A prenuptial agreement may not be very romantic, but it can be the right choice for future spouses who want to protect a business or personal assets in Missouri. Because let's face it, we all know the divorce rate in the U.S. is 50 percent and this document offers some peace of mind. FindLaw offers several pros and cons to consider when you're weighing your options, listed below.
It has been said that money changes people, which holds true in Missouri and elsewhere. Whether or not you believe that money is the root of all evil, you must admit that the pursuit of it causes people to do things they may not have done otherwise. Things like hiding assets from your spouse. Do it during a marriage and you may wind up in divorce court; do it during divorce and it is illegal.
If you are one of the many people in Missouri who is facing the end of your marriage this year, you are no doubt concerned about the financial ramifications you may experience from a divorce. Many people focus on the division of assets when they first think of a property division settlement. While splitting assets is definitely a component of this, it is debts also that must be divided between spouses.
Divorcing spouses in Missouri can find many elements of getting divorced difficult to accept, including the financial blow that can accompany a divorce. Losing significant assets is never easy but when it comes time to split a 401K or another type of retirement plan sponsored by an employer, there may well be a way for people to minimize what they have to let go of.
If you are one of the many people in Missouri who is considering getting a divorce in this calendar year or perhaps after that, you will want to educate yourself about how the recently passed tax bill may impact the decisions you make along the way. When working through the details of a divorce settlement in which assets and debts must be assigned to each spouse, the assignment of child support or spousal support may well come into play.
As any Missouri resident who has gone through a divorce is aware, the stress from the process does not end when paperwork is finalized. Instead, the pain from recovering and moving on can persist for months and even years afterward. The important aspect to keep in mind, however, is that the struggle after a separation is common. It can be challenging to restructure everyday life activities, social circles and traditions. After the dust settles, contentment can be found once again.
If you are contemplating divorce, already in the middle of the process, or have already parted ways with your former spouse, you may have various responsibilities and concerns. You could be worried about how marital property will be split between you and your spouse. Or, perhaps you are losing sleep thinking about how custody will be awarded. During these times, an array of emotions can arise, from anger to depression and high levels of anxiety. It is important to prevent these emotions from having a negative impact on your divorce case.
Residents in Missouri who are facing the difficult and emotional decision of having to end their marriage may also have other decisions to wrestle with. If financial problems are part of the marital issues, people may also be struggling with how to reconcile these problems as well. If the financial challenges are severe enough and bankruptcy is a viable options, consideration should be given as to what type of bankruptcy might be best and when it would be most appropriate to file for that bankruptcy relative to when a divorce filing is made.
With family law, various legal challenges may arise. However, those involving domestic violence are often particularly difficult to work through and may carry significant consequences. Depending on your circumstances, you may be worried about your safety or the well-being of your children. Or, you could fear that your reputation and career will be shattered. Our Missouri law firm fully understands the amount of stress that domestic violence disputes can generate and we believe it is important to take steps to protect yourself.
Divorce brings many hurdles for couples, such as concerns about who will be responsible for paying debts or taking care of children. However, some people may also fall victim to identity theft at the hands of their former marital partner. If you fear that this may happen to you, it is pivotal to take whatever steps you can to protect your identity. If you think that this has already affected you, you may want to look into further action. Unfortunately, identity theft can affect those who are splitting up with their spouse for different reasons.