During the long Thanksgiving weekend, families often have plans to spend time together—go bowling, shop at a local mall, eat at a restaurant, etc. Yet when a couple is divorced, there may be days when one parent desires to see his or her children but the children do not have the option to stay with him or her due to the divorced couple’s parenting plan.
Marriage is a huge commitment that involves several legal matters and, if not taken seriously, could result in a potential divorce. Therefore, couples often turn to prenuptial agreements prior to marriage in order to keep their assets accounted for and to potentially save the marriage. For many couples, this is an excellent opportunity to determine marital assets.
A divorce can be one of the most unpleasant experiences in a family’s life, especially when much time has been put into the relationship and in trying to give the best quality of life possible to everyone involved.
There are several situations when a divorce may cause a child or children to worry—children who may unfortunately be involved in the divorce process. When this is the case, the parents filing for divorce may not be able to come up with an ideal solution in the child’s or children’s best interests. If this situation arises, the parents may need to bring in another authorized person to assist in making decisions during the divorce process.
The news never seems to have a shortage of homicides stemming from a divorce. One of the more recent involves the death of a mother and her two children. Although police have yet to confirm who is responsible for the deaths, they have stated that the woman was going through a divorce.
Couples often assume that a finalized divorce is the end of their separation journey, but nothing could be further from the truth. Steps must still be taken to complete the unraveling of finances, and there are still some areas in one’s life that can be impacted by a divorce. For example, a divorce can affect a person’s federal income taxes. Learn more about taxes and divorce for disadvantaged spouses, and how some of the decisions you make now may impact you when you file your taxes next time.
Most couples recognize that divorce is an emotional event, but some underestimate the financial implications. Do not let this happen to you. Instead, recognize the financial risks of divorce and learn how to mitigate against them with help from the following information.
Some divorcing couples are surprised to find out that a business can be part of their marital estate – the property acquired during the course of the marriage that must be divided upon divorce. It can be especially surprising if the other spouse never worked at or “officially” contributed to the business. Thankfully, a skilled divorce lawyer can help you assess what the scope of your marital property is and what may be excluded. Mediation may also be a valuable tool in preserving a business during a divorce. Learn more with help from the following.
Researchers have used everything from control groups to cohort data to determine the ways that divorce impacts children. Because of their work, society now has a better understanding of the risks, potential pitfalls, and behavioral issues that might occur in children during and after divorce. Their work has also paved a path for divorcing couples, ensuring they have an idea of how to reduce the risk of an adverse effect on their child. However, it was only recently that anyone looked at individual children to determine how they felt about the divorce process.
Divorcing couples who have a high net worth often expect a long, drawn-out, contentious battle. Thankfully, divorce does not have to be this way. In fact, many couples find they can resolve matters outside of court, with less stress and cost. The key is knowing if and when you should settle. Perhaps even more important is knowing when not to settle your divorce case. The following information explains further.