According to numerous experts, yes. If you wait too long, or if you proceed
too soon, then your financial and emotional futures could take a massive
hit. In fact, financial stability and emotional concerns could be some
of the main reasons behind many of the divorce stats out there. For example,
there is the
"gray divorce" rate. While in the 1990s, about 12 percent of married couples in their fifties
or older were getting a divorce, roughly 25 percent of these couples are
filing for divorce. Many of these divorcees decided it would be best all-around to avoid
child custody struggles by getting that divorce after their kids were out of the home.
Then if soon-to-be divorcees are
business owners, the timing of the divorce is crucial. If at all possible, you want to
avoid divorcing right before you are going to sell the company, or while
you are in the middle of this sale. If a divorce is triggered while your
business is being transferred, the transfer could be stalled for the duration
of the divorce, as both partners are divorcing spouses who are entitled
to a share of the business.
For any couple,
waiting until after the holidays is often the way to get the timing of the divorce right. As devastating
as a divorce can be for the entire family, many spouses deem it best to
not have the holiday season disrupted by such pain, especially if they
have children. And that is why January is known as "divorce month",
though the soaring divorce rate lasts through March. Other personal reasons
often entail a delay in the divorce. This could be anything from a daughter's
graduation to a son's wedding, definitely not times that you want
clouded by a divorce.
Finally, there are a few
financial reasons to find a good time to divorce. If a spouse is the owner of a business
that is on the verge of going public, or if a spouse is going to receive
a substantial inheritance, then it is advisable to hold off the divorce.
Such assets would be
marital property. If a couple's home is worth less than the mortgage, this could be
another reason to wait. Perhaps this could explain in part why an improving
economy is often joined by a spike in divorce filings.
Call a divorce lawyer in Long Island today!
Whether the timing is right for you, or whether you need to learn more
about what a divorce would entail in your current circumstances and how
you could prepare, do not hesitate to work with the compassionate legal
professionals at the
Meyers Law Group, P.C. Find out how best to time your divorce when you consult a Long Island
divorce lawyer as soon as possible, so you can be informed about your
rights and how best to preserve your future.