Before going into a marriage, many couples decide that they would like to protect their own personal assets that they acquired during the marriage, or their assets that they expect to acquire during the marriage, in the event of a divorce. This process is called a premarital agreement, otherwise known as a prenup. However, although it can have been agreed at the time when the marriage occurred, when a person is considering or going through a divorce, they may find that the prenup is no longer valid for one reason or another. The following are some reasons why your premarital agreement may not be enforceable under the law.
Divorce is nearly always a difficult and emotional process. It involved the end of a household and new relationships between individuals. Two groups who often feel the most change in lifestyle are children and former spouses with no or little income.
No longer being married to or living with your ex might make life a lot easier and smoother. However, you probably need to continue to have frequent communication, whether it's for practical matters such as dividing up your possessions, or for the sake or your kids. Anyone who has to deal with his or her ex on a regular basis probably has room for improvement when it comes to getting along and maintaining good communication.
Married relationships are never easy. Fights happen, tensions occur and there will always be times when you feel distanced from your partner. This sentiment occurs even in the healthiest of relationships. When do you get to the point where you know that you are at the end of the road and the only option is divorce? It is difficult to say.
You've heard the grim statistics about the divorce rates in the United States. But there is a glimmer of hope, as the most recent census indicated that the divorce rate appears to be leveling off after decades of it increasing.
You're in court with your spouse, in the process of ending your marriage, and you don't agree on how to divide the assets or the time with the kids. Your spouse makes a proposal. Do you take it, even if you feel like it's not fair, or do you keep fighting for what is yours?
Your spouse is ten years older than you. You met just as you were finishing up college and married quickly. While the gap didn't seem too huge then, now you're wondering if it makes it more likely that you're going to get divorced.
You know about the divorce rate and how common divorce is. Even so, you're surprised to hear whenever someone splits up after less than a year.
Gone are the days when divorce meant the kids would spend all week with Mom and only see Dad on the occasional weekend. Today, families are free to pursue more flexible arrangements that reflect their unique needs - and promote strong relationships with both parents.
One of the points we’ve previously mentioned on this blog is that it is important for couples, when dividing assets, to determine what property is separate and what property is part of the marital estate. Again, marital assets include those acquired during the marriage by either spouse, any increase in value and appreciation of separate property resulting from the efforts or contributions of either part during the marriage, and any value tied up in retirement, plans, insurance plans, and other benefit and funds.