There are many factors that contribute to divorces in Hawaii. One of the most common reasons that couples will divorce is because of adultery. Other reasons are not so easy to identify, but they can build up over time and cause a marriage to fail. Criticism, sarcasm and contempt are a few of the more common causes of divorce that are not so obvious when they begin.
The end of a marriage can have a major impact on the current and future finances of a Hawaii couple. In many cases, retirement accounts are some of the largest assets held by spouses. Especially if they have been married for many years, a divorce may mean a substantial division of these funds between the two parties. Even when retirement is years away, divorce can still have a serious impact. That's why it is important to understand how ending a marriage can affect different kinds of savings plan.
There are plenty of reasons to get divorced, and it's the sometimes best option for couples to move on. Some experts, however, say that economic realities might make it prudent to reassess the situation. Hawaiians may find it helpful to plan for their finances when considering divorce.
Some Hawaii couples may be among the more than 50 percent who have debt when they go into a relationship. In a study by Fidelity, 40 percent of them said their relationship was negatively affected by this debt. Communication suffers and couples fight more when they are in debt, and often each person thinks it is the responsibility of the other.
Divorces can be extremely difficult for everyone involved. Unfortunately, families can be further torn apart in divorces that end up in court. As a result, many families are choosing to settle their divorces outside of court through an alternative dispute resolution process known as “mediation.”