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Divorced spouses may be eligible to file for Social Security spousal benefits at retirement. You're entitled to these benefits if you were married to your spouse for at least 10 years, and he or she has reached age 62.
But divorce, on the other hand, is expensive. Marital property, including assets and debts acquired during the marriage (and sometimes even before the marriage), is divided between the parties.For the more affluent couples, divorce might shake up their finances, but it won't necessarily ruin them financially.
When you get divorced, community property is generally divided equally between the spouses, while each spouse gets to keep his or her separate property. Equitable distribution: In all other states, assets and earnings accumulated during marriages are divided equitably (fairly) but not necessarily equally.