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.
Postnuptial agreements are similar to prenuptial agreements in that they can specify how assets are to be divided in a divorce. They can also provide clarity as to what a couple will do with their money both now and after they retire. However, as the name implies, a postnuptial agreement is one that is created after a couple gets married. In some cases, this is because there wasn't enough time to finalize a formal arrangement before a wedding took place.
Conflicts between co-parents in Missouri are bound to arise at one point or another. However, when both parents focus on the big picture and work to do what is best for their kids, they can more easily resolve conflicts in their co-parenting relationship. Here are some tips that have helped co-parents successfully meet common challenges.
There is a pragmatic side of engagement that couples in Missouri need to be aware of if they want to save a lot of frustration and trouble later on. If couples do not discuss how they will handle financial matters, they fail to create an expectation as to what each individual should expect out of their financial partnership.
Missouri residents who follow celebrity news may be aware that "Transformers" star Josh Duhamel and former Black Eyed Peas singer Fergie separated in September 2017 and filed for divorce earlier this year. Media outlets have reported that the A-list couple finalized their divorce in Los Angeles on Nov. 25. A person close to the couple told reporters that Duhamel and Fergie waited two years to make their split official because they wanted to be sure that they were doing the right thing.
After parents in Missouri get a divorce, they usually still must find a way to co-parent effectively if their children are minors. This can be difficult after a high-conflict divorce. It may sometimes be necessary for one parent to set boundaries and ensure that the focus stays on the best interests of the child.
When Missouri couples divorce, it is common for there to be an order for spousal support. This is also referred to as alimony and is meant to help one former spouse to make ends meet and maintain a similar lifestyle to what they had during the marriage. For many, a common worry centers around how long the payments will be made.