One going into divorce proceedings in Jackson County may have no issue in dividing up their marital property between themselves and their ex-spouse. Where they may be hesitant to share are those assets that they view as being the results of their own individual efforts. These may include one's workplace retirement accounts (like a 401k). Their hesitancy to part with even a portion of such an asset is understandable; at the same time, as 401k account contributions comes directly from their income (of which that which was earned during their marriage is considered marital property), one can see why 401k contributions are considered a shared asset.
Keeping the full value of a 401k
Family law matters and high blood pressure
Those who struggle with high blood pressure may face a myriad of challenges in daily life, whether they have difficulty in the workplace, or they are worried about some of the health risks associated with their condition. Moreover, there are certain periods in life when stress and high blood pressure can become especially problematic, even for those who may not have noticed these issues in the past. For example, when a marriage comes to an end, this can be a very difficult time for many reasons, and people may even run into these difficulties following a divorce due to family law matters such as child support and custody.
Will you pay manimony after your divorce?
If you are a Missouri woman who has successfully climbed the corporate ladder to the point where you earn a significant salary, this is a good thing. But if you earn more than your husband does, it may not be such a good thing if the two of you divorce. Why? Because you may have to pay him manimony after the divorce.
Identifying Missouri's grounds for divorce
The decision to get a divorce from your spouse is no doubt a difficult one, yet one that you typically will not arrive at without having your reasons. The question that many in Jackson County have asked us here at the Stange Law Firm is whether the state will justify those reasons. You are likely familiar with the term "grounds for divorce," which seemingly implies that you must have a valid reason to end your marriage. While that is true, that is not to say that only an egregious action by you or your ex-spouse will warrant a divorce.
The rise of rehabilitative alimony
Alimony has long been viewed by many in Jackson County as almost being a punitive obligation placed on a person for being more financially successful than their ex-spouse. It is also almost universally assumed that the one obliged to pay alimony will be the husband (due to the fact that, until recently, societal norms have been that the husband serves as the provider for the family). This assumption is supported by the fact that, according to Forbes Magazine, of the 400,000 people recorded has receiving alimony in the U.S. in 2014, only 3 percent were men.
Will you pay manimony when you divorce?
If you are a married Missouri woman whose salary or wage surpasses that of your husband, it may surprise you to learn that should the two of you divorce, you may have to make spousal support payments to your husband. As Wife.org explains, this reasonably new wrinkle to alimony goes by the nickname of manimony.
Is the divorce rate really falling?
If you are like a lot of people in Missouri, you may have long heard others talk about the divorce rate in America. Most people today know someone who has been divorced and may either have experienced a parental divorce or a divorce of their own. While not an uncommon experience, some recent research may point to a reduction in the divorce rate in America.
Breaking news of a divorce to your child
Missouri parents who have decided to divorce have a lot of worries to handle. One of the top concerns involves parents trying to decide how they're going to break the news to their children. While the options vary depending on the child's age and temperament, there are still some general rules of thumb that can be applied to most situations.
Should you consider a postnuptial agreement?
Family law experts in Jackson County will often recommend that you and your spouse enter into a prenuptial agreement prior to your marriage in order to protect each of your existing financial interests should your marriage end. Yet even the experts may agree that not every marriage may need a prenup. Neither of you may have brought significant assets into your marriage, or even if you did, you may have decided that you ultimately did not care how they might be divided should you separate (which likely seemed to be an impossibility at the time).
What does the tax cut act mean for divorces?
The president's Tax Cuts and Jobs Act, slated to take effect Dec. 31 of this year, has added a new wrinkle to divorce proceedings in Missouri. Spouses headed for divorce and the attorneys representing them may be already either trying to rush proceedings or slow them down, depending on which one earns more money, according to the American Bar Association.
