For people with substantial personal assets or children from previous relationships, it can be important to protect those assets, and their distribution to intended future beneficiaries, before entering into a marriage. For most people, a well-drafted, enforceable prenuptial agreement is the best legal option. However, for a variety of reasons, some prospective spouses simply won't agree to sign one. What then?
During a divorce it can be quite difficult to come to an agreement, especially when there are children involved. Parents need to reach an agreement on not only what is best for the child in terms of physical custody, but also what an appropriate amount of child support paid by the noncustodial parent should be each month.
Dividing up property in a divorce can be quite difficult, especially since some things that may seem straight-forward are in fact complicated.
In our last post we focused on the importance of making sure to remove a name from a joint credit card account in order to protect a credit score after a divorce. In this post we'll continue to focus on credit scores and dividing up marital debt, only this time we'll focus solely on auto loans and real estate that was purchased when a couple was still married.
When talking about divorce, we often think of the couple who is fighting over every dish, knife and bowl in the house. These are the people who go through a contentious divorce where every aspect of child custody, child support, property division and alimony is fought over in the courtroom. However, the truth is that not all divorces go like this. Rather, some go out of their way to be nice and courteous, and even end up financially hurting themselves in an attempt to not rock the boat.