What happens to your business if your marriage ends? The sooner you ask this question, the more options you have regarding protecting your business in a divorce. No one likes to think they will become a statistic, but the fact remains that a high percentage of first marriages, and an even higher percentage of subsequent marriages, end in divorce.
Did you ever imagine you'd one day be looking at the person you married as an opposition to your goals? Going through divorce is never easy, and any sort of less-than-ethical behavior from a soon-to-be former spouse is enough to cause tremendous stress and significant delays in the process. If you also happen to suspect that things don't seem quite right where finances and assets are concerned, it can make an already difficult situation all-the-more challenging.
When you married, you likely expected the relationship with your spouse to last a lifetime. However, you -- like many others -- may have found yourself facing marriage issues that have proven insurmountable. As a result, the decision to divorce likely occurred, and you may now find yourself worrying about how your property division proceedings will play out, especially in your high-asset situation.
More couples are signing prenuptial agreements, especially if one or both parties bring significant assets to the marriage. If you were one of those couples, and you are now facing a divorce, it might a good idea to review the agreement to be sure that it is actually valid.
While most people do not get married anticipating a divorce, the truth is that some marriages simply do not work out. The question of what will happen to the property you shared with your spouse during the marriage can be one of the most contentious aspects to any divorce process.
Especially in a high-asset divorce, you want to ensure that you receive the property to which you are entitled after you and your spouse have parted. Accordingly, you need to understand the basics of property division in California.
You've heard the terms regularly but never paid real attention because it wasn't relevant to your own life. Now, with a divorce looming, it's time for a primer on what the different forms of custody really mean.
A divorce is never easy but sometimes it's the best thing for everyone involved. How you work through the divorce settlement and custody situation will affect you, your spouse and, most importantly, your kids for the rest of your lives.
When we say "I do", the thought that we may one day say "I can't do this any longer" may seem unimaginable. Yet the possibility of divorce is an unfortunate reality for countless couples and when this possibility becomes a reality, we may not consider the need to protect ourselves and our financial future. Regardless if we are anticipating a divorce on amicable terms, or one that is likely to involve a certain degree of conflict, the thought of our financial security needs to be at the forefront.
Many people do not realize how significantly their credit can be damaged by a divorce. They are often surprised by the how much their financial situation changes after ending their marriage. They have to make extreme adjustments to their standard of living in order to continue to make ends meet.
If you are struggling financially, over time, this can have a negative effect upon your credit. This can make it very difficult for you to be able to start over once the divorce is officially final. Thankfully, there are things that you can do to ensure that your credit will not be adversely impact by a divorce.
Divorce isn't assumed to be an easy or inexpensive process, but there are ways to keep the costs from escalating too much or too quickly. While some people think it will be less expensive to do it themselves, they may quickly find that they and their spouse fight over property division, child support, and other factors, and that takes time and money to address.
Dividing assets like retirement accounts or a home can be difficult, as well, and there are generally arguments regarding how to handle those types of items properly. With an experienced attorney on your side, you may be able to avoid some of the higher costs of divorce.
By now, most of us are familiar with the concept of grey divorce. This term applies to couples 50 or older who are going through a divorce. In many cases, these couples have been together for two or more decades, and the divorce may come as quite a shock to family and friends.
For the couple actually going through a late in life divorce, there are very important considerations that they must keep in mind as their divorce moves forward. Many of these couples are close to retirement age, and the ending of the marriage is going to have a significant impact upon their financial future. This posting discusses exactly what you need to know if you are facing a grey divorce.