One of the most challenging and potentially contentious aspects of divorce is the splitting of shared assets. For this reason, many married couples in Missouri and elsewhere have chosen to create postnuptial agreements to protect their assets in the event that they get divorced. Here is a look at what a postnuptial agreement is and the benefits it offers.
Going through the process of divorce can be challenging from a financial standpoint for both younger and older couples. However, older couples in Missouri face unique challenges during such a family law proceeding, as they have likely amassed a number of assets or complex property. Fortunately, a couple of tips might help with dealing with divorce at an older age.
The process of getting divorced in Missouri can be challenging on a number of levels, especially when it comes to finances. Unfortunately, making wise financial decisions can be difficult for individuals who are also trying to navigate the emotional aspect of a family law proceeding like divorce. For this reason, seeking the help of a financial advisor is generally a good idea at the beginning of a divorce proceeding.
When two people are going through divorce, they may understandably feel worried about their financial futures. This may be the case whether the two parties have high-value assets or just a few assets to split. However, enlisting the help of a financial expert may help them to tackle this family law matter with greater confidence in Missouri.
Embarking on the process of getting divorced can no doubt be overwhelming. This is especially the case for people who have an extensive number of assets in Missouri. However, a few tips may help people who are starting this family law process to achieve the best results possible in their situations.
Getting a divorce can no doubt be complex from a financial standpoint. Unfortunately, it is easy for divorcing individuals in Missouri to get so wrapped up in specific financial divorce issues that they neglect other ones that are just as important. One financial issue that is frequently overlooked during such family law proceedings is how to address life insurance.
Nothing about the process of divorce is easy. In fact, this type of family law proceeding can be incredibly confusing and emotionally overwhelming. However, making some moves early on in the divorce process may make navigating it easier for individuals in Missouri.
Missouri residents and others who are going through a divorce are encouraged to retain the services of a financial planner. While a financial adviser can't help with the emotional pain the end of a marriage could cause, he or she may be able to help resolve the matter in a reasonable and timely manner. This person might be able to work with both parties to the divorce to minimize conflict and reduce the overall cost of the proceeding.
High-asset couples in Missouri who are going through a divorce may have to resolve complex issues regarding property division. This is the case for a prominent art collecting couple in New York. After a court appearance on Feb. 13, the judge told them they were too far apart on the issues they needed to resolve and scheduled a new hearing for April 2.
Missouri residents who have gone through a divorce may have lower credit scores and higher levels of debt. According to research from Debt.com and MoneyWise.com, divorce can cost a person $5,000 or more. The price tag includes attorney fees, court expenses and costs related to splitting property after the marriage officially ends. Someone who chooses to end their marriage may also be responsible for a portion of any joint debts accrued while with their ex-spouse.