Many families already know that this will be their last holiday season all living together under the same roof. In many cases, at least one spouse plans on a separation in the near future. Typically, these spouses tend to wait until once the holidays have passed to start to take steps to end the marriage.
The economy has an impact not only on our wallets, but also sometimes on our decision to stay in our marriages. In fact, a recent study from Marquette University found that divorce rates actually decreased in the early years of the recession. However, now as the economy has started to rebound, there has been an increase in the divorce rate.
As we've mentioned in the past, more and more couples are choosing to live together and have children without first getting married. Of course there is absolutely nothing wrong with these decisions. However, those unmarried parents and couples should think about a few things ahead of time in order to protect future finances and parental rights.
Many couples in Missouri who are splitting up face the decision of whether to go with a legal separation or a divorce. Both scenarios have some similarities in terms of reaching agreements, yet both have different implications that can affect a person's financial future. This is why it is important to learn about both before coming to any kind of agreement.