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.
When parents get divorced, their children may be faced with the prospect of living in two different households. This may mean that they live under two sets of rules. However, Missouri parents should realize that a child tends to do better when a consistent set of rules is enforced. Regardless of how parents feel about each other, they should overlook their differences and focus on the best interests of the child.
Ideally, Missouri residents or others who are going through a divorce will end their marriage in a civil and equitable manner. However, what one person thinks is equitable may not be what the other party to the divorce thinks is equitable. Therefore, it may be a good idea to make a list of all debts that a couple may have and all assets that a couple may have.
When many Missouri couples think about divorce, they often think about handling it through litigation. This can be an expensive and difficult way to end a marriage due to the fact that it pits former couples against each other when arguing their views on property division and other divorce legal issues in front of a judge. However, there are alternatives, such as divorce arbitration.