Among the most valuable assets that a Missouri couple may share are their retirement funds. In many cases, both parties are depending on these funds for their financial futures. This is one major reason why 62 percent of divorce attorneys surveyed in 2016 said that retirement accounts were the most contentious issue for their clients.
Prenuptial agreements may be one way for couples in Missouri and throughout the country to protect their finances. However, it may not be the only option to protect funds or other property brought into a marriage. While talking about asset protection may not sound romantic, it can serve a variety of purposes. For instance, it may allow an individual to learn more about his or her partner's current financial situation and long-term outlook.
There may be a number of reasons why the marriages of Missouri couples break down and end in divorce. One of those reasons is infidelity. This may be physical or just emotional, and it may happen once or multiple times before the marriage ends. Money problems are another reason. Poverty or a wife making more money than her husband are both examples of financial issues that can cause stress in a marriage.
Missouri residents are likely aware of who Miguel Cabrera is for what he does on the baseball field. A woman has filed a lawsuit against him based on something he did in his personal life. According to a lawsuit filed in Orange County Superior Court in Florida, Cabrera reduced child support payments in 2017 for two children he supposedly fathered with her. He allegedly fathered the first child in 2013 and the second in 2015.
Older Missouri couples who are facing divorce may be concerned about their retirement savings. The divorce rate for people 50 and older has gone up about twice as much compared to the 1990s, but older people may also be particularly vulnerable financially. They may have fewer employment opportunities and less time to rebuild assets lost during the divorce.
As Missouri couples approach marriage at a later age and with more developed career paths, prenuptial agreements can be an appealing option to protect both parties' interests. The thought of disentangling personal businesses, investments and retirement funds upon divorce can be particularly troubling for couples consisting of two high-powered career achievers.