Life Changes 2012

  • Divorce. Your world is falling apart emotionally and financially. Even if you saw it coming, you were unaware of the financial ramifications. Lawyers’ fees vary widely, based on location and reputation. Circumstances, such as duration of the marriage, income and earning capacity, can all determine the outcome. What’s more, laws also vary widely from state to state, which affects alimony and child-care judgments. In some states – Florida, for example -- alimony can be lifelong, if the marriage la

    Divorce. Your world is falling apart emotionally and financially. Even if you saw it coming, you were unaware of the financial ramifications. Here are 10 tips  to avoid unnecessary financial hardships during a breakup.

  • Rupert Murdoch and his wife, Wendi Deng Murdoch

    Chris Rock and his wife, Malaak Compton-Rock, have filed for divorce after nearly 20 years of marriage. But what are the biggest divorce settlements and who has paid the most?

  • A 2010 report confirms the often-repeated statistic that 50% of all marriages in the United States now end in divorce. However, some communities are harder-hit by this epidemic than others, and the entertainment community bears more than its fair share of shattered nuptials. But this is not simply because there is a high number of divorced entertainers. Rather, there are entertainers who have divorced a high number of times, with some racking up as many as four, five or even six divorces or more

    The entertainment community bears more than its fair share of shattered nuptials. Click to see which celebrities have been the unluckiest in love and racked up the most divorces.

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    If you're short on time and patience, it might be worth the money, but if you're the decisive type you can go it alone and find almost everything you need through the Internet.

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    If you think providing for your children after divorce is basically about diapers, dentistry and diplomas, you're in for a life of surprises.  Consider everything and work them out  to avoid explosive issues down the road.

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    Not only are people getting better at picking the right partner, couples are also becoming increasingly comfortable with the ebb and flow of incomes in their relationships.

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    "Look for a lawyer the same way you would look for a surgeon — as if your life depended on it,” says a New York attorney who has handled some high-profile cases.

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    That little bundle of joy is going to require a wad of cash.  The cost of raising a child from birth to age 17 has surged 25 percent over the last 10 years.

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    Marriage and divorce. When it comes to the convergence of emotion and money, those two events not only define our quality of life but also our standard of living. For this and other reasons, we decided to focus our 2012 edition of "Life Changes" on marriage and divorce — and money.

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    Marriage is full of financial surprises, and, for those considering it these days, there's a new one — married couples are nearly six times as likely than single taxpayers to trigger the AMT.

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    Chances are your standard of living will drop after you split, and your might never recover — unless you get remarried.

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