Before getting married, many people make assumptions. For example, a woman may assume that her high-earning spouse will not mind if she does not work, especially if there are children. Conversely, that high-earning spouse may assume that his fiancee will continue to work and is dismayed to find out after the wedding that she plans to quit her job.
Many people dream of one day opening their own business. These entrepreneurs work so hard to attain their goals, but once a marriage falls through, the former spouse takes everything. It is for this reason that Forbes suggests small business owners should absolutely invest in a prenuptial agreement to ensure the company will be safe should the marriage ever dissolve.
If you and your spouse are in the midst of a bitter divorce in Suffolk, chances are you and your spouse are in disagreement about who gets custody of the kids. Though you both have a decent income and feel your children are better off without the other parent, the courts and law state otherwise. Your kids deserve to have both of their parents in their lives, even though things may not be right between you and their other guardian.
High-asset divorces are not always just about the retirement accounts, investments and real estate. Your home and garage may be full of personal property that has value far beyond your emotional attachment to each object.
The divorce process can be fraught with emotions—some positive, and some negative. It can be an overwhelming time. But if you are going through a divorce, you should take care that you do not set your financial wellbeing on the back burner during this difficult process.
Divorce is a difficult situation for all couples, regardless of sexual orientation. However, LGBT couples face some challenges that are unique to the fact that they are in a same-sex marriage.
When the Supreme Court ruled in favor of same sex marriage in 2015 it was a major event for the LGBT community. While there has been significant progress in gaining rights for same sex couples, parenthood remains a challenging issue with different rules in every state. While New York’s laws are generally favorable to LGBT parents, traveling or interstate moves present a unique challenge.
Divorce for couples over the age of 50, also known as gray divorce, is increasing in frequency. As average life expectancies rise, unhappy couples would rather divorce than potentially spend 30 years of retirement together. The Society of Actuaries estimates that approximately 1/3 of men and 1/2 of women will live to the age of 90. Older couples would rather split and spend their golden years happily alone than unhappily together.
Dissolving a marriage is rarely an easy process. However, it can be significantly more difficult when you are married to your business partner. Creating a life with someone is often a normal aspect of marriage, but those whose livelihoods come from a business built on a marriage can find themselves facing additional stresses when the marriage ends.
Every divorce begins with a marriage. When you get married, divorce is probably the last thing on your mind. You don’t accept a marriage proposal with intentions of the relationship ending. Regardless, you may want to protect the future and plan ahead.