While the concept of a prenuptial agreement may not prove particularly romantic, the legal document is becoming increasingly common in American society, and with good reason. You may think of a prenuptial agreement as something only relevant for those with particularly high incomes, but there is a myriad of other reasons having a "prenup" in place is a good idea.
If you suspect your marriage is circling the drain, you may have concerns about how your property will be divided if you decide to divorce. You may also have suspicions that your spouse may be trying to set aside funds or property to have on hand in the event of a split, and those suspicions may be spot-on.
Divorce can be tough, but usually there is a good reason why you want to end your marriage. For example, if your spouse is a bit narcissistic. Living with a self-involved spouse isn't easy, and walking away might be the best decision for everyone involved.
In 2013, the American Bar Association reviewed a number of studies involving people going to court without legal counsel. Based on these studies, the American Bar Association concluded that anywhere from 60 to 90 percent of all family law cases have at least one party without legal representation. More and more married couples are choosing to divorce without the help of a lawyer. If you're thinking about doing the same, here is some information about the many benefits of legal counsel for family law cases.
While divorce isn't easy on anyone, it's clear that men and women handle divorce differently. It is now a fact that over half of marriages end in divorce, so if this is currently your reality, you are no longer in the minority. While that may be of some solace, divorce is still painful, and it's incredibly easy to make life-altering mistakes during this emotional time. Finances require your greatest attention during a divorce as you won't be granted a do-over when you realize what you've left on the table. Here are 5 of the biggest money mistakes women make when divorcing.
Getting a divorce means big changes in your life, but there are ways to make the process easier. One of the best ways to do that is to be sure you understand what the process will entail, and prepare for it as much as possible beforehand. Then you can feel more secure in your decision. Here are six things you can do before you file for divorce, so you will be ready.
Unfortunately, domestic violence allegations tend to go hand-in-hand with many divorce proceedings and child custody disputes. If you have been accused of this crime, you may have a hundred concerns about how it will affect your parental rights and other aspects of your life.
Any adult going through divorce knows that the process is typically very stressful. The same holds true for any children involved. The kids often experience the same mental and emotional turmoil as their parents do. Just like Mom and Dad, their lives are being torn apart and must be carefully reconstructed.
Divorce is difficult enough when you only look at the emotional side. Tearing a family apart is never easy on the spouses' feelings or on the children's. However, ending a marriage can be equally challenging on the financial side. It often means trying to maintain the same standard of living on just one income instead of two. It can also lead to a wide array of other money-related worries -- which makes it no surprise that divorce and bankruptcy often go hand in hand.
As a member of the U.S. Armed Forces, you live in a different world. You encounter challenges that many civilians could not imagine, and you operate within a system separate from mainstream society.