A gray divorce is one that occurs when a person is 50 or older. The rate of gray divorce in St. Louis and throughout the country is increasing even as divorce rates among other age groups is stabilizing. However, there are many different reasons that could explain this phenomenon. First, the number of people who are 50 and older is larger now than it was in 1990, and that number is projected to grow in the future.
The child support paid out to single parents may not be sufficient depending on the audience questioned. The U.S. Census Bureau provided a snapshot of child support statistics in a report called "Custodial Mothers and Fathers and Their Child Support." Single parents in Missouri may be divided on the fairness of child support payments required of them.
When Missouri parents divorce, figuring out a parenting plan can be both emotionally painful and logistically difficult. Each parent is often accustomed to having as much time as possible with their children, and when the marriage comes to an end, it can be complex to schedule a plan in which time with the children is shared between the parents' homes. Creating a child custody or visitation schedule can be further complicated by parents' work schedules, especially when both are engaged in full-time employment.
Fighting over housework could be the trigger for a divorce for some Missouri couples. Harvard Business School did a study that found that a quarter of divorced couples said housework disagreements were the main reason they split up. The study also found that if couples hired a cleaning service, they were more likely to stay together.
Among the most valuable assets that a Missouri couple may share are their retirement funds. In many cases, both parties are depending on these funds for their financial futures. This is one major reason why 62 percent of divorce attorneys surveyed in 2016 said that retirement accounts were the most contentious issue for their clients.
Prenuptial agreements may be one way for couples in Missouri and throughout the country to protect their finances. However, it may not be the only option to protect funds or other property brought into a marriage. While talking about asset protection may not sound romantic, it can serve a variety of purposes. For instance, it may allow an individual to learn more about his or her partner's current financial situation and long-term outlook.