Belleville and Edwardsville Divorce Law Blog

Missouri residents who have gone through the divorce process know that few business interactions can be as potentially explosive as dividing up assets after a divorce. Time and time again, there are news reports of wealthy or famous individuals who find themselves in protracted divorce cases.

Some assets adding a new wrinkle to divorce proceedings are cryptocurrencies. Family law attorneys are just starting to deal with divorces where high-value cryptocurrency investments need to be found and divided among the divorcing parties.

Missouri reality TV fans might be interested in the ongoing child custody battle between "Rehab Addict" star Nicole Curtis and her ex-boyfriend. The former couple came to a custody agreement over their 3-year-old son in October 2018, but they are still apparently battling over unpaid child support payments.

According to court documents filed by the State of Michigan on Jan. 16, the father has been ordered to attend a hearing regarding $6,059.50 in late child support payments. If he is unable to provide the judge with an acceptable explanation for why he has fallen behind on the payments, he could be held in contempt of court. Furthermore, if he fails to show up for the hearing, a warrant could be issued for his arrest.

Many Missouri couples might skip a prenup when they get married if they are just starting out or are still college students. Like many people, they might assume that a prenup is only for those who already have substantial assets. However, a prenup is one way to plan for the future, particularly when there is always the possibility that a couple's financial situation might significantly change.

While it might seem like negative thinking, a prenup does more than just prepare for the possibility of the end of a marriage. It can also help if one of the spouses passes away and there is the need to manage their estate. In the case of a divorce, a prenup takes into account any debt that the two spouses brought into the marriage -- for example, financing for their college and advanced education. What a prenup does is consider what each person would want in case the marriage ends while taking into account both what they bring to the marriage and what the potential for additional assets is as the years go by. A prenup also provides a good basis for an honest conversation about finances and financial planning before the marriage even begins.

According to a 2016 study conducted by the ADP Research Institute analyzing anonymous pay data of 12 million American workers, about 7 percent of American workers are having their wages garnished. When an employee's wages are garnished, a court orders an employer to automatically deduct money from the employee's wages in order to pay debt. Wage garnishments affect employees in certain industries and parts of the country more than others. Manufacturing workers in the Midwest have the highest rate of wage garnishment at about 26 percent.

The average yearly salary of employees who have their wages garnished is about $44,000 and most workers are middle-aged. Large companies have a higher percentage of employees who have wage garnishments with about 10 percent of employees being affected by wage garnishments versus about 7 percent for small companies.