that comes with benefits and puts you in control of your divorce.

How to cut costs during divorce

A divorce is going to take a financial toll on you, but you have some level of control over that toll. Not all divorces have to be long, contentious courtroom affairs. While where you live, geographically, will help determine just how much you spend on your divorce, so, too, will certain decisions you make about how to navigate the process.

While your divorce, itself, can cost a substantial amount of money, so, too, can rebuilding your life in the absence of your spouse. Finding and financing a new home, for example, is one such cost, and you will also no longer be able to split the cost of groceries and related expenses once you and your one-time partner split. So, what are some things you can do to cut costs and save yourself money amid divorce?

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