Prenuptial agreements are often hailed for protecting a person's assets from going to a spouse during a divorce. Professional baseball and football player Deion Sanders can attest for the strength of a prenuptial agreement. He has been going through a messy divorce with his wife, who he was married to for 14 years. Along with child support payments, their prenuptial agreement has been the primary source of disputes.
When couples go through a divorce, much time is often spent determining how property will be divided and how child custody will be arranged. Each parent may be very concerned about getting to spend enough time with their children. While some children with divorced parents may primarily live with one parent and spend every other weekend with the other parent, other couples may aim for equal division of custody.
Children and parents who have gone through a divorce know how challenging and painful it can be. One Hollywood director discussed in a recent interview how his parents' divorce impacted him and his relationship with his father. Steven Spielberg, director of many blockbuster films, watched his parents divorce when he was 19 years old.
Major life changes can be overwhelming. Adjusting to a new living situation, financial state, and relationship status can be challenging. Divorce is one life change that people may have a hard time coming to terms with. After the final papers are signed, assets have been divided, and custody agreements are finalized, a newly-divorced person may feel unsure about what to do next.
Massachusetts couples may wonder what their likelihood of getting divorced is. According to a recent report, Massachusetts has one of the lowest divorce rates in the country. New York and New Jersey also have low divorce rates. The report indicates that higher education levels and older marrying ages in these states may contribute to these statistics as both are correlated with longer-lasting marriages.
In the past, having many children may have made family trees complicated. With the rise in divorces and remarriages, family trees have become even more complicated. The relationships that result from remarriages may be confusing during the marriage. However, if the marriage ends, navigating relationships with these former stepsiblings, stepparents, or stepgrandchildren can become even more complicated.
Couples in the midst of a divorce likely have a list of people to contact and accounts to manage, among many other things. Most couples will plan to contact an attorney to help them through the divorce process and some spouses may also choose to see a therapist during this time of change. It may be helpful to add one more professional to this list of people who can be valuable resources during a difficult divorce.
When couples divorce, they face the task of dividing many things. Property, assets, and mutual bank accounts must all be split apart. Deciding who gets the antique desk may be hard, but it is fairly simple to resolve. Once the couple determines who gets to keep the desk, the only thing left to do is load it onto a moving truck. Other things can be much more challenging to separate when a couple divorces, though.
After a couple gets married, they will likely work out a way to combine their budgets, bank accounts, debts and personal belongings. Some couples may realize after tying the knot that protecting the assets they entered the marriage with would be a smart idea. Postnuptial agreements can be valuable way for these couples to ensure they are guaranteed ownership of certain items regardless of the marriage's future.
Every year, thousands of Americans prepare in excitement for the day they will commit to spending the rest of their lives with their partner. Many of these people are young, and according to a recent study, very optimistic about marriage. This recent study reports that 86 percent of 18 to 29 year olds polled expect their marriages to last forever. The survey's author explains that the remaining 16 percent polled likely do not plan to marry.