A recent study by the American Academy of Matrimonial Lawyers revealed that divorce attorneys have noticed a significant uptick in prenuptial agreements in recent years.
If you and your spouse are facing divorce and you have built a business together or share a financial stake in a business, your financial future may be in jeopardy. When couples who divorce have to divide their assets, including a business, things can get messy quickly, especially when the divorce is contentious.
Many people in the LGBT community face an issue when it comes to divorce that their peers in heterosexual relationships generally do not: fear of losing their children due to a lack of genetic and legal ties.
For many families, the beginning of the new year brings changes. If you are considering divorce, one of the many questions weighing on your mind might be this: "When is a good time to file for divorce?" Is January too soon? How about February? What if you do not think you can grin and bear any longer?
One pressing concern for professionals such as lawyers, dentists and doctors who have considerable assets is how to safeguard these assets and their business in a divorce. After all, it can be more than frustrating to think about the possibility of your ex ending up with the business you spent years building and cultivating.
Divorce is one of the most emotional times in a person's life. Some feel numb as they go through the process, simply signing whatever papers are placed in front of them. Others may have a little more awareness and be able to set a goal (or goals); for example, for the divorce to proceed as speedily as possible and for the children to witness as little fighting as possible.
Divorce is often thought of in the context of a sporting event, military battle, or other type of power struggle. In that frame of reference there must be a winner and a loser. Time has shown that people will expend a tremendous amount of resources on legal representation in order to make sure that they're the winner and their spouse is one of the greatest divorce losers of all-time.
Every divorce has its own challenges. Some of them are personal and emotional, like child custody and visitation, and other issues are more financial.
One of the key issues in every divorce is dividing the assets. Behind only the custody and visitation of the children, how the money is divided is often the most pressing concern for most divorcing couples. Asset division is a common part of the divorce process in which each spouse is required to disclose all assets, income and debts to the court.