In any divorce, money is bound to be a central issue--with each spouse wanting to ensure that he or she receives a fair share. However, before any decisions can be made about who gets what and how much of it, all assets and debts must be accounted for. In cases where a spouse isn't completely honest about the value of certain assets or outright attempts to hide assets, the divorce negotiation process can stall and quickly become contentious.
Thirty or more years ago, divorce wasn't as common among individuals age 50 and older. Today, however, research indicates that, between 1990 and 2010, the divorce rate among this age demographic doubled. With retirement on the horizon, these so-called gray divorcees must be strategic and work to maximize income and savings.
Missouri residents who are going through a divorce often have many questions and concerns about how property, personal belongings and assets will be divided. Missouri is an equitable distribution state meaning that a judge will seek to distribute marital assets based upon what he or she believes to be fair. In this case, it's important to note that fair does not necessarily mean that assets will be distributed equally. Rather, a judge will take numerous and relevant factors into consideration when making such decisions.
When two individuals decide to marry, there's typically a lot of excitement and buzz surrounding wedding and honeymoon planning. Meanwhile, as a couple is focused on registering for china and booking plane tickets, important issues related to each individual's assets, debts and personal views about money in general may be ignored.
One of the hardest parts of a divorce is telling your children about it. For them, this is a tragic and hard event in their lives. Kids always want to see their parents stay together and to work through it. But sometimes that's not an option, and the breaking the news of the divorce can be extremely devastating.
If you and your soon-to-be ex-spouse have decided to divorce, you are likely more than anything but indifferent towards the divorce process, and are likely anything but indifferent towards your spouse. Even the mere thought of your spouse creates a troublesome amount of emotions that may include: sadness, anger, frustration, guilt, and possibly longing. These feelings towards your spouse are completely understandable. But, it may benefit you to try to be indifferent towards your spouse during the divorce process.
During some divorce cases, the question of alimony may come up. Alimony, or better known as the maintenance in Missouri, is being awarded to more men, considering some women are now out-earning their husbands. Women are no different from men when it comes to their dislike of paying maintenance for their former spouse.
Divorce is comparable to an all you can eat cafeteria. You can enter the line, and choose a small salad, a single entrée, and a small side or two. You can even skip dessert. Or, you can begin heaping your tray with mounds of food until it is difficult to tell if you still have a plate underneath it all.