If you and your spouse are considering a divorce but are unsure about it, you may benefit from the use of a legal separation. Legal separations operate very similar to divorce, but do not actually terminate the marriage, giving spouses time and space to take stock of the relationship while operating within a structure similar to a divorce decree. In some cases, couples undergo legal separation and find that they do not actually want to divorce, while others use it as a more gentle on-ramp to dissolving the marriage.
When you begin wading into the tricky waters of divorce, finding a way to fairly divide marital assets can be tricky. This is especially true for couples without children who have few assets other than a house. If you have concerns about who will keep the house or whether to keep it at all, don't worry — there are solutions to all of these concerns, even if they are not what you might prefer.
Most people have at least a vague understanding of prenuptial agreements, but many do not know that married couples can also create postnuptial agreements. A postnuptial agreement is similar to a prenuptial agreement, with some key differences. In general, postnuptial agreements are less legally binding, but are still valuable for spouses who need to create boundaries or address significant changes in their finances.
Just because you want to get divorced doesn't mean it has to be a big messy affair. In fact, in some cases, you and your spouse can file for an uncontested divorce and resolve the matter fairly quickly and simply. Unfortunately, even the simplest of divorces is still a very complex process, so it is rarely wise to attempt to file for divorce without any professional guidance.
Prenuptial agreements are a useful, wise way to protect yourself and your spouse from many of the pressures that tear marriages apart, and can help keep a divorce process simple if your marriage ends. However, just because you have a prenuptial agreement doesn't mean that it will hold up in court.
If you're a small business owner facing divorce, then you have some very serious decisions to make, and very little time to decide your path forward. Without proper legal guidance and decisive action, your divorce may take your business down with it. The good news is that you have options — but you must act quickly if you hope to keep your business intact throughout your divorce.
When people divorce, financial issues often come to the forefront. Resolving those issues for a divorce settlement is often less simple than just counting the money in the bank accounts and calculating the value of the family house. There may be many assets that one spouse is not aware of, either because the other spouse innocently managed income and investments or because the other spouse intentionally hid income and investments to shield them from being accessed by anyone other than themselves.