Divorce is a common event that couples experience. Most Florida marriages last approximately 14 years before the end, which may seem like a respectable length of time to try to work out marital issues. With that being said, however, there is a certain percentage of marriages that end in divorce within the first year. As most are aware, there really isn’t a way to tell which way a marriage will go at the beginning, but there are some considerations couples can consider.
A large number of couples get married before even giving themselves the opportunity to know each other. This leads to a spoke in marriages that end within the first year and a study suggests the amount is one in 20. In addition, 14 percent of couples were not even together for a year prior to walking down the aisle. Other numbers show that half of spouses lived together before getting married. Some examples of short-lived marriages include the 55-hour marriage of Britney Spears and the 72-day marriage of Kim Kardashian.
Regardless of how short the marriage was, the other spouse may still have the right to receive a portion of the assets. A majority of spouses take out life insurance policies and list their spouse as beneficiary. As a way to avoid the ex-spouse wrongfully receiving a payout, it’s recommended that spouses make updates to their beneficiaries.
Divorce can be a messy situation, particularly if a large amount of assets are at stake. Florida spouses are likely to battle over who is entitled to which assets. Usually, prenups can help avoid these types of situations from happening whether a marriage was short-lived or long-term. However, if no prenup was entered into, mediation may help spouses come to an amicable agreement. If mediation does not resolve issues, courtroom litigation may be necessary for divorce finalization and asset distribution.
Source: yourmoney.com, The 12-month itch? 1 in 20 divorce within first year of marriage, Tahmina Mannan, Feb. 7, 2014