As we have written about before on this blog, prenuptial agreements are helpful contracts that can guide a married couple through a divorce. It can even help a soon-to-be-married couple confront some difficult topics before they walk down the aisle -- such as financial considerations and asset protection. In the absence of a prenuptial agreement, property division defaults to state laws when a divorce occurs.
When a married couple is having issues severe enough that they are considering divorce, they also think about taking a "middle ground" approach first before committing to the permanent solution of a divorce. What we are talking about is legal separation, an option that allows married couples to retain their marriage while entering a legal process that is similar to divorce.
You may have heard of "alternative dispute resolution," a term that refers to a couple of different approaches that splitting spouses can use to complete their divorce. While the "traditional" route can work, it can also be the wrong fit for many couples. Thus they seek out different ways to complete their divorce. This is where mediation and collaborative law come in.
Getting a divorce is a critical legal step that must be completed in a compliant and efficient way. But given the importance of this legal step (and the process it follows) it is inevitable that mistakes will come about. Common ones in the world of divorce can cause a lot of troubling for splitting spouse, so today let's talk about some of these common mistakes and how you can avoid them.
You would hit a very comfortable point in your life if you never had to change, right? If everything was just as you wanted it to be and there were guarantees that none of that would change, then you would likely accept that stasis. However, such a scenario doesn't exist. Life is always changing. Circumstances are always changing. And as a result, we have to adapt and change as well.
We recently talked about debt and divorce, and how these two important topics are inextricably linked. Continuing that conversation, today we're going to talk about bankruptcy and divorce, and how these two legal options are not only linked, but provide splitting spouses with an ample opportunity to save money or reduce the financial stress of their lives.
About a month ago, we wrote a post about gray divorce, the term applied to the phenomenon of older couples getting divorced at much higher rates than decades prior. Today, we'd like to examine a detail of the gray divorce phenomenon and use it to give some older couples advice about how to proceed with their divorce, if they are going through one.
Financial topics are inherent to the divorce process. When two spouses decide that their relationship is untenable, their is an unwinding of finances that must happen. Some assets were acquired prior to the marriage, some after. And many spouses will make claims that are in their interests, meaning that they aren't always right.
Whether you like it or not, social media is here to stay. And all of your social media profiles could have a significant impact on your divorce. From Twitter to Facebook, and Snapchat to Instagram, these profiles contain a wealth of information that could be used against you in a divorce. In addition, if you use these accounts after a divorce has been completed, your social media activity could also get you into trouble.
Over the last five years, you have probably heard about a phenomenon in the world of family law that has been gaining steam. It is called "grey divorce" and it refers to the notion that older couples are getting divorced more and more frequently. A grey divorce is when two spouses are aged 50 or older and they decide to get a divorce.