Part of the process of filing for divorce is creating a list of marital and individual assets. Ideally, the spouses and their lawyers can look at the list and draft a fair and equitable arrangement. While it may be tempting for one side to try to withhold "their money" because "they earned it," it is a mistake that cause a serious problems for those who are caught.
U.S. adults 50 and older now make up 25 percent of the total of divorces each year. Double the rate it was in the 1990s, the so-called phenomenon is attributed to a variety of factors. Each marriage and divorce is different, but there are common of issues specific to couples over 50 that should be considered.
Family law attorneys are a crucial part of any negotiation involving divorce, custody and other common areas addressed during a couple’s split. However, clients must also consider their own priorities during this process. While a judge has to make the final decision during litigation, the two sides should each determine what those priorities are and work towards achieving them.
As you prepare to enter a marriage, you may wish to explore every available option to reduce the chances of conflict within your relationship. Since finances can be a common topic of debate in marriages, you and your soon-to-be spouse may wish to take steps to prevent future arguments.
Many couples prepare for their new marriage by drafting a prenup agreement. The reasons for doing this are as unique to the circumstances of the people involved, but the idea is to start the new union off on with a strong understanding of the financial assets and obligations.